It is trading at $76.49 a tad higher than $72.84, the 50 day moving average and which is just over the 200 day moving average of $70.92. The 50 day moving average went up $3.65 or +5.01% and the 200 day average was up $5.57. W.R. Grace & Co. shares had a trading volume of 976K in the last trading session. Shares saw a steep increase in trading volume of 19.71% over the normal average daily volume.
Short traders are feeling a little more bearish on shares of the company of late if you pay attention to the uptick in short interest. The firm had a rise in short interest of 42.31% as of October 13, 2017 from the last reporting period. Short shares increased from 1,774,498 to 2,525,212 over that period. Days to cover increased 2.0 to 5.0 and the percentage of shorted shares is 0.04% as of October 13.
These funds have shifted positions in (GRA). Aperio Group, LLC augmented its holdings by buying 3,503 shares an increase of 13.6% from 06/30/2017 to 09/30/2017. Aperio Group, LLC now controls 29,305 shares with a value of $2,114,000. The total value of its holdings increased 13.8%. As of quarter end Simplex Trading, LLC had disposed of a total of 3,410 shares trimming its position 84.2%. The value in dollars went from $291,000 to $46,000 a change of $245,000 quarter over quarter.
Hudock Capital Group, LLC bolstered its investment by buying 2 shares an increase of 0.2% as of 09/30/2017. Hudock Capital Group, LLC now holds 977 shares worth $70,000. The value of the position overall is down by 0.0%. Andra Ap-fonden trimmed its ownership by shedding 8,300 shares a decrease of 19.6%. Andra Ap-fonden claims 34,000 shares valued at $2,453,000. The total value of its holdings decreased 19.5%.
On September 29, 2017 Loop Capital starting coverage on the stock with an initial rating of “Buy”. October 26 investment analysts at KeyBanc made no change to the company rating of “Overweight” and lowered the price expectation from $120.00 to $84.00.
The company is so far trading up since yesterday’s close of $76.49. W.R. Grace & Co. recently announced a dividend for shareholders that will be paid on Thu Dec 7, 2017. The dividend payment will be $0.210 per share for the quarter or $0.84 annualized. The dividend yield will be $1.11. The ex-dividend date is set for Tuesday the 15th of August 2017.
The most current P/E ratio is 37.24 and the market cap of the company is 5.22B. As of the last earnings report the EPS was $2.05 and is estimated to be $3.38 for the current year with 68,226,000 shares presently outstanding. Next quarter’s EPS is expected be $0.73 and the next full year EPS is anticipated to be $3.69.
W. R. Grace & Co. (Grace), launched on August 6, 1997, is involved in the production and sale of specialty chemicals and specialty materials. The Company operates in two segments: Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications. The Grace Materials Technologies segment includes specialty materials, including silica-based and silica-alumina-based materials, used in coatings, consumer, industrial, and pharmaceutical applications..