The VP, Govt. Relations and EHS of WR Grace (NYSE: GRA) is Buying Shares

By Carrie Williams

Today, the VP, Govt. Relations and EHS of WR Grace (NYSE: GRA), Keith Cole, bought shares of GRA for $65.75K.

Following this transaction Keith Cole’s holding in the company was increased by 20.32% to a total of $390.9K. In addition to Keith Cole, 2 other GRA executives reported Buy trades in the last month.

Based on WR Grace’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $460 million and GAAP net loss of $123 million. In comparison, last year the company earned revenue of $441 million and had a net profit of $10.8 million. The company has a one-year high of $77.37 and a one-year low of $62.59. GRA’s market cap is $4.4B and the company has a P/E ratio of 412.50.

13 different firms, including Credit Suisse and Goldman Sachs, currently also have a Buy rating on the stock. Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $82, reflecting a -19.5% downside. Starting in October 2017, GRA received 8 Buy ratings in a row.

The insider sentiment on WR Grace has been positive according to 27 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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W.R. Grace & Co. engages in the production and sale of chemicals and materials. It operates through 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.