Will W. R. Grace & Co. (GRA) Short Squeeze Soon?

April 2, 2018 - By Ellis Scott

W. R. Grace & Co. (NYSE:GRA) Logo

Investors sentiment increased to 1.34 in Q4 2017. Its up 0.13, from 1.21 in 2017Q3. It is positive, as 24 investors sold W. R. Grace & Co. shares while 68 reduced holdings. 37 funds opened positions while 86 raised stakes. 56.69 million shares or 0.57% more from 56.37 million shares in 2017Q3 were reported.
Dimensional Fund L P has invested 0.01% of its portfolio in W. R. Grace & Co. (NYSE:GRA). Bnp Paribas Arbitrage reported 0.02% of its portfolio in W. R. Grace & Co. (NYSE:GRA). Pinnacle Assocs Ltd reported 7,902 shares. Ohio-based Strs Ohio has invested 0.03% in W. R. Grace & Co. (NYSE:GRA). Blackrock stated it has 0.02% in W. R. Grace & Co. (NYSE:GRA). Amer Century Incorporated, Missouri-based fund reported 408,231 shares. Moreover, Meyer Handelman has 0.02% invested in W. R. Grace & Co. (NYSE:GRA) for 6,000 shares. Deprince Race & Zollo stated it has 0.04% in W. R. Grace & Co. (NYSE:GRA). Ascend Limited Liability Com accumulated 0.22% or 82,409 shares. Bancshares Of Ny Mellon has 0.01% invested in W. R. Grace & Co. (NYSE:GRA). Amalgamated Comml Bank invested in 0.03% or 13,625 shares. Boothbay Fund Management Limited Company has invested 0.08% in W. R. Grace & Co. (NYSE:GRA). Aqr Mngmt Ltd holds 687,305 shares. Private Tru Na accumulated 0.17% or 11,140 shares. Wellington Mgmt Grp Limited Liability Partnership has 3,933 shares for 0% of their portfolio.

Since February 13, 2018, it had 3 buys, and 0 insider sales for $660,474 activity. Brown Elizabeth C had bought 3,700 shares worth $248,520 on Friday, February 16. Blaser Thomas E bought $346,196 worth of stock or 5,300 shares.

The stock of W. R. Grace & Co. (NYSE:GRA) hit a new 52-week low and has $54.74 target or 9.00 % below today’s $60.15 share price. The 6 months bearish chart indicates high risk for the $4.07 billion company. The 1-year low was reported on Apr, 2 by Barchart.com. If the $54.74 price target is reached, the company will be worth $366.48M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 1.76% or $1.08 during the last trading session, reaching $60.15. About 492,602 shares traded. W. R. Grace & Co. (NYSE:GRA) has declined 11.43% since April 2, 2017 and is downtrending. It has underperformed by 22.98% the S&P500.

Analysts await W. R. Grace & Co. (NYSE:GRA) to report earnings on April, 25. They expect $0.71 EPS, up 4.41 % or $0.03 from last year’s $0.68 per share. GRA’s profit will be $48.07M for 21.18 P/E if the $0.71 EPS becomes a reality. After $0.98 actual EPS reported by W. R. Grace & Co. for the previous quarter, Wall Street now forecasts -27.55 % negative EPS growth.

W. R. Grace & Co. (NYSE:GRA) Ratings Coverage

Among 6 analysts covering WR Grace (NYSE:GRA), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. WR Grace had 9 analyst reports since October 10, 2017 according to SRatingsIntel. The firm has “Buy” rating by Robert W. Baird given on Friday, February 9. The firm has “Buy” rating given on Thursday, October 26 by KeyBanc Capital Markets. The firm has “Hold” rating by Jefferies given on Wednesday, October 25. KeyBanc Capital Markets maintained the stock with “Buy” rating in Friday, February 9 report. The company was maintained on Monday, January 15 by KeyBanc Capital Markets. The firm earned “Buy” rating on Monday, February 12 by Seaport Global. The stock has “Buy” rating by BMO Capital Markets on Tuesday, March 27.

W. R. Grace & Co. produces and sells specialty chemicals and materials worldwide. The company has market cap of $4.07 billion. It operates through two divisions, Grace Catalysts Technologies and Grace Materials Technologies. It has a 375.94 P/E ratio. The Grace Catalysts Technologies segment offers fluid catalytic cracking catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and other petroleum products; FCC additives; and hydro processing catalysts used in process reactors to upgrade heavy oils into lighter products.

W. R. Grace & Co. (NYSE:GRA) Institutional Positions Chart

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