W.R. Grace & Co.
W.R. Grace Signs a Spree of New Contracts
On November 27 and 28, 2017, W.R. Grace (GRA) signed a spree of new contracts for its Unipol license.
How Is Albemarle’s Dividend Yield Trending?
At the close of market on March 14, Albemarle (ALB), one of the biggest lithium producers, had a dividend yield of ~1.75%.
Hanwha Total Petrochemical: W.R. Grace’s New Order
On January 8, W.R. Grace (GRA) announced that it got a new order for its UNIPOL PP Process Technology.
Carrier Selects Chemours’ Opteon XL41
On December 19, Chemours (CC) announced that Carrier selected its refrigerant R-454B, which is sold as “Opteon XL41.”
Tronox Seeks Permission to Present Its Divestiture Plans
On December 4, Tronox (TROX) announced that it filed a motion seeking permission to present the proposed divestitures to the FTC.
Will Albemarle’s Short Interest Come Down?
On November 15, the short interest data showed that Albemarle’s (ALB) short interest fell marginally compared to the previous report.
Albemarle’s Dividend Yield Has Risen in 2018
At the close on November 29, Albemarle (ALB), one of the biggest lithium producers, had a dividend yield of 1.38%.
W.R. Grace Declares a Quarterly Dividend
On October 24, W.R. Grace (GRA) announced its regular quarterly dividend. GRA declared a dividend of $0.24 per share.
CC’s First Annual Corporate Responsibility Commitment Report
On October 26, Chemours (CC) announced the release of its first annual corporate responsibility commitment report.
Albemarle’s Latest Dividend for Q3 2018
Albemarle (ALB) has announced the key dates for its Q3 2018 dividend.
Albemarle’s Dividend Yield Up 40% YOY. Will Investors Buy?
As of August 30, Albemarle (ALB), known for lithium, has a dividend yield of 1.4%.
Tronox’s Quarterly Dividend and Stock Price Update
On August 15, Tronox (TROX) announced its latest quarterly dividend of $0.045 per share. Tronox set the record date as August 27.
Albemarle’s Revenue Continued to Rise despite Divestiture in Q2
Albemarle’s (ALB) revenue continued its upward trend for the second quarter. It reported revenue of $853.9 million for Q2 2018, reflecting an increase of 15.8% over Q2 2017.
Albemarle Stock Rose 6.4% on Better-than-Expected Q2 Earnings
Albemarle announced its second-quarter earnings on August 7 after the markets closed.
What Drove Albemarle’s Better-than-Expected Q2 Earnings?
Albemarle (ALB) reported its Q2 2018 earnings after the market closed on August 7. It reported revenue of $853.9 million for Q2 2018, reflecting growth of 15.8% over Q2 2017.
How Praxair’s Surface Technologies Segment Performed in Q2
Praxair’s (PX) Surface Technologies segment was its smallest revenue contributor in Q2 2018.
Chemours Increases Prices of Vazo Products
On June 18, Chemours (CC) announced that it would increase the prices of all grades of Vazo products.
W. R. Grace Bags New UNIPOL Technology Client
On April 24, W. R. Grace (GRA) announced that it would be licensing its UNIPOL PP Process Technology to Inter Pipeline to be used in its Heartland Petrochemical complex in Alberta, Canada
W.R. Grace Stock Spirals on 1Q18 Earnings and Revenue Beat
W.R. Grace reported revenues of $431.5 million for 1Q18 today, reflecting growth of 8.4% from 1Q17.
Tronox Plans to Raise $615 Million through Senior Notes
On March 27, 2018, Tronox (TROX) announced that it completed the pricing of $615 million in senior notes with a coupon rate of 6.5%.
Tronox to Exit Non-Core Business, Sells Electrolytic Operations
Tronox’s stock price declined 6.2% and closed at $18.23. As a result, the stock traded 15.7% lower than the 100-day moving average price of $21.62.
Why Analysts Are Positive on W.R. Grace
In the past six months, the number of analysts covering W.R. Grace (GRA) has fallen from 14 to the present 11.
Why W.R. Grace’s Dividend Yield Is on the Rise
As of March 14, 2018, W.R Grace’s (GRA) dividend yield stood at 1.5%—its highest level since it started to pay dividends on a quarterly basis.
Tronox Extends Acquisition Agreement with Cristal
On March 1, 2018, Tronox (TROX) announced that it agreed to extend the deadline related to the acquisition of Cristal’s titanium dioxide business.
Albemarle’s Lithium and Advanced Materials Segment in 4Q17
Albemarle’s (ALB) Lithium and Advanced Materials segment is its largest revenue contributor, accounting for 42.2% of its total revenues in 4Q17.
Albemarle’s 4Q17 Revenue Grew on All-Around Performance
Albemarle (ALB) reported revenues of $857.8 million in 4Q17, an increase of 23.1% on a year-over-year basis.
Albemarle’s 4Q17 Adjusted Earnings Beat Estimate, Stock Rose
Albemarle (ALB) announced its 4Q17 earnings on February 27, 2018. Its adjusted EPS rose 71.8% on a YoY basis.
Albemarle Increases Its Cash Dividend 24 Years in a Row
On February 23, 2018, Albemarle (ALB) announced its 1Q18 dividend of $0.335 per share. This represents an ~4.7% year-over-year increase.
Reviewing Albemarle’s Stock Performance since 3Q17
Albemarle (ALB) is set to announce its 4Q17 results after the market closes on February 27, 2018.
W.R. Grace Declares a 14.3% Raise in Its Cash Dividends
In 2018, W.R. Grace (GRA) expects to pay a cash dividend of $0.96 per share, an increase of 14.3% over 2017.
GRA to Provide Unipol Process Technology License to Grupa Azoty
GRA stock price gained 1.1% and closed at $74.52 for the week ended January 26, 2018.
Albemarle Strengthens Its Leverage Position
At the end of 3Q17, Albemarle (ALB) reported debt of ~$1.8 billion, its lowest point since 2014.
W.R. Grace’s Interest Coverage Improves: A Good Sign?
W.R. Grace’s (GRA) high debt level has resulted in higher interest expense for the company.
W.R. Grace Made Several Acquisitions Last Week
On August 28, 2017, W.R. Grace (GRA) announced that it had entered a definitive agreement to acquire Evonik’s dental silica business.
Albemarle Annouces 3Q17 Dividend
Albemarle (ALB) has announced that it will pay its 3Q17 dividend on October 2, 2017. The dividend will be $0.32 per share on its outstanding shares.
W.R. Grace Enters New Agreement with Valliscor
On June 26, 2017, W.R. Grace (GRA) announced that it entered a master service agreement with Valliscor to supply fluorinated intermediates.
Grace Signs New License Contract with Hengli Refinery
GRA closed at $70.53 with a fall of 0.2% for the week ended June 16, 2017.
Why Albemarle’s Dividend Yield Has Taken a Tumble
Since 4Q15, Albemarle’s (ALB) dividend yield has fallen steeply since ALB stock growth has outpaced its dividend growth in a big way.
A Look at Albemarle’s Dividend Yield Curve since 2011
With ALB’s dividend for fiscal 2017 expected to be $1.28, its current dividend yield stands at ~1.4%.
FMC Announces Its Dividend for 4Q16
On December 15, 2016, FMC’s (FMC) board declared a fourth quarter dividend of $0.17 per share. The dividend will be paid on January 19, 2017.
How’s Albemarle’s Valuation Compared to Its Peers?
As of December 14, 2016, Albemarle (ALB) was trading at a one-year forward PE multiple of 22.7x compared to W.R. Grace (GRA) at 20.0x.
What Analysts Are Recommending for Albemarle
As of December 14, 2016, about 50.0% of the analysts tracking Albemarle stock have recommended a “buy” for the stock. The other 50.0% have recommended a “hold.”
Is Albemarle’s Dividend Yield Better Than Its Peers?
In the first nine months of 2016, Albemarle has paid a dividend of $101.1 million, which represents a dividend payout ratio of approximately 25.9%.
Albemarle’s Valuations Ahead of 2Q16 Earnings Release
In the past two years, Albemarle (ALB) has been trading at a one-year forward PE of 10.3x–21.60x. On July 26, 2016, it was trading at 21.5x.
Albemarle: How Much Net Profit Margin Are Analysts Predicting?
As of July 26, 2016, analysts are expecting Albemarle’s (ALB) net profit margin to be about 13.3% in 2Q16. That compares to 7.3% in 2Q15 and 14.5% in 1Q16.
Junk Bond Issuance Has Gained Traction
The strong secondary market performance of the junk bond issues priced so far in 2016 built investor confidence. It helped them take positions in low quality and highly leveraged junk bonds.
W.R. Grace & Co. is a New Addition to Lone Pine’s 4Q14 Portfolio
In February 2015, W.R. Grace announced its plan to separate into two publicly traded, independent companies called New Grace and New GCP.