Quaker Chemical Corporation (NYSE:KWR) Director William Roland Cook sold 2,500 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $160.78, for a total transaction of $401,950.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Quaker Chemical Corporation (NYSE:KWR) traded up $2.89 during midday trading on Tuesday, hitting $164.26. The stock had a trading volume of 102,666 shares, compared to its average volume of 57,673. Quaker Chemical Corporation has a 12 month low of $121.04 and a 12 month high of $165.37. The firm has a market cap of $2,150.00, a P/E ratio of 31.82, a PEG ratio of 2.90 and a beta of 1.36. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 0.16.
Quaker Chemical Corporation (NYSE:KWR) last announced its quarterly earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.06. Quaker Chemical Corporation had a return on equity of 15.43% and a net margin of 5.93%. The business had revenue of $212.90 million during the quarter, compared to the consensus estimate of $200.71 million. During the same quarter last year, the firm posted $1.25 EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis. equities analysts predict that Quaker Chemical Corporation will post 5 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Tuesday, January 16th. Quaker Chemical Corporation’s dividend payout ratio is currently 39.66%.
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A number of research analysts have issued reports on KWR shares. Zacks Investment Research upgraded shares of Quaker Chemical Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $153.00 price target on shares of Quaker Chemical Corporation in a research note on Sunday, September 3rd. FBR & Co set a $165.00 price target on Quaker Chemical Corporation and gave the company a “hold” rating in a research note on Friday, October 27th. BidaskClub cut Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, B. Riley set a $165.00 price target on Quaker Chemical Corporation and gave the company a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $163.50.
Several hedge funds and other institutional investors have recently modified their holdings of KWR. Shell Asset Management Co. bought a new position in Quaker Chemical Corporation in the third quarter valued at about $3,910,000. Ramsey Quantitative Systems bought a new position in Quaker Chemical Corporation in the second quarter valued at about $337,000. Palisade Capital Management LLC NJ grew its position in Quaker Chemical Corporation by 4.1% in the third quarter. Palisade Capital Management LLC NJ now owns 227,147 shares of the specialty chemicals company’s stock valued at $33,606,000 after acquiring an additional 9,002 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Quaker Chemical Corporation by 9.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 73,581 shares of the specialty chemicals company’s stock worth $9,688,000 after purchasing an additional 6,297 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Quaker Chemical Corporation by 4.4% during the second quarter. Northern Trust Corp now owns 181,097 shares of the specialty chemicals company’s stock worth $26,300,000 after purchasing an additional 7,602 shares during the last quarter. Institutional investors own 82.70% of the company’s stock.
About Quaker Chemical Corporation
Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others. The Company’s segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.
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