Deutsche Bank AG raised its stake in Quaker Chemical Corp (NYSE:KWR) by 140.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,672 shares of the specialty chemicals company’s stock after buying an additional 16,731 shares during the period. Deutsche Bank AG owned approximately 0.22% of Quaker Chemical worth $4,323,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Cortina Asset Management LLC purchased a new position in Quaker Chemical in the fourth quarter valued at about $8,602,000. California Public Employees Retirement System increased its holdings in Quaker Chemical by 2.5% in the third quarter. California Public Employees Retirement System now owns 51,248 shares of the specialty chemicals company’s stock valued at $7,582,000 after buying an additional 1,248 shares in the last quarter. Pennsylvania Trust Co increased its holdings in Quaker Chemical by 121.7% in the fourth quarter. Pennsylvania Trust Co now owns 6,874 shares of the specialty chemicals company’s stock valued at $1,036,000 after buying an additional 3,774 shares in the last quarter. GW&K Investment Management LLC increased its holdings in Quaker Chemical by 1.7% in the fourth quarter. GW&K Investment Management LLC now owns 117,249 shares of the specialty chemicals company’s stock valued at $17,680,000 after buying an additional 2,002 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Quaker Chemical by 11.6% in the fourth quarter. Rhumbline Advisers now owns 37,119 shares of the specialty chemicals company’s stock valued at $5,597,000 after buying an additional 3,844 shares in the last quarter. 92.19% of the stock is owned by institutional investors.
In other news, CEO Michael F. Barry sold 1,250 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $160.13, for a total value of $200,162.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP D Jeffry Benoliel sold 3,625 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $150.38, for a total transaction of $545,127.50. Following the sale, the vice president now owns 5,827 shares in the company, valued at approximately $876,264.26. The disclosure for this sale can be found here. Insiders sold 9,186 shares of company stock worth $1,399,442 over the last quarter. Company insiders own 3.20% of the company’s stock.
A number of brokerages have issued reports on KWR. Zacks Investment Research raised shares of Quaker Chemical from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a report on Wednesday, March 14th. ValuEngine raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. TheStreet lowered shares of Quaker Chemical from a “b” rating to a “c+” rating in a research report on Monday, March 5th. Seaport Global Securities reiterated a “hold” rating and issued a $165.00 price target on shares of Quaker Chemical in a research report on Friday, March 16th. Finally, B. Riley set a $165.00 price target on shares of Quaker Chemical and gave the company a “hold” rating in a research report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $164.00.
KWR stock opened at $151.77 on Monday. The company has a market capitalization of $2,032.11, a PE ratio of 30.29, a price-to-earnings-growth ratio of 2.47 and a beta of 1.30. Quaker Chemical Corp has a 12 month low of $129.98 and a 12 month high of $165.93. The company has a current ratio of 2.63, a quick ratio of 2.06 and a debt-to-equity ratio of 0.15.
Quaker Chemical (NYSE:KWR) last released its quarterly earnings results on Wednesday, February 28th. The specialty chemicals company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.26 by $0.01. The business had revenue of $211.10 million for the quarter, compared to analyst estimates of $208.07 million. Quaker Chemical had a net margin of 2.47% and a return on equity of 15.48%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.26 earnings per share. equities analysts anticipate that Quaker Chemical Corp will post 5.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be given a $0.355 dividend. The ex-dividend date of this dividend is Friday, April 13th. This represents a $1.42 annualized dividend and a dividend yield of 0.94%. Quaker Chemical’s dividend payout ratio is presently 28.34%.
Quaker Chemical Company Profile
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. Its products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.
Want to see what other hedge funds are holding KWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quaker Chemical Corp (NYSE:KWR).
Receive News & Ratings for Quaker Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quaker Chemical and related companies with MarketBeat.com's FREE daily email newsletter.