Macquarie Group Ltd. reduced its position in Quaker Chemical Corporation (NYSE:KWR) by 2.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 262,056 shares of the specialty chemicals company’s stock after selling 5,241 shares during the period. Macquarie Group Ltd. owned 1.97% of Quaker Chemical worth $38,771,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in KWR. Shell Asset Management Co. purchased a new position in Quaker Chemical during the 3rd quarter valued at about $3,910,000. ProShare Advisors LLC grew its holdings in shares of Quaker Chemical by 2,750.2% during the second quarter. ProShare Advisors LLC now owns 51,189 shares of the specialty chemicals company’s stock worth $7,434,000 after purchasing an additional 49,393 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Quaker Chemical by 6.5% during the second quarter. Neuberger Berman Group LLC now owns 610,234 shares of the specialty chemicals company’s stock worth $88,624,000 after purchasing an additional 37,365 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Quaker Chemical by 6.5% during the second quarter. JPMorgan Chase & Co. now owns 543,906 shares of the specialty chemicals company’s stock worth $78,991,000 after purchasing an additional 33,085 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Quaker Chemical by 9.1% during the first quarter. State Street Corp now owns 312,700 shares of the specialty chemicals company’s stock worth $41,168,000 after purchasing an additional 26,070 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.
Shares of Quaker Chemical Corporation (KWR) traded down $1.31 during mid-day trading on Thursday, reaching $154.86. The company’s stock had a trading volume of 57,599 shares, compared to its average volume of 57,601. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $2,070.00, a P/E ratio of 31.26, a P/E/G ratio of 2.85 and a beta of 1.35. Quaker Chemical Corporation has a 12-month low of $124.92 and a 12-month high of $165.93.
Quaker Chemical (NYSE:KWR) last announced its earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.06. The company had revenue of $212.90 million during the quarter, compared to the consensus estimate of $200.71 million. Quaker Chemical had a return on equity of 15.43% and a net margin of 5.93%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 earnings per share. equities analysts forecast that Quaker Chemical Corporation will post 5 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be paid a $0.355 dividend. The ex-dividend date is Tuesday, January 16th. This represents a $1.42 annualized dividend and a yield of 0.92%. Quaker Chemical’s payout ratio is 39.66%.
In related news, Director Adrian Steeples sold 4,911 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $155.71, for a total value of $764,691.81. Following the sale, the director now directly owns 6,193 shares of the company’s stock, valued at $964,312.03. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William Roland Cook sold 2,500 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $160.78, for a total value of $401,950.00. Following the completion of the sale, the director now directly owns 7,531 shares in the company, valued at $1,210,834.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,938 shares of company stock worth $4,081,305. 3.60% of the stock is owned by insiders.
KWR has been the subject of several recent analyst reports. BidaskClub lowered Quaker Chemical from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Jefferies Group reaffirmed a “hold” rating and issued a $153.00 target price on shares of Quaker Chemical in a research note on Sunday, September 3rd. Zacks Investment Research lowered Quaker Chemical from a “hold” rating to a “sell” rating in a research note on Saturday, September 9th. FBR & Co set a $165.00 target price on Quaker Chemical and gave the stock a “hold” rating in a research note on Friday, October 27th. Finally, B. Riley reaffirmed a “neutral” rating on shares of Quaker Chemical in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Quaker Chemical has a consensus rating of “Hold” and a consensus price target of $163.50.
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Quaker Chemical Profile
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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