Russell Investments Group Ltd. grew its position in shares of Quaker Chemical Corporation (NYSE:KWR) by 52.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,818 shares of the specialty chemicals company’s stock after purchasing an additional 20,289 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.44% of Quaker Chemical worth $8,702,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its holdings in Quaker Chemical by 0.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,929 shares of the specialty chemicals company’s stock worth $571,000 after acquiring an additional 25 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Quaker Chemical by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,067 shares of the specialty chemicals company’s stock worth $1,463,000 after acquiring an additional 26 shares in the last quarter. Stifel Financial Corp increased its holdings in Quaker Chemical by 0.9% in the 2nd quarter. Stifel Financial Corp now owns 3,011 shares of the specialty chemicals company’s stock worth $436,000 after acquiring an additional 28 shares in the last quarter. Amalgamated Bank increased its holdings in Quaker Chemical by 5.1% in the 2nd quarter. Amalgamated Bank now owns 1,810 shares of the specialty chemicals company’s stock worth $263,000 after acquiring an additional 88 shares in the last quarter. Finally, Texas Permanent School Fund increased its holdings in Quaker Chemical by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 9,704 shares of the specialty chemicals company’s stock worth $1,409,000 after acquiring an additional 89 shares in the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.
Shares of Quaker Chemical Corporation (NYSE:KWR) traded down $0.46 on Thursday, reaching $156.17. 37,400 shares of the company’s stock traded hands, compared to its average volume of 57,612. Quaker Chemical Corporation has a 52 week low of $124.92 and a 52 week high of $165.93. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.25 and a current ratio of 2.83. The firm has a market cap of $2,083.07, a PE ratio of 31.26, a PEG ratio of 2.85 and a beta of 1.35.
Quaker Chemical (NYSE:KWR) last announced its earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.06. Quaker Chemical had a net margin of 5.93% and a return on equity of 15.43%. The company had revenue of $212.90 million for the quarter, compared to analysts’ expectations of $200.71 million. During the same quarter in the previous year, the company posted $1.25 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. sell-side analysts predict that Quaker Chemical Corporation will post 5 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be paid a dividend of $0.355 per share. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $1.42 annualized dividend and a yield of 0.91%. Quaker Chemical’s dividend payout ratio (DPR) is presently 40.00%.
Several equities research analysts recently commented on KWR shares. Zacks Investment Research raised shares of Quaker Chemical from a “hold” rating to a “buy” rating and set a $171.00 price target for the company in a report on Wednesday, November 1st. FBR & Co set a $165.00 price target on shares of Quaker Chemical and gave the stock a “hold” rating in a report on Friday, October 27th. Jefferies Group reissued a “hold” rating and issued a $153.00 price target on shares of Quaker Chemical in a report on Sunday, September 3rd. BidaskClub raised shares of Quaker Chemical from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Finally, ValuEngine lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Quaker Chemical currently has an average rating of “Hold” and an average target price of $163.50.
In other Quaker Chemical news, Director Adrian Steeples sold 4,911 shares of Quaker Chemical stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $155.71, for a total transaction of $764,691.81. Following the sale, the director now owns 6,193 shares of the company’s stock, valued at approximately $964,312.03. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jan Nieman sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the transaction, the vice president now directly owns 14,636 shares in the company, valued at approximately $2,122,220. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,938 shares of company stock worth $4,081,305. 3.60% of the stock is currently owned by corporate insiders.
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Quaker Chemical Company 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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