Quaker Chemical Corp (NYSE:KWR) VP Joseph A. Berquist sold 234 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $210.50, for a total transaction of $49,257.00. Following the completion of the transaction, the vice president now directly owns 10,177 shares of the company’s stock, valued at approximately $2,142,258.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Quaker Chemical stock traded up $1.01 during mid-day trading on Wednesday, hitting $204.49. The stock had a trading volume of 82,618 shares, compared to its average volume of 86,738. The company has a market capitalization of $2.72 billion, a P/E ratio of 40.82, a P/E/G ratio of 3.09 and a beta of 1.37. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.72. Quaker Chemical Corp has a one year low of $137.95 and a one year high of $211.14.
Quaker Chemical (NYSE:KWR) last announced its quarterly earnings results on Thursday, November 1st. The specialty chemicals company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.53 by $0.07. The business had revenue of $222.02 million for the quarter, compared to analysts’ expectations of $221.31 million. Quaker Chemical had a net margin of 4.83% and a return on equity of 18.36%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.32 EPS. Analysts forecast that Quaker Chemical Corp will post 5.99 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 17th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.72%. The ex-dividend date was Tuesday, October 16th. Quaker Chemical’s payout ratio is currently 29.54%.
Several research analysts recently weighed in on KWR shares. Zacks Investment Research downgraded shares of Quaker Chemical from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. Janney Montgomery Scott started coverage on shares of Quaker Chemical in a report on Friday, July 13th. They issued a “neutral” rating and a $170.00 target price for the company. B. Riley set a $170.00 target price on shares of Quaker Chemical and gave the stock a “hold” rating in a report on Tuesday, July 31st. Finally, Sidoti upped their target price on shares of Quaker Chemical from $151.00 to $176.00 and gave the stock a “neutral” rating in a report on Wednesday, October 10th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Quaker Chemical currently has a consensus rating of “Hold” and a consensus price target of $179.40.
A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in Quaker Chemical by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 720,324 shares of the specialty chemicals company’s stock worth $145,658,000 after purchasing an additional 18,869 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in Quaker Chemical in the 3rd quarter worth $104,000. SRS Capital Advisors Inc. purchased a new stake in Quaker Chemical in the 3rd quarter worth $1,700,000. CIBC Asset Management Inc purchased a new stake in Quaker Chemical in the 3rd quarter worth $203,000. Finally, WealthTrust Axiom LLC purchased a new stake in Quaker Chemical in the 3rd quarter worth $202,000. Institutional investors and hedge funds own 93.68% of the company’s stock.
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About Quaker Chemical
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.
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