Quaker Chemical Corp (NYSE:KWR) Director Joseph A. Berquist sold 266 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $210.00, for a total transaction of $55,860.00. Following the completion of the transaction, the director now directly owns 9,911 shares of the company’s stock, valued at approximately $2,081,310. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Quaker Chemical stock traded down $2.16 during mid-day trading on Thursday, reaching $195.67. The company’s stock had a trading volume of 738 shares, compared to its average volume of 45,347. The company has a market cap of $2.64 billion, a P/E ratio of 38.60, a price-to-earnings-growth ratio of 3.01 and a beta of 1.39. Quaker Chemical Corp has a 12 month low of $137.95 and a 12 month high of $217.15. The company has a current ratio of 2.72, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11.
Quaker Chemical (NYSE:KWR) last released its earnings results on Thursday, November 1st. The specialty chemicals company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.07. The business had revenue of $222.02 million during the quarter, compared to the consensus estimate of $221.31 million. Quaker Chemical had a net margin of 4.83% and a return on equity of 18.36%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.32 earnings per share. On average, equities research analysts forecast that Quaker Chemical Corp will post 5.97 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Thursday, January 17th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, January 16th. Quaker Chemical’s dividend payout ratio (DPR) is currently 29.54%.
A number of research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Quaker Chemical from a “hold” rating to a “sell” rating in a research report on Thursday, November 8th. Sidoti raised their target price on shares of Quaker Chemical from $151.00 to $176.00 and gave the company a “neutral” rating in a research report on Wednesday, October 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $179.40.
A number of institutional investors have recently added to or reduced their stakes in KWR. Belpointe Asset Management LLC acquired a new stake in Quaker Chemical in the third quarter valued at $101,000. Vanguard Group Inc. lifted its stake in Quaker Chemical by 1.7% in the third quarter. Vanguard Group Inc. now owns 1,428,100 shares of the specialty chemicals company’s stock valued at $288,776,000 after acquiring an additional 23,996 shares during the last quarter. Legal & General Group Plc lifted its stake in Quaker Chemical by 7.6% in the third quarter. Legal & General Group Plc now owns 30,976 shares of the specialty chemicals company’s stock valued at $6,241,000 after acquiring an additional 2,185 shares during the last quarter. Teachers Advisors LLC lifted its stake in Quaker Chemical by 2.7% in the third quarter. Teachers Advisors LLC now owns 27,153 shares of the specialty chemicals company’s stock valued at $5,491,000 after acquiring an additional 715 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in Quaker Chemical by 23.4% in the third quarter. Macquarie Group Ltd. now owns 340,203 shares of the specialty chemicals company’s stock valued at $68,792,000 after acquiring an additional 64,472 shares during the last quarter. 94.36% of the stock is owned by institutional investors and hedge funds.
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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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