BTIM Corp. decreased its holdings in Quaker Chemical Corp (NYSE:KWR) by 20.7% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 51,049 shares of the specialty chemicals company’s stock after selling 13,305 shares during the period. BTIM Corp.’s holdings in Quaker Chemical were worth $10,227,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Legal & General Group Plc raised its holdings in Quaker Chemical by 1.6% in the fourth quarter. Legal & General Group Plc now owns 31,483 shares of the specialty chemicals company’s stock valued at $5,594,000 after buying an additional 507 shares during the period. 361 Capital LLC acquired a new stake in Quaker Chemical in the fourth quarter valued at approximately $2,308,000. Vanguard Group Inc. grew its position 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 in the last quarter. Kimelman & Baird LLC grew its position in Quaker Chemical by 4.0% in the fourth quarter. Kimelman & Baird LLC now owns 2,610 shares of the specialty chemicals company’s stock valued at $464,000 after acquiring an additional 100 shares in the last quarter. Finally, Hanseatic Management Services Inc. acquired a new stake in Quaker Chemical in the fourth quarter valued at approximately $107,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.
In other news, insider Shane Hostetter sold 1,892 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $207.51, for a total transaction of $392,608.92. Following the completion of the sale, the insider now owns 1,303 shares of the company’s stock, valued at $270,385.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is currently owned by company insiders.
Shares of NYSE:KWR opened at $217.74 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.76 and a quick ratio of 2.14. Quaker Chemical Corp has a 52-week low of $137.95 and a 52-week high of $218.71. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 2.76 and a beta of 1.39.
Quaker Chemical (NYSE:KWR) last issued its quarterly earnings data on Thursday, February 28th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.11. Quaker Chemical had a net margin of 6.86% and a return on equity of 18.88%. The company had revenue of $211.48 million during the quarter, compared to the consensus estimate of $215.90 million. On average, analysts anticipate that Quaker Chemical Corp will post 7.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Monday, April 15th. Quaker Chemical’s payout ratio is currently 24.50%.
Several analysts have issued reports on the stock. Janney Montgomery Scott reaffirmed a “neutral” rating and issued a $198.00 price objective on shares of Quaker Chemical in a research report on Tuesday, January 29th. Zacks Investment Research downgraded shares of Quaker Chemical from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Quaker Chemical in a research report on Tuesday, February 5th. Five investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $187.25.
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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. The company's 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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