Quaker Chemical Corp. (KWR) Hits New 1-Year High at $96.11
Shares of Quaker Chemical Corp. (NYSE:KWR) hit a new 52-week high during trading on Tuesday . The stock traded as high as $96.11 and last traded at $93.88, with a volume of 93,318 shares changing hands. The stock had previously closed at $91.33.
Several analysts recently commented on KWR shares. Jefferies Group reiterated a “hold” rating and issued a $80.00 target price on shares of Quaker Chemical Corp. in a report on Wednesday, March 23rd. Seaport Global Securities cut Quaker Chemical Corp. from an “accumulate” rating to a “neutral” rating and set a $94.00 target price on the stock. in a report on Monday, May 2nd. Finally, Zacks Investment Research cut Quaker Chemical Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, May 3rd.
The stock’s 50-day moving average is $88.67 and its 200 day moving average is $82.12. The firm has a market cap of $1.24 billion and a PE ratio of 23.19.
Quaker Chemical Corp. (NYSE:KWR) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.01. During the same quarter in the previous year, the firm posted $0.94 EPS. The company had revenue of $178.10 million for the quarter, compared to analysts’ expectations of $181.63 million. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, equities research analysts anticipate that Quaker Chemical Corp. will post $4.56 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 15th will be paid a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Wednesday, July 13th. This is a positive change from Quaker Chemical Corp.’s previous quarterly dividend of $0.32.
In other news, VP L Wilbert Platzer sold 1,500 shares of the business’s stock in a transaction on Friday, May 6th. The stock was sold at an average price of $85.58, for a total value of $128,370.00. Following the completion of the transaction, the vice president now owns 8,389 shares in the company, valued at $717,930.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joseph F. Matrange sold 4,000 shares of the business’s stock in a transaction on Friday, April 22nd. The stock was sold at an average price of $90.00, for a total value of $360,000.00. Following the completion of the transaction, the vice president now owns 1,584 shares of the company’s stock, valued at approximately $142,560. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have bought and sold shares of the company. Wells Fargo & Company MN boosted its position in Quaker Chemical Corp. by 32.8% in the fourth quarter. Wells Fargo & Company MN now owns 395,854 shares of the company’s stock valued at $30,583,000 after buying an additional 97,749 shares in the last quarter. Victory Capital Management Inc. boosted its position in Quaker Chemical Corp. by 23.2% in the fourth quarter. Victory Capital Management Inc. now owns 308,599 shares of the company’s stock valued at $23,842,000 after buying an additional 58,200 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its position in Quaker Chemical Corp. by 24.8% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 164,600 shares of the company’s stock valued at $13,002,000 after buying an additional 32,700 shares in the last quarter. First Trust Advisors LP boosted its position in Quaker Chemical Corp. by 72.9% in the fourth quarter. First Trust Advisors LP now owns 13,002 shares of the company’s stock valued at $1,005,000 after buying an additional 5,482 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Quaker Chemical Corp. by 3.9% in the fourth quarter. Principal Financial Group Inc. now owns 90,769 shares of the company’s stock valued at $7,013,000 after buying an additional 3,386 shares in the last quarter.
Quaker Chemical Corporation is engaged in providing process fluids, chemical specialties and technical expertise to a range of industries, including steel, aluminum, automotive, mining, aerospace, tube and pipe, cans and others. The Company operates through four segments: North America, the Europe; Middle East and Africa (EMEA); Asia/Pacific, and South America.
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