Quaker Chemical Corp. (KWR) Stake Raised by Swiss National Bank
Swiss National Bank raised its position in Quaker Chemical Corp. (NYSE:KWR) by 1.4% during the second quarter, Holdings Channel reports. The institutional investor owned 21,800 shares of the company’s stock after buying an additional 300 shares during the period. Swiss National Bank owned approximately 0.16% of Quaker Chemical Corp. worth $1,945,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of KWR. Suntrust Banks Inc. raised its stake in shares of Quaker Chemical Corp. by 5.5% in the second quarter. Suntrust Banks Inc. now owns 4,708 shares of the company’s stock worth $418,000 after buying an additional 246 shares in the last quarter. Aberdeen Asset Management PLC UK raised its stake in shares of Quaker Chemical Corp. by 52.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 314,268 shares of the company’s stock worth $28,032,000 after buying an additional 107,950 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of Quaker Chemical Corp. by 17.9% in the second quarter. GW&K Investment Management LLC now owns 81,759 shares of the company’s stock worth $7,293,000 after buying an additional 12,393 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Quaker Chemical Corp. by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 5,900 shares of the company’s stock worth $526,000 after buying an additional 100 shares in the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Quaker Chemical Corp. during the second quarter worth $195,000. Hedge funds and other institutional investors own 82.24% of the company’s stock.
Quaker Chemical Corp. (NYSE:KWR) traded up 2.23% on Wednesday, hitting $100.80. The stock had a trading volume of 78,761 shares. The stock’s 50-day moving average is $98.49 and its 200 day moving average is $90.55. Quaker Chemical Corp. has a 1-year low of $68.20 and a 1-year high of $103.21. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 24.90 and a beta of 1.60.
Quaker Chemical Corp. (NYSE:KWR) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.02. Quaker Chemical Corp. had a return on equity of 15.21% and a net margin of 7.28%. The business had revenue of $186.91 million for the quarter, compared to the consensus estimate of $187.77 million. During the same period in the prior year, the business posted $1.15 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts predict that Quaker Chemical Corp. will post $4.55 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 17th will be paid a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 1.37%. Quaker Chemical Corp.’s dividend payout ratio is 34.07%.
KWR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Quaker Chemical Corp. from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Tuesday, July 5th. Jefferies Group restated a “hold” rating on shares of Quaker Chemical Corp. in a research note on Sunday, July 17th.
About Quaker Chemical Corp.
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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