First Trust Advisors LP Has $709,000 Stake in Quaker Chemical Corp. (KWR)
First Trust Advisors LP boosted its position in Quaker Chemical Corp. (NYSE:KWR) by 52.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 7,950 shares of the company’s stock after buying an additional 2,737 shares during the period. First Trust Advisors LP owned about 0.06% of Quaker Chemical Corp. worth $709,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. Bank of Montreal Can purchased a new stake in shares of Quaker Chemical Corp. during the second quarter worth $195,000. Clark Capital Management Group Inc. purchased a new stake in shares of Quaker Chemical Corp. during the first quarter worth $374,000. Capstone Asset Management Co. boosted its stake in shares of Quaker Chemical Corp. by 6.0% in the second quarter. Capstone Asset Management Co. now owns 4,413 shares of the company’s stock worth $394,000 after buying an additional 250 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Quaker Chemical Corp. by 99.4% in the second quarter. BNP Paribas Arbitrage SA now owns 4,494 shares of the company’s stock worth $401,000 after buying an additional 2,240 shares during the last quarter. Finally, Suntrust Banks Inc. boosted 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 during the last quarter. Institutional investors and hedge funds own 82.24% of the company’s stock.
Shares of Quaker Chemical Corp. (NYSE:KWR) traded down 2.14% during midday trading on Friday, reaching $103.12. 48,855 shares of the company’s stock traded hands. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 25.47 and a beta of 1.43. Quaker Chemical Corp. has a 52-week low of $68.20 and a 52-week high of $106.92. The stock has a 50 day moving average of $100.94 and a 200-day moving average of $92.39.
Quaker Chemical Corp. (NYSE:KWR) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.02. The company earned $186.91 million during the quarter, compared to analysts’ expectations of $187.77 million. Quaker Chemical Corp. had a net margin of 7.28% and a return on equity of 15.21%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $1.15 EPS. On average, equities research analysts expect that Quaker Chemical Corp. will post $4.55 EPS for the current year.
The firm also recently declared 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. The ex-dividend date is Thursday, October 13th. This represents a $1.38 annualized dividend and a dividend yield of 1.34%. Quaker Chemical Corp.’s dividend payout ratio is currently 34.07%.
KWR has been the subject of several research analyst reports. Jefferies Group reiterated a “hold” rating on shares of Quaker Chemical Corp. in a research note on Sunday, July 17th. Zacks Investment Research cut shares of Quaker Chemical Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th.
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.
Want to see what other hedge funds are holding KWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quaker Chemical Corp. (NYSE:KWR).
Receive News & Ratings for Quaker Chemical Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quaker Chemical Corp. and related companies with MarketBeat.com's FREE daily email newsletter.