Quaker Chemical Corp. (KWR) Sets New 1-Year High at $97.35
Shares of Quaker Chemical Corp. (NYSE:KWR) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $97.35 and last traded at $96.84, with a volume of 11,755 shares traded. The stock had previously closed at $95.77.
KWR has been the subject of a number of research analyst reports. Jefferies Group reaffirmed a “hold” rating on shares of Quaker Chemical Corp. in a report on Sunday. Zacks Investment Research downgraded shares of Quaker Chemical Corp. from a “buy” rating to a “hold” rating in a report on Thursday, July 7th. Finally, Seaport Global Securities downgraded shares of Quaker Chemical Corp. from an “accumulate” rating to a “neutral” rating and set a $94.00 price objective for the company. in a report on Monday, May 2nd.
The firm has a market capitalization of $1.28 billion and a price-to-earnings ratio of 23.85. The firm has a 50 day moving average of $90.20 and a 200-day moving average of $82.79.
Quaker Chemical Corp. (NYSE:KWR) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.01. The company had revenue of $178.10 million for the quarter, compared to the consensus estimate of $181.63 million. During the same quarter in the previous year, the business earned $0.94 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, analysts anticipate that Quaker Chemical Corp. will post $4.56 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 15th will be issued a dividend of $0.345 per share. This is a boost from Quaker Chemical Corp.’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Wednesday, July 13th. This represents a $1.38 dividend on an annualized basis and a yield of 1.43%.
In other Quaker Chemical Corp. news, VP Joseph F. Matrange sold 4,000 shares of the firm’s stock in a transaction dated Friday, April 22nd. The shares were sold at an average price of $90.00, for a total transaction of $360,000.00. Following the transaction, the vice president now owns 1,584 shares of the company’s stock, valued at approximately $142,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP L Wilbert Platzer sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $85.58, for a total transaction of $128,370.00. Following the transaction, the vice president now directly owns 8,389 shares in the company, valued at approximately $717,930.62. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have bought and sold shares of KWR. First Trust Advisors LP increased 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 worth $1,005,000 after buying an additional 5,482 shares during the period. California State Teachers Retirement System increased its position in Quaker Chemical Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 24,749 shares of the company’s stock worth $1,912,000 after buying an additional 400 shares during the period. Rhumbline Advisers increased its position in Quaker Chemical Corp. by 4.5% in the fourth quarter. Rhumbline Advisers now owns 25,442 shares of the company’s stock worth $1,966,000 after buying an additional 1,100 shares during the period. Principal Financial Group Inc. increased 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 worth $7,013,000 after buying an additional 3,386 shares during the period. Finally, Aberdeen Asset Management PLC UK increased 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 worth $13,002,000 after buying an additional 32,700 shares during the period.
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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