Quaker Chemical Corp. (KWR) Sees Strong Trading Volume
Shares of Quaker Chemical Corp. (NYSE:KWR) saw unusually-strong trading volume on Monday . Approximately 80,356 shares were traded during mid-day trading, an increase of 58% from the previous session’s volume of 51,006 shares.The stock last traded at $96.60 and had previously closed at $95.66.
Several analysts have weighed in on KWR shares. Zacks Investment Research cut Quaker Chemical Corp. from a “buy” rating to a “hold” rating in a report on Thursday, July 7th. Seaport Global Securities cut 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. Finally, Jefferies Group reissued a “hold” rating on shares of Quaker Chemical Corp. in a report on Sunday, July 17th.
The company has a market capitalization of $1.28 billion and a P/E ratio of 23.96. The company’s 50 day moving average price is $91.75 and its 200 day moving average price is $84.36.
Quaker Chemical Corp. (NYSE:KWR) last released its earnings results on Wednesday, July 27th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.02. During the same period last year, the company posted $1.15 earnings per share. The company had revenue of $186.91 million for the quarter, compared to analyst estimates of $187.77 million. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities analysts predict that Quaker Chemical Corp. will post $4.56 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 1.42%. This is a boost from Quaker Chemical Corp.’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, July 13th.
In other news, VP L Wilbert Platzer sold 1,500 shares of the stock in a transaction on Friday, May 6th. The stock was sold at an average price of $85.58, for a total transaction of $128,370.00. Following the sale, the vice president now directly owns 8,389 shares of the company’s stock, valued at approximately $717,930.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Other hedge funds have added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake 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 during the period. Victory Capital Management Inc. raised its stake 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 during the period. Aberdeen Asset Management PLC UK raised its stake 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 during the period. First Trust Advisors LP raised its stake 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 during the period. Finally, Principal Financial Group Inc. raised its stake 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 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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