United Services Automobile Association cut its position in shares of Quaker Chemical Corporation (NYSE:KWR) by 6.8% during the first quarter, Holdings Channel reports. The fund owned 24,809 shares of the specialty chemicals company’s stock after selling 1,800 shares during the period. United Services Automobile Association’s holdings in Quaker Chemical Corporation were worth $3,266,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of KWR. Russell Investments Group Ltd. acquired a new stake in shares of Quaker Chemical Corporation during the fourth quarter worth $4,529,000. Comerica Bank increased its stake in shares of Quaker Chemical Corporation by 5.5% in the fourth quarter. Comerica Bank now owns 14,243 shares of the specialty chemicals company’s stock valued at $1,810,000 after buying an additional 748 shares in the last quarter. State Street Corp increased its stake in shares of Quaker Chemical Corporation by 7.7% in the fourth quarter. State Street Corp now owns 286,630 shares of the specialty chemicals company’s stock valued at $36,678,000 after buying an additional 20,519 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Quaker Chemical Corporation by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 515,880 shares of the specialty chemicals company’s stock valued at $66,002,000 after buying an additional 2,580 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Quaker Chemical Corporation during the fourth quarter valued at approximately $329,000. Institutional investors and hedge funds own 83.44% of the company’s stock.

Institutional Ownership by Quarter for Quaker Chemical Corporation (NYSE:KWR)

Shares of Quaker Chemical Corporation (NYSE:KWR) traded down 0.69% during trading on Tuesday, reaching $143.48. 2,959 shares of the company traded hands. The stock has a market capitalization of $1.91 billion, a P/E ratio of 34.42 and a beta of 1.26. Quaker Chemical Corporation has a 12-month low of $82.40 and a 12-month high of $153.90. The firm’s 50 day moving average is $142.02 and its 200-day moving average is $134.81.

Quaker Chemical Corporation (NYSE:KWR) last posted its quarterly earnings results on Monday, May 1st. The specialty chemicals company reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.12. Quaker Chemical Corporation had a net margin of 7.26% and a return on equity of 15.46%. The firm had revenue of $194.91 million for the quarter, compared to analysts’ expectations of $186.33 million. During the same quarter in the prior year, the company posted $0.98 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities research analysts anticipate that Quaker Chemical Corporation will post $4.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be issued a dividend of $0.355 per share. This is a boost from Quaker Chemical Corporation’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, July 13th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 0.98%. Quaker Chemical Corporation’s dividend payout ratio is presently 33.09%.

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Several equities analysts recently weighed in on KWR shares. Zacks Investment Research raised shares of Quaker Chemical Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, March 7th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $153.00 price target on shares of Quaker Chemical Corporation in a research report on Thursday, April 6th.

In related news, Director Donald R. Caldwell sold 1,000 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $138.60, for a total transaction of $138,600.00. Following the transaction, the director now owns 9,210 shares in the company, valued at $1,276,506. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William Roland Cook sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $141.18, for a total transaction of $705,900.00. Following the transaction, the director now owns 7,585 shares in the company, valued at approximately $1,070,850.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,000 shares of company stock worth $2,397,570. Corporate insiders own 3.60% of the company’s stock.

Quaker Chemical Corporation Company Profile

Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others. The Company’s segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.

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