Bank of America Corp DE increased its stake in shares of Quaker Chemical Corporation (NYSE:KWR) by 14.6% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 80,278 shares of the specialty chemicals company’s stock after buying an additional 10,231 shares during the period. Bank of America Corp DE’s holdings in Quaker Chemical Corporation were worth $10,570,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Miles Capital Inc. boosted its stake in shares of Quaker Chemical Corporation by 1.8% in the first quarter. Miles Capital Inc. now owns 1,843 shares of the specialty chemicals company’s stock valued at $243,000 after buying an additional 32 shares during the period. Cutler Group LP boosted its stake in shares of Quaker Chemical Corporation by 1.4% in the first quarter. Cutler Group LP now owns 2,390 shares of the specialty chemicals company’s stock valued at $314,000 after buying an additional 34 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Quaker Chemical Corporation by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 1,470 shares of the specialty chemicals company’s stock valued at $193,000 after buying an additional 40 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in shares of Quaker Chemical Corporation by 1.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 3,030 shares of the specialty chemicals company’s stock valued at $399,000 after buying an additional 40 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Quaker Chemical Corporation by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 15,736 shares of the specialty chemicals company’s stock valued at $2,071,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 83.59% of the company’s stock.

Quaker Chemical Corporation (NYSE KWR) opened at 150.27 on Thursday. The firm’s 50-day moving average is $144.88 and its 200 day moving average is $137.14. Quaker Chemical Corporation has a 12-month low of $95.00 and a 12-month high of $153.90. The stock has a market capitalization of $2.00 billion, a P/E ratio of 36.04 and a beta of 1.23.

Quaker Chemical Corporation (NYSE:KWR) last issued its quarterly earnings results on Monday, May 1st. The specialty chemicals company reported $1.18 earnings per share 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 company had revenue of $194.91 million during the quarter, compared to the consensus estimate of $186.33 million. During the same period in the prior year, the company earned $0.98 EPS. Quaker Chemical Corporation’s revenue was up 9.5% on a year-over-year basis. Equities research analysts anticipate that Quaker Chemical Corporation will post $4.91 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Monday, July 17th will be issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 0.94%. This is an increase from Quaker Chemical Corporation’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, July 13th. Quaker Chemical Corporation’s dividend payout ratio is presently 34.05%.

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Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Quaker Chemical Corporation from a “hold” rating to a “buy” rating and set a $162.00 price objective for the company in a research note on Wednesday, June 21st. Jefferies Group LLC reiterated a “hold” rating and issued a $153.00 price objective on shares of Quaker Chemical Corporation in a research note on Wednesday. Finally, FBR & Co reiterated a “marketperform” rating on shares of Quaker Chemical Corporation in a research note on Tuesday, July 11th.

In other Quaker Chemical Corporation news, VP Dieter Laininger sold 8,000 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $142.50, for a total transaction of $1,140,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Roland Cook sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $141.18, for a total transaction of $705,900.00. Following the sale, the director now directly owns 7,585 shares of the company’s stock, valued at $1,070,850.30. The disclosure for this sale can be found here. Insiders have sold 17,000 shares of company stock valued at $2,397,570 over the last ninety days. Insiders own 3.60% of the company’s stock.

About Quaker Chemical Corporation

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

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