Credit Suisse AG decreased its position in Quaker Chemical Corporation (NYSE:KWR) by 35.7% during the first quarter, Holdings Channel reports. The firm owned 16,048 shares of the specialty chemicals company’s stock after selling 8,929 shares during the period. Credit Suisse AG’s holdings in Quaker Chemical Corporation were worth $2,112,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Quaker Chemical Corporation by 9.1% in the first quarter. State Street Corp now owns 312,700 shares of the specialty chemicals company’s stock worth $41,168,000 after buying an additional 26,070 shares during the period. Bank of America Corp DE increased its position in shares of Quaker Chemical Corporation by 14.6% in the first quarter. Bank of America Corp DE now owns 80,278 shares of the specialty chemicals company’s stock worth $10,570,000 after buying an additional 10,231 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Quaker Chemical Corporation during the first quarter worth approximately $514,000. Schwab Charles Investment Management Inc. increased its position in shares of Quaker Chemical Corporation by 9.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 73,581 shares of the specialty chemicals company’s stock worth $9,688,000 after buying an additional 6,297 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Quaker Chemical Corporation by 82,132.2% in the first quarter. BlackRock Inc. now owns 1,568,991 shares of the specialty chemicals company’s stock worth $206,573,000 after buying an additional 1,567,083 shares in the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Shares of Quaker Chemical Corporation (KWR) traded up 1.732% during mid-day trading on Wednesday, hitting $137.878. 7,067 shares of the stock were exchanged. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 35.048 and a beta of 1.22. Quaker Chemical Corporation has a 1-year low of $96.09 and a 1-year high of $154.38. The company’s 50-day moving average is $145.46 and its 200-day moving average is $138.36.

Quaker Chemical Corporation (NYSE:KWR) last announced its earnings results on Thursday, July 27th. The specialty chemicals company reported $1.24 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.24. The company had revenue of $201.18 million during the quarter, compared to analysts’ expectations of $197.23 million. Quaker Chemical Corporation had a net margin of 6.73% and a return on equity of 15.52%. Quaker Chemical Corporation’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.11 earnings per share. Equities research analysts anticipate that Quaker Chemical Corporation will post $4.93 earnings per share for the current fiscal year.

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A number of brokerages have recently commented on KWR. BidaskClub downgraded shares of Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Zacks Investment Research downgraded shares of Quaker Chemical Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. FBR & Co reissued a “marketperform” rating on shares of Quaker Chemical Corporation in a research report on Tuesday, July 11th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $153.00 price target on shares of Quaker Chemical Corporation in a report on Wednesday, July 19th.

In other news, VP D Jeffry Benoliel sold 3,000 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $137.69, for a total value of $413,070.00. Following the completion of the sale, the vice president now owns 26,114 shares of the company’s stock, valued at $3,595,636.66. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Donald R. Caldwell sold 1,800 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $139.55, for a total transaction of $251,190.00. Following the completion of the sale, the director now directly owns 9,281 shares of the company’s stock, valued at approximately $1,295,163.55. The disclosure for this sale can be found here. In the last three months, insiders sold 5,800 shares of company stock valued at $802,860. 3.60% of the stock is currently owned by company insiders.

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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