Quaker Chemical Corp (KWR) Stake Maintained by Eagle Asset Management Inc
Eagle Asset Management Inc
disclosed that they own 8.2% of Quaker Chemical Corp (NYSE:KWR) in a Schedule 13G/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Tuesday, January 9th. The investor owns 1,088,226 shares of the stock valued at $166,498,578. The filing is available through EDGAR at this link.
Several other institutional investors have also recently added to or reduced their stakes in KWR. California Public Employees Retirement System boosted its holdings in shares of Quaker Chemical by 2.5% during the 3rd quarter. California Public Employees Retirement System now owns 51,248 shares of the specialty chemicals company’s stock worth $7,582,000 after buying an additional 1,248 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in shares of Quaker Chemical by 82.8% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 3,094 shares of the specialty chemicals company’s stock worth $458,000 after buying an additional 1,401 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Quaker Chemical by 1.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 77,455 shares of the specialty chemicals company’s stock worth $11,460,000 after buying an additional 1,401 shares during the period. Citadel Advisors LLC bought a new stake in shares of Quaker Chemical during the 3rd quarter worth about $290,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Quaker Chemical by 17.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 638,073 shares of the specialty chemicals company’s stock worth $95,041,000 after buying an additional 94,167 shares during the period. Institutional investors own 84.06% of the company’s stock.
Several analysts recently commented on KWR shares. Zacks Investment Research raised shares of Quaker Chemical from a “hold” rating to a “buy” rating and set a $171.00 target price for the company in a report on Wednesday, November 1st. FBR & Co set a $165.00 target price on shares of Quaker Chemical and gave the stock a “hold” rating in a report on Friday, October 27th. ValuEngine downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, B. Riley set a $165.00 price objective on shares of Quaker Chemical and gave the company a “hold” rating in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Quaker Chemical has an average rating of “Hold” and an average price target of $163.50.
Quaker Chemical Corp (NYSE KWR) traded up $0.03 during midday trading on Tuesday, reaching $153.00. 79,400 shares of the company’s stock were exchanged, compared to its average volume of 69,320. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 0.16. The company has a market cap of $2,040.00, a P/E ratio of 42.74, a P/E/G ratio of 2.50 and a beta of 1.36. Quaker Chemical Corp has a 52-week low of $124.92 and a 52-week high of $165.93.
Quaker Chemical (NYSE:KWR) last posted its quarterly earnings data on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.06. The firm had revenue of $212.90 million during the quarter, compared to the consensus estimate of $200.71 million. Quaker Chemical had a net margin of 5.93% and a return on equity of 15.43%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 EPS. research analysts forecast that Quaker Chemical Corp will post 5 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Tuesday, January 16th. Quaker Chemical’s dividend payout ratio is currently 39.66%.
In other Quaker Chemical news, VP D Jeffry Benoliel sold 5,981 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $162.21, for a total value of $970,178.01. Following the completion of the sale, the vice president now owns 21,429 shares of the company’s stock, valued at approximately $3,475,998.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Douglas sold 1,575 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $164.23, for a total transaction of $258,662.25. The disclosure for this sale can be found here. Insiders sold a total of 23,938 shares of company stock valued at $3,786,305 in the last three months. Insiders own 3.60% of the company’s stock.
Quaker Chemical 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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