Quaker Chemical Corp (KWR) Director Adrian Steeples Sells 1,957 Shares
Quaker Chemical Corp (NYSE:KWR) Director Adrian Steeples sold 1,957 shares of Quaker Chemical stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $150.34, for a total transaction of $294,215.38. Following the completion of the sale, the director now directly owns 5,101 shares of the company’s stock, valued at approximately $766,884.34. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Quaker Chemical Corp (NYSE KWR) opened at $157.99 on Friday. The company has a market cap of $2,102.37, a price-to-earnings ratio of 31.47, a P/E/G ratio of 2.63 and a beta of 1.34. Quaker Chemical Corp has a twelve month low of $126.18 and a twelve month high of $165.93. The company has a quick ratio of 2.06, a current ratio of 2.63 and a debt-to-equity ratio of 0.15.
Quaker Chemical (NYSE:KWR) last announced its earnings results on Wednesday, February 28th. The specialty chemicals company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.26 by $0.01. The firm had revenue of $211.10 million for the quarter, compared to the consensus estimate of $208.07 million. Quaker Chemical had a net margin of 2.47% and a return on equity of 15.48%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 EPS. analysts expect that Quaker Chemical Corp will post 5.46 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Quaker Chemical from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. B. Riley set a $165.00 price objective on shares of Quaker Chemical and gave the company a “hold” rating in a research note on Monday, November 20th. ValuEngine lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, TheStreet lowered shares of Quaker Chemical from a “b” rating to a “c+” rating in a research note on Monday, March 5th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $163.50.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB bought a new position in Quaker Chemical in the 4th quarter worth $223,000. BRYN MAWR TRUST Co raised its holdings in Quaker Chemical by 2.3% in the 4th quarter. BRYN MAWR TRUST Co now owns 46,519 shares of the specialty chemicals company’s stock worth $7,014,000 after acquiring an additional 1,046 shares during the period. Sterling Capital Management LLC bought a new position in Quaker Chemical in the 4th quarter worth $1,024,000. MetLife Investment Advisors LLC bought a new position in Quaker Chemical in the 4th quarter worth $880,000. Finally, Millennium Management LLC bought a new position in Quaker Chemical in the 4th quarter worth $320,000. Hedge funds and other institutional investors own 91.22% of the company’s stock.
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About Quaker Chemical
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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