Quaker Chemical Corp (KWR) Shares Bought by Russell Investments Group Ltd.
Russell Investments Group Ltd. lifted its stake in Quaker Chemical Corp (NYSE:KWR) by 3.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,219 shares of the specialty chemicals company’s stock after purchasing an additional 1,839 shares during the quarter. Russell Investments Group Ltd. owned 0.47% of Quaker Chemical worth $9,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in shares of Quaker Chemical by 264.9% during the 2nd quarter. SG Americas Securities LLC now owns 7,531 shares of the specialty chemicals company’s stock worth $1,166,000 after buying an additional 5,467 shares during the last quarter. Strs Ohio raised its position in Quaker Chemical by 3.9% in the second quarter. Strs Ohio now owns 7,900 shares of the specialty chemicals company’s stock valued at $1,223,000 after purchasing an additional 300 shares during the last quarter. Rhumbline Advisers raised its position in Quaker Chemical by 1.7% in the second quarter. Rhumbline Advisers now owns 36,671 shares of the specialty chemicals company’s stock valued at $5,679,000 after purchasing an additional 607 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Quaker Chemical in the second quarter valued at about $436,000. Finally, Wells Fargo & Company MN raised its position in Quaker Chemical by 1.5% in the second quarter. Wells Fargo & Company MN now owns 210,842 shares of the specialty chemicals company’s stock valued at $32,654,000 after purchasing an additional 3,149 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.
In other news, VP L Wilbert Platzer sold 1,957 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $177.76, for a total value of $347,876.32. Following the transaction, the vice president now owns 6,927 shares in the company, valued at $1,231,343.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joseph A. Berquist sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $170.84, for a total value of $85,420.00. Following the completion of the transaction, the vice president now owns 11,411 shares in the company, valued at approximately $1,949,455.24. The disclosure for this sale can be found here. Insiders sold 7,520 shares of company stock valued at $1,295,774 in the last three months. Insiders own 3.20% of the company’s stock.
Quaker Chemical (NYSE:KWR) last released its earnings results on Monday, July 30th. The specialty chemicals company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.43 by $0.13. Quaker Chemical had a return on equity of 17.27% and a net margin of 3.89%. The business had revenue of $221.96 million during the quarter, compared to analysts’ expectations of $214.72 million. During the same quarter last year, the firm posted $1.24 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. research analysts predict that Quaker Chemical Corp will post 5.93 EPS for the current fiscal year.
A number of brokerages have recently issued reports on KWR. TheStreet upgraded Quaker Chemical from a “c+” rating to a “b” rating in a research report on Tuesday, May 15th. Zacks Investment Research downgraded Quaker Chemical from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 17th. B. Riley set a $170.00 price objective on Quaker Chemical and gave the stock a “hold” rating in a research report on Tuesday, July 31st. Finally, Janney Montgomery Scott began coverage on Quaker Chemical in a research report on Friday, July 13th. They set a “neutral” rating and a $170.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $168.40.
About Quaker Chemical
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. Its products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.
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