Insider Selling: Quaker Chemical Corp (KWR) VP Sells 1,000 Shares of Stock
Quaker Chemical Corp (NYSE:KWR) VP Joseph A. Berquist sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $190.64, for a total transaction of $190,640.00. Following the completion of the transaction, the vice president now directly owns 10,411 shares in the company, valued at $1,984,753.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NYSE KWR opened at $189.87 on Friday. The firm has a market cap of $2.52 billion, a PE ratio of 34.16, a PEG ratio of 2.90 and a beta of 1.35. Quaker Chemical Corp has a twelve month low of $137.95 and a twelve month high of $192.65. The company has a current ratio of 2.78, a quick ratio of 2.15 and a debt-to-equity ratio of 0.14.
Quaker Chemical (NYSE:KWR) last announced its quarterly earnings results on Monday, July 30th. The specialty chemicals company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.13. The company had revenue of $221.96 million for the quarter, compared to analysts’ expectations of $214.72 million. Quaker Chemical had a net margin of 3.89% and a return on equity of 17.27%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $1.24 earnings per share. equities analysts anticipate that Quaker Chemical Corp will post 5.93 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Sei Investments Co. boosted its position in shares of Quaker Chemical by 391.8% during the first quarter. Sei Investments Co. now owns 1,446 shares of the specialty chemicals company’s stock worth $214,000 after purchasing an additional 1,152 shares in the last quarter. Evergreen Capital Management LLC bought a new position in shares of Quaker Chemical during the first quarter worth $237,000. Vident Investment Advisory LLC bought a new position in shares of Quaker Chemical during the second quarter worth $253,000. Profund Advisors LLC boosted its position in shares of Quaker Chemical by 29.3% during the first quarter. Profund Advisors LLC now owns 1,958 shares of the specialty chemicals company’s stock worth $290,000 after purchasing an additional 444 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV bought a new position in shares of Quaker Chemical during the second quarter worth $298,000. 98.17% of the stock is currently owned by institutional investors.
Quaker Chemical Company Profile
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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