O Brien Greene & Co. Inc reduced its holdings in Quaker Chemical Co. (NYSE:KWR) by 2.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,967 shares of the specialty chemicals company’s stock after selling 80 shares during the quarter. O Brien Greene & Co. Inc’s holdings in Quaker Chemical were worth $967,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Oregon Public Employees Retirement Fund raised its holdings in shares of Quaker Chemical by 1.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,315 shares of the specialty chemicals company’s stock worth $1,347,000 after acquiring an additional 51 shares during the period. US Bancorp DE raised its holdings in shares of Quaker Chemical by 10.6% during the first quarter. US Bancorp DE now owns 555 shares of the specialty chemicals company’s stock worth $136,000 after acquiring an additional 53 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Quaker Chemical by 5.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,733 shares of the specialty chemicals company’s stock worth $439,000 after acquiring an additional 91 shares during the period. Strs Ohio raised its holdings in shares of Quaker Chemical by 14.3% during the fourth quarter. Strs Ohio now owns 800 shares of the specialty chemicals company’s stock worth $202,000 after acquiring an additional 100 shares during the period. Finally, CWM LLC raised its holdings in shares of Quaker Chemical by 178.9% during the first quarter. CWM LLC now owns 159 shares of the specialty chemicals company’s stock worth $39,000 after acquiring an additional 102 shares during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.
Quaker Chemical stock traded down $1.93 during midday trading on Friday, reaching $238.05. 334 shares of the company’s stock were exchanged, compared to its average volume of 76,722. The firm has a 50-day moving average price of $239.81. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 40.20 and a beta of 1.47. The company has a current ratio of 2.10, a quick ratio of 1.57 and a debt-to-equity ratio of 0.65. Quaker Chemical Co. has a 52 week low of $167.47 and a 52 week high of $301.99.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 30th. Stockholders of record on Friday, July 16th will be given a $0.395 dividend. This represents a $1.58 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, July 15th. Quaker Chemical’s payout ratio is presently 33.05%.
In other news, VP David Will sold 280 shares of the stock in a transaction that occurred on Tuesday, May 25th. The stock was sold at an average price of $234.03, for a total transaction of $65,528.40. Following the transaction, the vice president now owns 1,148 shares in the company, valued at $268,666.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael F. Barry sold 15,000 shares of Quaker Chemical stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $236.42, for a total value of $3,546,300.00. Following the sale, the chief executive officer now directly owns 102,219 shares of the company’s stock, valued at $24,166,615.98. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
A number of brokerages recently commented on KWR. Zacks Investment Research lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Quaker Chemical from $320.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, March 29th.
About Quaker Chemical
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications. It operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses. The company offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, metal finishing fluids, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.
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