Quaker Chemical Corporation (KWR) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Quaker Chemical Corporation (NYSE:KWR) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

According to Zacks, “Quaker Chemical Corp. develops, produces, and markets a broad range of formulated chemical specialty products for various heavy industrial and manufacturing applications and, in addition, offers and markets chemical management services. Quaker’s principal products and services include: rolling lubricants, corrosion preventives, metal finishing compounds, machining and grinding compounds, forming compounds, hydraulic fluids, technology for the removal of hydrogen sulfide, chemical milling maskants, construction products and programs to provide chemical management services. “

Other analysts have also issued reports about the stock. BidaskClub lowered shares of Quaker Chemical Corporation from a hold rating to a sell rating in a research report on Thursday, August 3rd. Jefferies Group LLC reiterated a hold rating and issued a $153.00 price target on shares of Quaker Chemical Corporation in a research report on Wednesday, July 19th. Finally, FBR & Co reiterated a marketperform rating on shares of Quaker Chemical Corporation in a research report on Tuesday, July 11th.

Shares of Quaker Chemical Corporation (NYSE:KWR) traded up 0.43% on Friday, hitting $138.60. The stock had a trading volume of 56,219 shares. The company’s 50 day moving average is $139.03 and its 200 day moving average is $139.41. The stock has a market cap of $1.84 billion, a PE ratio of 35.23 and a beta of 1.22. Quaker Chemical Corporation has a one year low of $96.35 and a one year high of $154.38.

Quaker Chemical Corporation (NYSE:KWR) last released its quarterly earnings results on Thursday, July 27th. The specialty chemicals company reported $1.24 EPS for the quarter, meeting the consensus estimate of $1.24. The business had revenue of $201.18 million for the quarter, compared to analyst estimates of $197.23 million. Quaker Chemical Corporation had a net margin of 6.73% and a return on equity of 15.52%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.11 earnings per share. Equities research analysts predict that Quaker Chemical Corporation will post $4.93 EPS for the current fiscal year.

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In related news, VP Jan Nieman sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $140.00, for a total transaction of $140,000.00. Following the sale, the vice president now owns 15,636 shares in the company, valued at $2,189,040. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Donald R. Caldwell sold 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $139.55, for a total transaction of $251,190.00. Following the sale, the director now owns 9,281 shares in the company, valued at approximately $1,295,163.55. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Flinton Capital Management LLC boosted its position in Quaker Chemical Corporation by 29.7% during the second quarter. Flinton Capital Management LLC now owns 768 shares of the specialty chemicals company’s stock worth $111,000 after acquiring an additional 176 shares during the last quarter. LS Investment Advisors LLC boosted its position in Quaker Chemical Corporation by 54.2% during the first quarter. LS Investment Advisors LLC now owns 777 shares of the specialty chemicals company’s stock worth $102,000 after acquiring an additional 273 shares during the last quarter. Riverhead Capital Management LLC boosted its position in Quaker Chemical Corporation by 55.3% during the second quarter. Riverhead Capital Management LLC now owns 932 shares of the specialty chemicals company’s stock worth $135,000 after acquiring an additional 332 shares during the last quarter. Advisor Group Inc. boosted its position in Quaker Chemical Corporation by 15.6% during the second quarter. Advisor Group Inc. now owns 954 shares of the specialty chemicals company’s stock worth $139,000 after acquiring an additional 129 shares during the last quarter. Finally, FNY Partners Fund LP acquired a new stake in Quaker Chemical Corporation during the first quarter worth approximately $134,000. Hedge funds and other institutional investors own 82.75% of the company’s stock.

Quaker Chemical Corporation Company 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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