Renaissance Technologies LLC trimmed its stake in Quaker Chemical Corporation (NYSE:KWR) by 8.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,000 shares of the specialty chemicals company’s stock after selling 12,800 shares during the period. Renaissance Technologies LLC owned approximately 1.07% of Quaker Chemical Corporation worth $20,623,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Riverhead Capital Management LLC grew its position in shares of Quaker Chemical Corporation by 55.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 932 shares of the specialty chemicals company’s stock valued at $135,000 after buying an additional 332 shares during the last quarter. Advisor Group Inc. grew its position in shares of Quaker Chemical Corporation by 15.6% in the 2nd quarter. Advisor Group Inc. now owns 954 shares of the specialty chemicals company’s stock valued at $139,000 after buying an additional 129 shares during the last quarter. FNY Partners Fund LP purchased a new position in shares of Quaker Chemical Corporation in the 1st quarter valued at $134,000. Ameritas Investment Partners Inc. purchased a new position in shares of Quaker Chemical Corporation in the 1st quarter valued at $147,000. Finally, Everence Capital Management Inc. purchased a new position in shares of Quaker Chemical Corporation in the 2nd quarter valued at $212,000. 82.75% of the stock is currently owned by hedge funds and other institutional investors.
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Quaker Chemical Corporation (NYSE KWR) opened at 151.19 on Thursday. Quaker Chemical Corporation has a 12 month low of $102.86 and a 12 month high of $154.38. The firm’s 50-day moving average is $143.78 and its 200 day moving average is $141.92. The stock has a market capitalization of $2.01 billion, a P/E ratio of 38.43 and a beta of 1.24.
Quaker Chemical Corporation (NYSE:KWR) last released its earnings results on Thursday, July 27th. The specialty chemicals company reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. Quaker Chemical Corporation had a net margin of 6.73% and a return on equity of 15.52%. The firm had revenue of $201.18 million during the quarter, compared to analyst estimates of $197.23 million. During the same quarter in the previous year, the firm earned $1.11 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities analysts anticipate that Quaker Chemical Corporation will post $4.93 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be given a dividend of $0.355 per share. The ex-dividend date is Monday, October 16th. This represents a $1.42 annualized dividend and a dividend yield of 0.94%. Quaker Chemical Corporation’s dividend payout ratio is currently 36.13%.
A number of research firms recently commented on KWR. Zacks Investment Research downgraded shares of Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, September 9th. BidaskClub downgraded shares of Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $153.00 target price on shares of Quaker Chemical Corporation in a research report on Wednesday, July 19th. Finally, FBR & Co reaffirmed a “marketperform” rating on shares of Quaker Chemical Corporation in a research report on Tuesday, July 11th.
In other news, VP Jan Nieman sold 1,000 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $150.00, for a total transaction of $150,000.00. Following the completion of the transaction, the vice president now owns 13,636 shares in the company, valued at $2,045,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donald R. Caldwell sold 1,800 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $139.55, for a total transaction of $251,190.00. Following the transaction, the director now owns 9,281 shares of the company’s stock, valued at approximately $1,295,163.55. The disclosure for this sale can be found here. Insiders have sold 4,800 shares of company stock valued at $686,190 in the last 90 days. Insiders own 3.60% 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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