Quaker Chemical Corporation (NYSE:KWR) VP D Jeffry Benoliel sold 5,981 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $162.21, for a total transaction of $970,178.01. Following the transaction, the vice president now owns 21,429 shares in the company, valued at $3,475,998.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Quaker Chemical Corporation (NYSE KWR) traded down $5.28 during mid-day trading on Thursday, reaching $157.07. 55,629 shares of the company were exchanged, compared to its average volume of 57,313. The stock has a market capitalization of $2,166.32, a P/E ratio of 32.51, a P/E/G ratio of 2.96 and a beta of 1.36. Quaker Chemical Corporation has a 52-week low of $113.42 and a 52-week high of $164.01. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 0.16.
Quaker Chemical Corporation (NYSE:KWR) last announced its quarterly earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.06. Quaker Chemical Corporation had a net margin of 5.93% and a return on equity of 15.43%. The company had revenue of $212.90 million for the quarter, compared to the consensus estimate of $200.71 million. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. analysts predict that Quaker Chemical Corporation will post 5 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th were issued a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Monday, October 16th. Quaker Chemical Corporation’s dividend payout ratio (DPR) is presently 40.00%.
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A number of research analysts have recently issued reports on the stock. B. Riley reiterated a “neutral” rating on shares of Quaker Chemical Corporation in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of Quaker Chemical Corporation from a “buy” rating to a “hold” rating in a research note on Thursday. FBR & Co set a $165.00 price target on shares of Quaker Chemical Corporation and gave the stock a “hold” rating in a research note on Friday, October 27th. Jefferies Group LLC reiterated a “hold” rating and set a $153.00 price target on shares of Quaker Chemical Corporation in a research note on Wednesday, July 19th. Finally, BidaskClub lowered shares of Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $163.00.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Flinton Capital Management LLC lifted its holdings in shares of Quaker Chemical Corporation by 29.7% in the second quarter. Flinton Capital Management LLC now owns 768 shares of the specialty chemicals company’s stock valued at $111,000 after purchasing an additional 176 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of Quaker Chemical Corporation by 55.3% in the second quarter. Riverhead Capital Management LLC now owns 932 shares of the specialty chemicals company’s stock valued at $135,000 after purchasing an additional 332 shares in the last quarter. Advisor Group Inc. lifted its holdings in shares of Quaker Chemical Corporation by 15.6% in the second quarter. Advisor Group Inc. now owns 954 shares of the specialty chemicals company’s stock valued at $139,000 after purchasing an additional 129 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of Quaker Chemical Corporation during the second quarter valued at approximately $212,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Quaker Chemical Corporation during the second quarter valued at approximately $246,000. 82.92% of the stock is currently owned by institutional investors.
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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