Neuberger Berman Group LLC Has $87.75 Million Stake in Quaker Chemical Corp (KWR)

Neuberger Berman Group LLC lowered its stake in Quaker Chemical Corp (NYSE:KWR) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 593,086 shares of the specialty chemicals company’s stock after selling 17,148 shares during the period. Neuberger Berman Group LLC owned approximately 4.46% of Quaker Chemical worth $87,747,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KWR. Aperio Group LLC increased its holdings in shares of Quaker Chemical by 6.5% in the second quarter. Aperio Group LLC now owns 5,674 shares of the specialty chemicals company’s stock worth $824,000 after buying an additional 345 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Quaker Chemical by 9.6% in the second quarter. Russell Investments Group Ltd. now owns 38,529 shares of the specialty chemicals company’s stock worth $5,596,000 after buying an additional 3,369 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in shares of Quaker Chemical by 3.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,140 shares of the specialty chemicals company’s stock worth $456,000 after buying an additional 110 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of Quaker Chemical by 2.1% in the second quarter. Great West Life Assurance Co. Can now owns 18,798 shares of the specialty chemicals company’s stock worth $2,729,000 after buying an additional 390 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Quaker Chemical by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 76,054 shares of the specialty chemicals company’s stock worth $11,046,000 after buying an additional 2,473 shares during the period. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Shares of Quaker Chemical Corp (NYSE:KWR) opened at $148.92 on Friday. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $1,980.49, a PE ratio of 29.72, a P/E/G ratio of 2.71 and a beta of 1.35. Quaker Chemical Corp has a 12 month low of $124.92 and a 12 month high of $165.93.

Quaker Chemical (NYSE:KWR) last posted its earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.06. The company had revenue of $212.90 million for the quarter, compared to analysts’ expectations of $200.71 million. Quaker Chemical had a return on equity of 15.43% and a net margin of 5.93%. Quaker Chemical’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the firm earned $1.25 earnings per share. analysts predict that Quaker Chemical Corp will post 5 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be paid a $0.355 dividend. The ex-dividend date is Tuesday, January 16th. This represents a $1.42 annualized dividend and a dividend yield of 0.95%. Quaker Chemical’s payout ratio is presently 40.00%.

Several analysts recently issued reports on KWR shares. BidaskClub raised Quaker Chemical from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Jefferies Group reissued a “hold” rating and issued a $153.00 target price on shares of Quaker Chemical in a research note on Sunday, September 3rd. Zacks Investment Research cut Quaker Chemical from a “hold” rating to a “sell” rating in a research note on Saturday, September 9th. FBR & Co set a $165.00 target price on Quaker Chemical and gave the stock a “hold” rating in a research note on Friday, October 27th. Finally, B. Riley reissued a “neutral” rating on shares of Quaker Chemical in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $163.50.

In other Quaker Chemical news, Director Adrian Steeples sold 4,911 shares of Quaker Chemical stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $155.71, for a total transaction of $764,691.81. Following the sale, the director now directly owns 6,193 shares of the company’s stock, valued at approximately $964,312.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark Douglas sold 1,575 shares of Quaker Chemical stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $164.23, for a total value of $258,662.25. The disclosure for this sale can be found here. Insiders sold 25,938 shares of company stock worth $4,081,305 over the last three months. 3.60% of the stock is owned by insiders.

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Quaker Chemical 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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Institutional Ownership by Quarter for Quaker Chemical (NYSE:KWR)

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