Copeland Capital Management LLC boosted its stake in shares of Quaker Chemical Corporation (NYSE:KWR) by 1.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,498 shares of the specialty chemicals company’s stock after purchasing an additional 1,968 shares during the quarter. Quaker Chemical Corporation comprises 1.2% of Copeland Capital Management LLC’s portfolio, making the stock its 27th largest holding. Copeland Capital Management LLC owned approximately 0.89% of Quaker Chemical Corporation worth $17,532,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in KWR. BlackRock Inc. boosted its position in Quaker Chemical Corporation by 82,132.2% during the first quarter. BlackRock Inc. now owns 1,568,991 shares of the specialty chemicals company’s stock worth $206,573,000 after purchasing an additional 1,567,083 shares during the period. Vanguard Group Inc. boosted its position in Quaker Chemical Corporation by 7.2% during the first quarter. Vanguard Group Inc. now owns 1,172,791 shares of the specialty chemicals company’s stock worth $154,409,000 after purchasing an additional 78,298 shares during the period. Shell Asset Management Co. bought a new stake in Quaker Chemical Corporation during the third quarter worth approximately $3,910,000. ProShare Advisors LLC boosted its position in Quaker Chemical Corporation by 2,750.2% during the second quarter. ProShare Advisors LLC now owns 51,189 shares of the specialty chemicals company’s stock worth $7,434,000 after purchasing an additional 49,393 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in Quaker Chemical Corporation by 6.5% during the second quarter. Neuberger Berman Group LLC now owns 610,234 shares of the specialty chemicals company’s stock worth $88,624,000 after purchasing an additional 37,365 shares during the period. 83.11% of the stock is owned by hedge funds and other institutional investors.
Quaker Chemical Corporation (KWR) traded up 1.77% during midday trading on Tuesday, hitting $155.39. The stock had a trading volume of 17,000 shares. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 39.50 and a beta of 1.24. The firm has a 50-day moving average price of $148.54 and a 200-day moving average price of $143.61. Quaker Chemical Corporation has a 1-year low of $104.36 and a 1-year high of $157.12.
Quaker Chemical Corporation (NYSE:KWR) last posted its earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.06. The business had revenue of $212.90 million for the quarter, compared to analyst estimates of $200.71 million. Quaker Chemical Corporation had a return on equity of 15.43% and a net margin of 5.93%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.25 EPS. On average, equities research analysts anticipate that Quaker Chemical Corporation will post $4.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Monday, October 16th. Quaker Chemical Corporation’s payout ratio is presently 40.00%.
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A number of equities research analysts have issued reports on the company. Zacks Investment Research cut Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, September 9th. BidaskClub cut Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $153.00 price objective on shares of Quaker Chemical Corporation in a research report on Wednesday, July 19th. Finally, FBR & Co reissued a “marketperform” rating on shares of Quaker Chemical Corporation in a research report on Tuesday, July 11th.
In related news, Director Donald R. Caldwell sold 1,800 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $139.55, for a total value of $251,190.00. Following the completion of the sale, the director now directly owns 9,281 shares in the company, valued at approximately $1,295,163.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jan Nieman sold 1,000 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $155.00, for a total value of $155,000.00. Following the completion of the sale, the vice president now owns 12,636 shares of the company’s stock, valued at $1,958,580. The disclosure for this sale can be found here. Insiders have sold a total of 5,800 shares of company stock worth $841,190 over the last three months. 3.60% of the stock is owned by insiders.
About Quaker Chemical Corporation
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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