Royce & Associates LP decreased its stake in Quaker Chemical Corporation (NYSE:KWR) by 7.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 723,571 shares of the specialty chemicals company’s stock after selling 54,315 shares during the quarter. Quaker Chemical makes up 0.7% of Royce & Associates LP’s holdings, making the stock its 15th biggest position. Royce & Associates LP owned about 5.44% of Quaker Chemical worth $107,052,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in KWR. Flinton Capital Management LLC grew its position in shares of Quaker Chemical 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 during the period. Riverhead Capital Management LLC boosted its position in Quaker Chemical 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 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. Everence Capital Management Inc. acquired a new position in Quaker Chemical during the second quarter worth about $212,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Quaker Chemical during the second quarter worth about $246,000. Institutional investors and hedge funds own 86.71% of the company’s stock.
In related news, VP Jan Nieman sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the sale, the vice president now directly owns 14,636 shares of the company’s stock, valued at approximately $2,122,220. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Adrian Steeples sold 4,911 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $155.71, for a total transaction of $764,691.81. Following the completion of the sale, the director now directly owns 6,193 shares in the company, valued at $964,312.03. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,938 shares of company stock worth $4,081,305. 3.60% of the stock is owned by insiders.
Quaker Chemical (NYSE:KWR) last released its quarterly earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.06. The business had revenue of $212.90 million for the quarter, compared to the consensus estimate of $200.71 million. Quaker Chemical had a net margin of 5.93% and a return on equity of 15.43%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.25 EPS. equities research analysts forecast that Quaker Chemical Corporation will post 5 earnings per share for the current 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 dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 0.91%. The ex-dividend date is Tuesday, January 16th. Quaker Chemical’s payout ratio is currently 40.00%.
A number of research firms recently weighed in on KWR. B. Riley restated a “neutral” rating on shares of Quaker Chemical in a research report on Wednesday, November 1st. Zacks Investment Research lowered shares of Quaker Chemical from a “hold” rating to a “sell” rating in a report on Saturday, September 9th. BidaskClub lowered shares of Quaker Chemical from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. ValuEngine lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Jefferies Group reiterated a “hold” rating and issued a $153.00 target price on shares of Quaker Chemical in a report on Sunday, September 3rd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $163.50.
Quaker Chemical 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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