Quaker Chemical (KWR) Sets New 1-Year High at $217.15

Quaker Chemical Corp (NYSE:KWR)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $217.15 and last traded at $206.93, with a volume of 580 shares. The stock had previously closed at $206.24.

A number of equities analysts recently issued reports on KWR shares. Zacks Investment Research raised Quaker Chemical from a “hold” rating to a “buy” rating and set a $211.00 price objective for the company in a report on Tuesday, September 11th. Sidoti increased their price objective on Quaker Chemical from $151.00 to $176.00 and gave the stock a “neutral” rating in a report on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Quaker Chemical currently has a consensus rating of “Hold” and an average price target of $179.40.

The firm has a market capitalization of $2.75 billion, a PE ratio of 40.89, a P/E/G ratio of 3.14 and a beta of 1.38. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.72 and a quick ratio of 2.11.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings data on Thursday, November 1st. The specialty chemicals company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.07. The business had revenue of $222.02 million during the quarter, compared to analyst estimates of $221.31 million. Quaker Chemical had a return on equity of 18.36% and a net margin of 4.83%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.32 EPS. Sell-side analysts anticipate that Quaker Chemical Corp will post 5.97 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Thursday, January 17th will be given a $0.37 dividend. The ex-dividend date is Wednesday, January 16th. This represents a $1.48 dividend on an annualized basis and a yield of 0.72%. Quaker Chemical’s dividend payout ratio (DPR) is 29.54%.

In other Quaker Chemical news, Director Jeffry D. Frisby sold 3,015 shares of the company’s stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $202.05, for a total value of $609,180.75. Following the completion of the sale, the director now directly owns 9,276 shares in the company, valued at $1,874,215.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joseph A. Berquist sold 234 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $210.50, for a total value of $49,257.00. Following the completion of the sale, the vice president now owns 10,177 shares of the company’s stock, valued at $2,142,258.50. The disclosure for this sale can be found here. Insiders sold 12,686 shares of company stock valued at $2,557,112 over the last 90 days. 3.20% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Belpointe Asset Management LLC acquired a new stake in Quaker Chemical in the third quarter worth approximately $101,000. Vanguard Group Inc. lifted its position in Quaker Chemical by 1.7% in the third quarter. Vanguard Group Inc. now owns 1,428,100 shares of the specialty chemicals company’s stock worth $288,776,000 after purchasing an additional 23,996 shares during the period. Legal & General Group Plc lifted its position in Quaker Chemical by 7.6% in the third quarter. Legal & General Group Plc now owns 30,976 shares of the specialty chemicals company’s stock worth $6,241,000 after purchasing an additional 2,185 shares during the period. Teachers Advisors LLC lifted its position in Quaker Chemical by 2.7% in the third quarter. Teachers Advisors LLC now owns 27,153 shares of the specialty chemicals company’s stock worth $5,491,000 after purchasing an additional 715 shares during the period. Finally, Macquarie Group Ltd. lifted its position in Quaker Chemical by 23.4% in the third quarter. Macquarie Group Ltd. now owns 340,203 shares of the specialty chemicals company’s stock worth $68,792,000 after purchasing an additional 64,472 shares during the period. Hedge funds and other institutional investors own 94.36% of the company’s stock.

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About Quaker Chemical (NYSE:KWR)

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. Its products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.

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