State of Alaska Department of Revenue increased its stake in Quaker Chemical Corporation (NYSE:KWR) by 78.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,628 shares of the specialty chemicals company’s stock after buying an additional 1,158 shares during the period. State of Alaska Department of Revenue’s holdings in Quaker Chemical Corporation were worth $381,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. NN Investment Partners Holdings N.V. raised its position in Quaker Chemical Corporation by 10.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 10,120 shares of the specialty chemicals company’s stock valued at $1,470,000 after buying an additional 960 shares in the last quarter. Pennsylvania Trust Co bought a new position in Quaker Chemical Corporation during the second quarter valued at about $523,000. GW&K Investment Management LLC raised its position in Quaker Chemical Corporation by 21.0% in the second quarter. GW&K Investment Management LLC now owns 114,988 shares of the specialty chemicals company’s stock valued at $16,700,000 after buying an additional 19,962 shares in the last quarter. Park National Corp OH bought a new position in Quaker Chemical Corporation during the second quarter valued at about $220,000. Finally, FNY Partners Fund LP acquired a new position in shares of Quaker Chemical Corporation during the first quarter worth $134,000. 83.19% of the stock is owned by hedge funds and other institutional investors.
Quaker Chemical Corporation (NYSE:KWR) traded down 0.32% during midday trading on Friday, hitting $135.06. 42,359 shares of the stock traded hands. The company has a 50-day moving average of $144.42 and a 200-day moving average of $138.72. The stock has a market cap of $1.80 billion, a PE ratio of 34.33 and a beta of 1.22. Quaker Chemical Corporation has a 12 month low of $96.13 and a 12 month high of $154.38.
Quaker Chemical Corporation (NYSE:KWR) last announced its quarterly earnings data on Thursday, July 27th. The specialty chemicals company reported $1.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.24. Quaker Chemical Corporation had a return on equity of 15.52% and a net margin of 6.73%. The firm had revenue of $201.18 million during the quarter, compared to analysts’ expectations of $197.23 million. During the same period last year, the business posted $1.11 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that Quaker Chemical Corporation will post $4.93 earnings per share for the current year.
A number of equities analysts have weighed in on KWR shares. Zacks Investment Research raised Quaker Chemical Corporation from a “hold” rating to a “buy” rating and set a $162.00 target price for the company in a research report on Wednesday, June 21st. BidaskClub lowered Quaker Chemical Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday. Jefferies Group LLC reissued a “hold” rating and issued a $153.00 target price 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, VP D Jeffry Benoliel sold 3,000 shares of Quaker Chemical Corporation stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $137.69, for a total transaction of $413,070.00. Following the completion of the transaction, the vice president now directly owns 26,114 shares in the company, valued at $3,595,636.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Donald R. Caldwell sold 1,000 shares of Quaker Chemical Corporation stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $138.60, for a total value of $138,600.00. Following the transaction, the director now owns 9,210 shares of the company’s stock, valued at $1,276,506. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,800 shares of company stock valued at $802,860. Company insiders own 3.60% of the company’s stock.
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.
Receive News & Ratings for Quaker Chemical Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quaker Chemical Corporation and related companies with MarketBeat.com's FREE daily email newsletter.