First Trust Advisors LP Boosts Stake in Quaker Chemical Corporation (KWR)

First Trust Advisors LP raised its stake in shares of Quaker Chemical Corporation (NYSE:KWR) by 14.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,411 shares of the specialty chemicals company’s stock after purchasing an additional 1,668 shares during the quarter. First Trust Advisors LP owned 0.10% of Quaker Chemical worth $1,984,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Quaker Chemical by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,187,965 shares of the specialty chemicals company’s stock valued at $172,528,000 after acquiring an additional 15,174 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Quaker Chemical by 6.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 610,234 shares of the specialty chemicals company’s stock valued at $88,624,000 after acquiring an additional 37,365 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Quaker Chemical by 6.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 543,906 shares of the specialty chemicals company’s stock valued at $78,991,000 after acquiring an additional 33,085 shares in the last quarter. State Street Corp boosted its position in shares of Quaker Chemical by 4.7% during the 2nd quarter. State Street Corp now owns 327,387 shares of the specialty chemicals company’s stock valued at $47,550,000 after acquiring an additional 14,687 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Quaker Chemical by 0.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 247,111 shares of the specialty chemicals company’s stock valued at $35,888,000 after acquiring an additional 876 shares in the last quarter. Institutional investors own 82.70% of the company’s stock.

In other news, VP D Jeffry Benoliel sold 5,981 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $162.21, for a total transaction of $970,178.01. Following the transaction, the vice president now directly owns 21,429 shares in the company, valued at $3,475,998.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ronald S. Ettinger sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $162.75, for a total transaction of $162,750.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,363 shares of company stock worth $3,962,642. Company insiders own 3.60% of the company’s stock.

Several analysts have recently weighed in on KWR shares. Zacks Investment Research upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating and set a $171.00 target price on the stock in a research report on Wednesday, November 1st. FBR & Co set a $165.00 target price on shares of Quaker Chemical and gave the company a “hold” rating in a research report on Friday, October 27th. Jefferies Group LLC reiterated a “hold” rating and set a $153.00 target price on shares of Quaker Chemical in a research report on Sunday, September 3rd. B. Riley set a $165.00 target price on shares of Quaker Chemical and gave the company a “hold” rating in a research report on Monday, November 20th. Finally, BidaskClub lowered shares of Quaker Chemical from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $163.50.

Quaker Chemical Corporation (NYSE KWR) traded down $0.17 during trading hours on Monday, reaching $161.60. 33,100 shares of the company’s stock were exchanged, compared to its average volume of 57,561. The firm has a market capitalization of $2,150.00, a price-to-earnings ratio of 32.26, a PEG ratio of 2.94 and a beta of 1.36. Quaker Chemical Corporation has a 52-week low of $124.07 and a 52-week high of $165.93. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.25 and a current ratio of 2.83.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.06. The firm had revenue of $212.90 million for the quarter, compared to analyst estimates of $200.71 million. Quaker Chemical had a net margin of 5.93% and a return on equity of 15.43%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 earnings per share. analysts expect that Quaker Chemical Corporation will post 5 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be given a $0.355 dividend. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $1.42 dividend on an annualized basis and a yield of 0.88%. Quaker Chemical’s dividend payout ratio (DPR) is presently 39.66%.

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

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