Quaker Chemical Corp (NYSE:KWR) Director Mark Douglas sold 750 shares of Quaker Chemical stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $205.19, for a total value of $153,892.50. Following the completion of the transaction, the director now owns 1,834 shares of the company’s stock, valued at approximately $376,318.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
NYSE:KWR traded up $0.31 during trading hours on Friday, hitting $204.86. 36,180 shares of the stock were exchanged, compared to its average volume of 82,073. Quaker Chemical Corp has a 52-week low of $137.95 and a 52-week high of $211.14. The company has a current ratio of 2.72, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. The firm has a market cap of $2.79 billion, a P/E ratio of 40.89, a price-to-earnings-growth ratio of 3.18 and a beta of 1.37.
Quaker Chemical (NYSE:KWR) last posted its quarterly earnings data on Thursday, November 1st. The specialty chemicals company reported $1.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.07. Quaker Chemical had a return on equity of 18.36% and a net margin of 4.83%. The company had revenue of $222.02 million during the quarter, compared to analyst estimates of $221.31 million. During the same period in the previous year, the business earned $1.32 EPS. Quaker Chemical’s quarterly revenue was up 4.3% on a year-over-year basis. On average, research analysts forecast that Quaker Chemical Corp will post 5.97 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 17th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, October 16th. This represents a $1.48 annualized dividend and a yield of 0.72%. Quaker Chemical’s dividend payout ratio (DPR) is currently 29.54%.
Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded Quaker Chemical from a “hold” rating to a “buy” rating and set a $216.00 price target for the company in a research note on Friday, October 12th. Janney Montgomery Scott began coverage on Quaker Chemical in a research note on Friday, July 13th. They set a “neutral” rating and a $170.00 price objective for the company. B. Riley set a $170.00 price objective on Quaker Chemical and gave the stock a “hold” rating in a research note on Tuesday, July 31st. Finally, Sidoti boosted their price objective on Quaker Chemical from $151.00 to $176.00 and gave the stock a “neutral” rating in a research note 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 presently has a consensus rating of “Hold” and an average price target of $179.40.
A number of large investors have recently bought and sold shares of KWR. UBS Group AG boosted its holdings in shares of Quaker Chemical by 31.7% during the 1st quarter. UBS Group AG now owns 11,773 shares of the specialty chemicals company’s stock worth $1,744,000 after purchasing an additional 2,832 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Quaker Chemical by 2.3% during the 1st quarter. Legal & General Group Plc now owns 27,331 shares of the specialty chemicals company’s stock worth $4,023,000 after purchasing an additional 605 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Quaker Chemical by 8.9% during the 1st quarter. Royal Bank of Canada now owns 12,553 shares of the specialty chemicals company’s stock worth $1,859,000 after purchasing an additional 1,030 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Quaker Chemical by 1.5% during the 1st quarter. Principal Financial Group Inc. now owns 108,396 shares of the specialty chemicals company’s stock worth $16,057,000 after purchasing an additional 1,572 shares during the last quarter. Finally, Pennsylvania Trust Co boosted its holdings in shares of Quaker Chemical by 13.3% during the 2nd quarter. Pennsylvania Trust Co now owns 3,400 shares of the specialty chemicals company’s stock worth $526,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.
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About Quaker Chemical
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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