Kimelman & Baird LLC Has $436,000 Position in Quaker Chemical Corporation (KWR)
Kimelman & Baird LLC held its position in shares of Quaker Chemical Corporation (NYSE:KWR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,000 shares of the specialty chemicals company’s stock at the end of the 2nd quarter. Kimelman & Baird LLC’s holdings in Quaker Chemical Corporation were worth $436,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Flinton Capital Management LLC increased its stake in Quaker Chemical Corporation by 29.7% during 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 last quarter. FNY Partners Fund LP bought a new stake in Quaker Chemical Corporation during the first quarter valued at $134,000. Riverhead Capital Management LLC increased its stake in Quaker Chemical Corporation by 55.3% during the second quarter. Riverhead Capital Management LLC now owns 932 shares of the specialty chemicals company’s stock valued at $135,000 after purchasing an additional 332 shares during the last quarter. Advisor Group Inc. increased its stake in Quaker Chemical Corporation by 15.6% during the second quarter. Advisor Group Inc. now owns 954 shares of the specialty chemicals company’s stock valued at $139,000 after purchasing an additional 129 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in Quaker Chemical Corporation during the first quarter valued at $147,000. Hedge funds and other institutional investors own 82.75% of the company’s stock.
In other Quaker Chemical Corporation news, Director Donald R. Caldwell sold 1,800 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $139.55, for a total transaction of $251,190.00. Following the completion of the transaction, the director now directly owns 9,281 shares in the company, valued at $1,295,163.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jan Nieman sold 1,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $140.00, for a total value of $140,000.00. Following the transaction, the vice president now owns 15,636 shares of the company’s stock, valued at $2,189,040. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,800 shares of company stock valued at $686,190. 3.60% of the stock is owned by company insiders.
Quaker Chemical Corporation (KWR) traded up 0.80% during mid-day trading on Friday, reaching $152.57. 42,404 shares of the company’s stock traded hands. Quaker Chemical Corporation has a 12 month low of $102.86 and a 12 month high of $154.38. The firm’s 50-day moving average price is $145.00 and its 200 day moving average price is $142.25. The stock has a market capitalization of $2.03 billion, a PE ratio of 38.63 and a beta of 1.24.
Quaker Chemical Corporation (NYSE:KWR) last issued its earnings results on Thursday, July 27th. The specialty chemicals company reported $1.24 EPS for the quarter, hitting the consensus estimate of $1.24. The firm had revenue of $201.18 million during the quarter, compared to analysts’ expectations of $197.23 million. Quaker Chemical Corporation had a return on equity of 15.52% and a net margin of 6.73%. Quaker Chemical Corporation’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $1.11 earnings per share. Equities research analysts predict that Quaker Chemical Corporation will post $4.93 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be given a $0.355 dividend. The ex-dividend date is Monday, October 16th. This represents a $1.42 annualized dividend and a yield of 0.93%. Quaker Chemical Corporation’s dividend payout ratio (DPR) is currently 36.13%.
Several analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Quaker Chemical Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Jefferies Group LLC reiterated a “hold” rating and set a $153.00 target price on shares of Quaker Chemical Corporation in a research note on Sunday, September 3rd. BidaskClub upgraded shares of Quaker Chemical Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, FBR & Co reiterated a “marketperform” rating on shares of Quaker Chemical Corporation in a research note on Tuesday, July 11th.
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About Quaker Chemical Corporation
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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