New York State Common Retirement Fund boosted its holdings in shares of Quaker Chemical Corp (NYSE:KWR) by 16.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,159 shares of the specialty chemicals company’s stock after acquiring an additional 2,259 shares during the quarter. New York State Common Retirement Fund owned 0.12% of Quaker Chemical worth $2,391,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of KWR. Schwab Charles Investment Management Inc. grew its holdings in Quaker Chemical by 3.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 76,054 shares of the specialty chemicals company’s stock worth $11,046,000 after acquiring an additional 2,473 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Quaker Chemical by 78.0% in the 2nd quarter. First Trust Advisors LP now owns 11,743 shares of the specialty chemicals company’s stock valued at $1,705,000 after purchasing an additional 5,147 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Quaker Chemical by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 241,571 shares of the specialty chemicals company’s stock valued at $35,083,000 after purchasing an additional 2,356 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Quaker Chemical by 8.8% in the 2nd quarter. Legal & General Group Plc now owns 25,753 shares of the specialty chemicals company’s stock valued at $3,740,000 after purchasing an additional 2,074 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Quaker Chemical by 62.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,404 shares of the specialty chemicals company’s stock valued at $640,000 after purchasing an additional 1,694 shares during the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Quaker Chemical Corp (NYSE KWR) opened at $150.79 on Friday. The stock has a market cap of $2,010.00, a price-to-earnings ratio of 42.12, a P/E/G ratio of 2.76 and a beta of 1.35. Quaker Chemical Corp has a 12 month low of $124.92 and a 12 month 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 issued its earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.06. The business 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%. Quaker Chemical’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 earnings per share. analysts predict that Quaker Chemical Corp will post 5 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Tuesday, January 16th. Quaker Chemical’s dividend payout ratio is presently 39.66%.

In related news, VP Jan Nieman sold 5,604 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $153.22, for a total transaction of $858,644.88. Following the transaction, the vice president now directly owns 7,803 shares of the company’s stock, valued at $1,195,575.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Adrian Steeples sold 4,911 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $155.71, for a total transaction of $764,691.81. Following the transaction, the director now directly owns 6,193 shares in the company, valued at $964,312.03. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,938 shares of company stock worth $3,786,305. 3.60% of the stock is owned by insiders.

A number of equities research analysts have recently commented on the stock. B. Riley reaffirmed a “neutral” rating on shares of Quaker Chemical in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. ValuEngine lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. FBR & Co set a $165.00 price objective on shares of Quaker Chemical and gave the company a “hold” rating in a research note on Friday, October 27th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $153.00 price objective on shares of Quaker Chemical in a research note on Sunday, September 3rd. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $163.50.

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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.

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

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