Pennsylvania Trust Co Buys 20,907 Shares of Quaker Chemical Corp (KWR)
Pennsylvania Trust Co grew its stake in Quaker Chemical Corp (NYSE:KWR) by 248.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,307 shares of the specialty chemicals company’s stock after buying an additional 20,907 shares during the period. Pennsylvania Trust Co owned 0.22% of Quaker Chemical worth $1,665,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of KWR. Bessemer Group Inc. boosted its position in shares of Quaker Chemical by 44.6% during the 4th quarter. Bessemer Group Inc. now owns 227 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 70 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in shares of Quaker Chemical during the 3rd quarter valued at about $101,000. Hanseatic Management Services Inc. bought a new stake in shares of Quaker Chemical during the 4th quarter valued at about $107,000. LS Investment Advisors LLC boosted its position in shares of Quaker Chemical by 55.8% during the 4th quarter. LS Investment Advisors LLC now owns 609 shares of the specialty chemicals company’s stock valued at $108,000 after purchasing an additional 218 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Quaker Chemical by 346.9% during the 4th quarter. FMR LLC now owns 800 shares of the specialty chemicals company’s stock valued at $142,000 after purchasing an additional 621 shares in the last quarter. 97.91% of the stock is owned by institutional investors.
Several brokerages recently commented on KWR. Janney Montgomery Scott restated a “neutral” rating and set a $198.00 target price on shares of Quaker Chemical in a research report on Tuesday, January 29th. Zacks Investment Research lowered Quaker Chemical from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. Finally, Seaport Global Securities restated a “neutral” rating on shares of Quaker Chemical in a research report on Tuesday, February 5th. Five research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of $187.25.
Quaker Chemical (NYSE:KWR) last announced its quarterly earnings results on Thursday, February 28th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.11. The business had revenue of $211.48 million for the quarter, compared to analyst estimates of $215.90 million. Quaker Chemical had a return on equity of 18.88% and a net margin of 6.86%. Equities research analysts expect that Quaker Chemical Corp will post 7.01 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $1.48 annualized dividend and a yield of 0.68%. Quaker Chemical’s payout ratio is currently 24.50%.
In other Quaker Chemical news, insider Shane Hostetter sold 1,892 shares of the stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $207.51, for a total value of $392,608.92. Following the transaction, the insider now owns 1,303 shares in the company, valued at $270,385.53. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.
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Quaker Chemical Company Profile
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. The company's 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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