ProShare Advisors LLC lifted its holdings in shares of Quaker Chemical Corporation (NYSE:KWR) by 2,750.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,189 shares of the specialty chemicals company’s stock after buying an additional 49,393 shares during the period. ProShare Advisors LLC owned about 0.38% of Quaker Chemical Corporation worth $7,434,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its stake in shares of Quaker Chemical Corporation by 0.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,929 shares of the specialty chemicals company’s stock worth $571,000 after buying an additional 25 shares during the last quarter. Miles Capital Inc. boosted its stake in shares of Quaker Chemical Corporation by 1.8% during the 1st quarter. Miles Capital Inc. now owns 1,843 shares of the specialty chemicals company’s stock worth $243,000 after buying an additional 32 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Quaker Chemical Corporation by 1.3% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 3,030 shares of the specialty chemicals company’s stock worth $399,000 after buying an additional 40 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Quaker Chemical Corporation by 0.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 15,736 shares of the specialty chemicals company’s stock worth $2,071,000 after buying an additional 52 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its stake in shares of Quaker Chemical Corporation by 1.5% during the 1st quarter. Suntrust Banks Inc. now owns 4,151 shares of the specialty chemicals company’s stock worth $545,000 after buying an additional 63 shares during the last quarter. Institutional investors own 82.75% of the company’s stock.

KWR has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Quaker Chemical Corporation from a “hold” rating to a “buy” rating and set a $162.00 price objective for the company in a research note on Wednesday, June 21st. Jefferies Group LLC restated a “hold” rating and set a $153.00 price objective on shares of Quaker Chemical Corporation in a research note on Wednesday, July 19th. FBR & Co restated a “marketperform” rating on shares of Quaker Chemical Corporation in a research note on Tuesday, July 11th. Finally, BidaskClub downgraded shares of Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd.

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Shares of Quaker Chemical Corporation (NYSE KWR) opened at 144.24 on Wednesday. The firm has a market capitalization of $1.92 billion, a P/E ratio of 36.66 and a beta of 1.22. Quaker Chemical Corporation has a 52 week low of $99.22 and a 52 week high of $154.38. The company has a 50-day moving average of $137.81 and a 200 day moving average of $139.82.

Quaker Chemical Corporation (NYSE:KWR) last released its quarterly earnings results on Thursday, July 27th. The specialty chemicals company reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24. Quaker Chemical Corporation had a net margin of 6.73% and a return on equity of 15.52%. The business had revenue of $201.18 million for the quarter, compared to analysts’ expectations of $197.23 million. During the same period in the previous year, the company earned $1.11 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities research analysts anticipate that Quaker Chemical Corporation will post $4.93 earnings per share for the current year.

In related news, VP Jan Nieman sold 1,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $140.00, for a total transaction of $140,000.00. Following the transaction, the vice president now directly owns 15,636 shares in the company, valued at $2,189,040. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Donald R. Caldwell sold 1,800 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $139.55, for a total transaction of $251,190.00. Following the transaction, the director now owns 9,281 shares in the company, valued at $1,295,163.55. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.

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

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