Quaker Chemical Corp (KWR) CEO Michael F. Barry Sells 1,250 Shares
Quaker Chemical Corp (NYSE:KWR) CEO Michael F. Barry sold 1,250 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $160.13, for a total value of $200,162.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Quaker Chemical Corp (NYSE KWR) traded up $1.58 during trading on Monday, hitting $150.18. The company had a trading volume of 60,412 shares, compared to its average volume of 63,672. The company has a current ratio of 2.63, a quick ratio of 2.06 and a debt-to-equity ratio of 0.15. Quaker Chemical Corp has a 1 year low of $126.18 and a 1 year high of $165.93. The stock has a market cap of $1,977.42, a price-to-earnings ratio of 98.96, a PEG ratio of 2.38 and a beta of 1.34.
Quaker Chemical (NYSE:KWR) last announced its quarterly earnings results on Wednesday, February 28th. The specialty chemicals company reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.01. Quaker Chemical had a return on equity of 15.48% and a net margin of 2.47%. The firm had revenue of $211.10 million during the quarter, compared to analyst estimates of $208.07 million. During the same quarter in the previous year, the business earned $1.26 EPS. Quaker Chemical’s revenue for the quarter was up 10.4% compared to the same quarter last year. sell-side analysts anticipate that Quaker Chemical Corp will post 5.67 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Quaker Chemical by 3.2% in the 4th quarter. BlackRock Inc. now owns 1,646,283 shares of the specialty chemicals company’s stock valued at $248,242,000 after purchasing an additional 50,506 shares in the last quarter. Carillon Tower Advisers Inc. purchased a new position in shares of Quaker Chemical in the 4th quarter valued at about $103,056,000. JPMorgan Chase & Co. increased its stake in shares of Quaker Chemical by 17.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 638,073 shares of the specialty chemicals company’s stock valued at $95,041,000 after purchasing an additional 94,167 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Quaker Chemical by 7.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 279,860 shares of the specialty chemicals company’s stock valued at $42,200,000 after purchasing an additional 20,012 shares in the last quarter. Finally, Ranger Investment Management L.P. increased its stake in shares of Quaker Chemical by 141.2% in the 4th quarter. Ranger Investment Management L.P. now owns 214,455 shares of the specialty chemicals company’s stock valued at $32,338,000 after purchasing an additional 125,543 shares in the last quarter. Hedge funds and other institutional investors own 91.22% of the company’s stock.
KWR has been the subject of several analyst reports. Zacks Investment Research cut Quaker Chemical from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. B. Riley set a $165.00 price objective on Quaker Chemical and gave the company a “hold” rating in a report on Monday, November 20th. Finally, ValuEngine cut Quaker Chemical from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Quaker Chemical has an average rating of “Hold” and a consensus target price 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.
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