Quaker Chemical Corporation (KWR) Shares Bought by American International Group Inc.
American International Group Inc. raised its holdings in Quaker Chemical Corporation (NYSE:KWR) by 5.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,330 shares of the specialty chemicals company’s stock after buying an additional 559 shares during the quarter. American International Group Inc. owned about 0.08% of Quaker Chemical worth $1,528,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. increased its holdings in shares of Quaker Chemical by 0.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,929 shares of the specialty chemicals company’s stock valued at $571,000 after purchasing an additional 25 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Quaker Chemical by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 10,067 shares of the specialty chemicals company’s stock worth $1,463,000 after acquiring an additional 26 shares during the period. Stifel Financial Corp grew its holdings in Quaker Chemical by 0.9% during the second quarter. Stifel Financial Corp now owns 3,011 shares of the specialty chemicals company’s stock worth $436,000 after acquiring an additional 28 shares during the period. Amalgamated Bank grew its holdings in Quaker Chemical by 5.1% during the second quarter. Amalgamated Bank now owns 1,810 shares of the specialty chemicals company’s stock worth $263,000 after acquiring an additional 88 shares during the period. Finally, Texas Permanent School Fund grew its holdings in Quaker Chemical by 0.9% during the second quarter. Texas Permanent School Fund now owns 9,704 shares of the specialty chemicals company’s stock worth $1,409,000 after acquiring an additional 89 shares during the period. Institutional investors own 86.71% of the company’s stock.
In related news, Director Adrian Steeples sold 4,911 shares of Quaker Chemical stock in a transaction that occurred 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 owns 6,193 shares in the company, valued at $964,312.03. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark Douglas sold 1,575 shares of Quaker Chemical stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $164.23, for a total value of $258,662.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,938 shares of company stock worth $4,081,305. 3.60% of the stock is currently owned by company insiders.
Quaker Chemical Corporation (NYSE:KWR) traded up $0.10 during midday trading on Thursday, hitting $151.36. The stock had a trading volume of 51,000 shares, compared to its average volume of 57,567. The stock has a market capitalization of $2,011.65, a P/E ratio of 30.19, a PEG ratio of 2.75 and a beta of 1.35. Quaker Chemical Corporation has a 1-year low of $124.92 and a 1-year 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 released its earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.06. The business had revenue of $212.90 million for the quarter, compared to the consensus estimate of $200.71 million. Quaker Chemical had a return on equity of 15.43% and a net margin of 5.93%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 earnings per share. research analysts forecast that Quaker Chemical Corporation will post 5 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be given a $0.355 dividend. The ex-dividend date is Tuesday, January 16th. This represents a $1.42 annualized dividend and a dividend yield of 0.94%. Quaker Chemical’s dividend payout ratio (DPR) is presently 40.00%.
Several research firms recently commented on KWR. B. Riley set a $165.00 target price on Quaker Chemical and gave the stock a “hold” rating in a report on Monday, November 20th. BidaskClub raised Quaker Chemical from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Jefferies Group reissued a “hold” rating and issued a $153.00 price objective on shares of Quaker Chemical in a report on Sunday, September 3rd. Zacks Investment Research lowered Quaker Chemical from a “hold” rating to a “sell” rating in a report on Saturday, September 9th. Finally, ValuEngine lowered Quaker Chemical from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. Quaker Chemical has a consensus rating of “Hold” and a consensus target price of $163.50.
Quaker Chemical 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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