Morgan Stanley reduced its stake in shares of Quaker Chemical Corporation (NYSE:KWR) by 26.6% during the first quarter, Holdings Channel reports. The fund owned 34,232 shares of the specialty chemicals company’s stock after selling 12,434 shares during the period. Morgan Stanley’s holdings in Quaker Chemical Corporation were worth $4,506,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of KWR. Guggenheim Capital LLC acquired a new position in shares of Quaker Chemical Corporation during the fourth quarter valued at about $980,000. Teachers Advisors LLC increased its position in shares of Quaker Chemical Corporation by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 25,117 shares of the specialty chemicals company’s stock valued at $3,213,000 after buying an additional 537 shares during the last quarter. Bank of Montreal Can increased its position in shares of Quaker Chemical Corporation by 8.7% in the first quarter. Bank of Montreal Can now owns 2,213 shares of the specialty chemicals company’s stock valued at $292,000 after buying an additional 178 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Quaker Chemical Corporation by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 5,400 shares of the specialty chemicals company’s stock valued at $711,000 after buying an additional 100 shares during the last quarter. Finally, Legato Capital Management LLC increased its position in shares of Quaker Chemical Corporation by 13,066.0% in the first quarter. Legato Capital Management LLC now owns 56,219 shares of the specialty chemicals company’s stock valued at $427,000 after buying an additional 55,792 shares during the last quarter. Hedge funds and other institutional investors own 83.19% of the company’s stock.

Quaker Chemical Corporation (KWR) traded down 0.5857% during midday trading on Friday, hitting $134.6965. The stock had a trading volume of 3,062 shares. Quaker Chemical Corporation has a 52 week low of $96.13 and a 52 week high of $154.38. The company’s 50-day moving average price is $144.64 and its 200 day moving average price is $138.65. The company has a market capitalization of $1.79 billion, a PE ratio of 34.2391 and a beta of 1.22.

Quaker Chemical Corporation (NYSE:KWR) last issued its earnings results on Thursday, July 27th. The specialty chemicals company reported $1.24 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.24. The firm had revenue of $201.18 million for the quarter, compared to the consensus estimate of $197.23 million. Quaker Chemical Corporation had a return on equity of 15.52% and a net margin of 6.73%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.11 EPS. On average, analysts expect that Quaker Chemical Corporation will post $4.93 EPS for the current year.

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KWR has been the subject of several research analyst reports. Zacks Investment Research upgraded Quaker Chemical Corporation from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Wednesday, May 10th. FBR & Co reiterated a “marketperform” rating on shares of Quaker Chemical Corporation in a research report on Tuesday, July 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $153.00 price objective on shares of Quaker Chemical Corporation in a research report on Wednesday, July 19th. Finally, BidaskClub downgraded Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd.

In other Quaker Chemical Corporation news, Director Donald R. Caldwell sold 1,800 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $139.55, for a total value of $251,190.00. Following the sale, the director now owns 9,281 shares of the company’s stock, valued at approximately $1,295,163.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP D Jeffry Benoliel sold 3,000 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $137.69, for a total value of $413,070.00. Following the sale, the vice president now directly owns 26,114 shares in the company, valued at approximately $3,595,636.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,800 shares of company stock worth $802,860. Company insiders own 3.60% of the company’s stock.

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

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