State of Tennessee Treasury Department lowered its position in Quaker Chemical Corporation (NYSE:KWR) by 5.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,685 shares of the specialty chemicals company’s stock after selling 739 shares during the period. State of Tennessee Treasury Department owned about 0.09% of Quaker Chemical Corporation worth $1,729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KWR. Flinton Capital Management LLC grew its holdings in shares of Quaker Chemical Corporation by 29.7% in the second quarter. Flinton Capital Management LLC now owns 768 shares of the specialty chemicals company’s stock worth $111,000 after acquiring an additional 176 shares during the period. Riverhead Capital Management LLC grew its holdings in shares of Quaker Chemical Corporation by 55.3% in the second quarter. Riverhead Capital Management LLC now owns 932 shares of the specialty chemicals company’s stock worth $135,000 after acquiring an additional 332 shares during the period. Advisor Group Inc. grew its holdings in shares of Quaker Chemical Corporation by 15.6% in the second quarter. Advisor Group Inc. now owns 954 shares of the specialty chemicals company’s stock worth $139,000 after acquiring an additional 129 shares during the period. Everence Capital Management Inc. bought a new stake in shares of Quaker Chemical Corporation in the second quarter worth $212,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Quaker Chemical Corporation in the second quarter worth $246,000. 82.70% of the stock is owned by institutional investors.

Shares of Quaker Chemical Corporation (NYSE:KWR) opened at $161.37 on Tuesday. Quaker Chemical Corporation has a fifty-two week low of $120.16 and a fifty-two week high of $164.01. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $2,150.00, a PE ratio of 31.82, a price-to-earnings-growth ratio of 2.90 and a beta of 1.36.

Quaker Chemical Corporation (NYSE:KWR) last released its quarterly earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.06. Quaker Chemical Corporation had a return on equity of 15.43% and a net margin of 5.93%. The business had revenue of $212.90 million during the quarter, compared to analyst estimates of $200.71 million. During the same quarter in the previous year, the company posted $1.25 earnings per share. Quaker Chemical Corporation’s revenue for the quarter was up 11.8% on a year-over-year basis. equities research analysts expect that Quaker Chemical Corporation will post 5 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 0.88%. The ex-dividend date is Tuesday, January 16th. Quaker Chemical Corporation’s dividend payout ratio is presently 39.66%.

Several analysts have issued reports on KWR shares. BidaskClub lowered Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Jefferies Group LLC reissued a “hold” rating and set a $153.00 price target on shares of Quaker Chemical Corporation in a report on Sunday, September 3rd. Zacks Investment Research lowered Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a report on Saturday, September 9th. FBR & Co set a $165.00 price target on Quaker Chemical Corporation and gave the company a “hold” rating in a report on Friday, October 27th. Finally, B. Riley reissued a “neutral” rating on shares of Quaker Chemical Corporation in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Quaker Chemical Corporation currently has an average rating of “Hold” and a consensus price target of $163.50.

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In other news, VP Ronald S. Ettinger sold 367 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $157.16, for a total value of $57,677.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $140,000.00. Following the completion of the transaction, the vice president now owns 15,636 shares in the company, valued at $2,189,040. The disclosure for this sale can be found here. Insiders have sold 21,863 shares of company stock valued at $3,397,942 in the last three months. 3.60% of the stock is currently owned by corporate 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.

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

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