Quaker Chemical (KWR) Sets New 1-Year High at $201.26
Quaker Chemical Corp (NYSE:KWR) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $201.26 and last traded at $201.05, with a volume of 1048 shares changing hands. The stock had previously closed at $199.17.
KWR has been the subject of a number of research analyst reports. Janney Montgomery Scott initiated coverage on Quaker Chemical in a research report on Friday, July 13th. They issued a “neutral” rating and a $170.00 target price for the company. Zacks Investment Research cut Quaker Chemical from a “hold” rating to a “sell” rating in a research report on Thursday, July 12th. Finally, B. Riley set a $170.00 target price on Quaker Chemical and gave the company a “hold” rating in a research report on Tuesday, July 31st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Quaker Chemical has a consensus rating of “Hold” and an average price target of $176.20.
The stock has a market cap of $2.65 billion, a PE ratio of 39.75, a PEG ratio of 3.05 and a beta of 1.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.78 and a quick ratio of 2.15.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Wednesday, October 17th will be given a $0.37 dividend. The ex-dividend date is Tuesday, October 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.74%. Quaker Chemical’s dividend payout ratio (DPR) is presently 29.54%.
In other Quaker Chemical news, VP Joseph A. Berquist sold 500 shares of the stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $170.84, for a total transaction of $85,420.00. Following the completion of the sale, the vice president now directly owns 11,411 shares of the company’s stock, valued at approximately $1,949,455.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Ronald S. Ettinger sold 663 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $173.50, for a total value of $115,030.50. Following the sale, the vice president now directly owns 4,028 shares of the company’s stock, valued at $698,858. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,520 shares of company stock valued at $1,486,414. Insiders own 3.20% of the company’s stock.
A number of institutional investors have recently bought and sold shares of KWR. Advisors Asset Management Inc. lifted its position in Quaker Chemical by 22,999.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 821,411 shares of the specialty chemicals company’s stock worth $520,000 after acquiring an additional 817,855 shares during the period. BlackRock Inc. lifted its position in Quaker Chemical by 7.2% during the 2nd quarter. BlackRock Inc. now owns 1,810,056 shares of the specialty chemicals company’s stock worth $280,323,000 after acquiring an additional 120,989 shares during the period. Mainstay Capital Management LLC ADV acquired a new stake in Quaker Chemical during the 2nd quarter worth approximately $721,000. Cortina Asset Management LLC lifted its position in Quaker Chemical by 57.6% during the 1st quarter. Cortina Asset Management LLC now owns 89,910 shares of the specialty chemicals company’s stock worth $13,318,000 after acquiring an additional 32,863 shares during the period. Finally, Macquarie Group Ltd. lifted its position in Quaker Chemical by 11.2% during the 2nd quarter. Macquarie Group Ltd. now owns 275,731 shares of the specialty chemicals company’s stock worth $42,702,000 after acquiring an additional 27,824 shares during the period. 98.16% of the stock is owned by institutional investors.
About Quaker Chemical (NYSE:KWR)
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. Its products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.
Recommended Story: Price to Earnings Ratio (PE)
Receive News & Ratings for Quaker Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quaker Chemical and related companies with MarketBeat.com's FREE daily email newsletter.