State Street Corp Grows Holdings in Quaker Chemical Corporation (KWR)
State Street Corp boosted its holdings in Quaker Chemical Corporation (NYSE:KWR) by 4.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 327,387 shares of the specialty chemicals company’s stock after purchasing an additional 14,687 shares during the quarter. State Street Corp owned approximately 2.46% of Quaker Chemical Corporation worth $47,550,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Flinton Capital Management LLC boosted its holdings in 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 purchasing an additional 176 shares during the period. Riverhead Capital Management LLC boosted its holdings in 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 purchasing an additional 332 shares during the period. Advisor Group Inc. boosted its holdings in 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 purchasing an additional 129 shares during the period. Everence Capital Management Inc. acquired a new position in Quaker Chemical Corporation in the second quarter worth $212,000. Finally, Amalgamated Bank boosted its holdings in Quaker Chemical Corporation by 5.1% in the second quarter. Amalgamated Bank now owns 1,810 shares of the specialty chemicals company’s stock worth $263,000 after purchasing an additional 88 shares during the period. 83.11% of the stock is owned by hedge funds and other institutional investors.
In other news, VP L Wilbert Platzer sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $156.75, for a total value of $156,750.00. Following the sale, the vice president now directly owns 5,810 shares of the company’s stock, valued at approximately $910,717.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jan Nieman sold 5,604 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $153.22, for a total transaction of $858,644.88. Following the completion of the sale, the vice president now directly owns 7,803 shares in the company, valued at $1,195,575.66. The disclosure for this sale can be found here. Insiders sold a total of 15,515 shares of company stock worth $2,370,087 over the last three months. Insiders own 3.60% of the company’s stock.
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Quaker Chemical Corporation (NYSE:KWR) opened at $160.13 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.25 and a current ratio of 2.83. The firm has a market cap of $2.09 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 2.85 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 analysts’ consensus estimates 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 Corporation had a net margin of 5.93% and a return on equity of 15.43%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.25 EPS. research analysts anticipate that Quaker Chemical Corporation will post 5.02 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th were paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Monday, October 16th. Quaker Chemical Corporation’s dividend payout ratio (DPR) is 40.00%.
KWR has been the subject of a number of research reports. FBR & Co set a $165.00 price objective on shares of Quaker Chemical Corporation and gave the stock a “hold” rating in a report on Friday, October 27th. BidaskClub downgraded shares of Quaker Chemical Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Zacks Investment Research raised shares of Quaker Chemical Corporation from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Finally, Jefferies Group LLC reissued a “hold” rating and set a $153.00 price target on shares of Quaker Chemical Corporation in a report on Wednesday, July 19th.
Quaker Chemical Corporation 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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