Arizona State Retirement System grew its position in Quaker Chemical Co. (NYSE:KWR – Get Rating) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,541 shares of the specialty chemicals company’s stock after purchasing an additional 134 shares during the period. Arizona State Retirement System’s holdings in Quaker Chemical were worth $591,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Macquarie Group Ltd. raised its holdings in Quaker Chemical by 1.3% in the third quarter. Macquarie Group Ltd. now owns 285,793 shares of the specialty chemicals company’s stock worth $41,279,000 after purchasing an additional 3,793 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Quaker Chemical by 19.3% during the third quarter. Russell Investments Group Ltd. now owns 32,532 shares of the specialty chemicals company’s stock worth $4,696,000 after acquiring an additional 5,270 shares during the period. Pettee Investors Inc. acquired a new stake in shares of Quaker Chemical during the fourth quarter worth $209,000. Bridge City Capital LLC raised its holdings in shares of Quaker Chemical by 3.4% during the third quarter. Bridge City Capital LLC now owns 12,192 shares of the specialty chemicals company’s stock worth $1,760,000 after acquiring an additional 401 shares during the period. Finally, Royce & Associates LP raised its holdings in shares of Quaker Chemical by 2.8% during the third quarter. Royce & Associates LP now owns 421,876 shares of the specialty chemicals company’s stock worth $60,910,000 after acquiring an additional 11,581 shares during the period. 80.91% of the stock is currently owned by institutional investors and hedge funds.
Quaker Chemical Stock Up 1.3 %
Quaker Chemical stock opened at $203.58 on Thursday. The company has a market cap of $3.66 billion, a P/E ratio of -565.50 and a beta of 1.43. Quaker Chemical Co. has a 1-year low of $129.06 and a 1-year high of $216.45. The company has a fifty day simple moving average of $192.09 and a 200 day simple moving average of $187.99. The company has a current ratio of 2.79, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70.
Quaker Chemical Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be given a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Friday, July 14th. Quaker Chemical’s dividend payout ratio (DPR) is presently -483.33%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on KWR. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Quaker Chemical from $220.00 to $235.00 in a report on Monday, May 8th. StockNews.com started coverage on shares of Quaker Chemical in a report on Thursday. They set a “hold” rating on the stock. Finally, Royal Bank of Canada raised their target price on shares of Quaker Chemical from $203.00 to $227.00 in a research report on Monday, May 8th.
Insider Activity
In other news, CAO David Will sold 138 shares of Quaker Chemical stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $205.41, for a total value of $28,346.58. Following the completion of the transaction, the chief accounting officer now owns 1,723 shares of the company’s stock, valued at approximately $353,921.43. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO David Will sold 138 shares of Quaker Chemical stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $205.41, for a total value of $28,346.58. Following the completion of the transaction, the chief accounting officer now owns 1,723 shares of the company’s stock, valued at approximately $353,921.43. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Melissa Leneis sold 702 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $201.55, for a total transaction of $141,488.10. Following the sale, the executive vice president now owns 10,201 shares of the company’s stock, valued at approximately $2,056,011.55. The disclosure for this sale can be found here. Insiders sold a total of 24,408 shares of company stock valued at $4,970,360 in the last quarter. Company insiders own 1.30% of the company’s stock.
Quaker Chemical Profile
Quaker Houghton engages in the business of developing, producing, and marketing formulated chemical specialty products. It operates through the following geographical segments: Americas, Europe, Middle East and Africa, Asia Pacific, and Global Specialty Businesses. Its products include can making lubricants, cleaners, coatings, cold rolling oils, corrosion preventives, die casting lubricants, dust suppressants, greases, ground control agents, hot rolling oils, hydraulic fluids, industrial lubricants, longwall fluids, metal forming fluids, metal removal fluids, pickle oils, surface treatments, temper fluids, and tin plating.
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