Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Quaker Chemical Co. (NYSE:KWR – Get Rating) by 17.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,585 shares of the specialty chemicals company’s stock after purchasing an additional 2,170 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.08% of Quaker Chemical worth $2,434,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC grew its holdings in Quaker Chemical by 327.5% in the third quarter. Quadrant Capital Group LLC now owns 436 shares of the specialty chemicals company’s stock valued at $63,000 after purchasing an additional 334 shares during the last quarter. US Bancorp DE grew its stake in Quaker Chemical by 30.2% in the 1st quarter. US Bancorp DE now owns 754 shares of the specialty chemicals company’s stock valued at $131,000 after acquiring an additional 175 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Quaker Chemical by 63.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the specialty chemicals company’s stock valued at $162,000 after acquiring an additional 435 shares in the last quarter. Captrust Financial Advisors raised its position in Quaker Chemical by 10.9% during the second quarter. Captrust Financial Advisors now owns 1,213 shares of the specialty chemicals company’s stock worth $181,000 after acquiring an additional 119 shares during the last quarter. Finally, Pettee Investors Inc. purchased a new stake in shares of Quaker Chemical in the fourth quarter valued at about $209,000. 80.91% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages recently issued reports on KWR. Stifel Nicolaus assumed coverage on Quaker Chemical in a research report on Thursday, June 1st. They set a “buy” rating and a $250.00 price objective for the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Quaker Chemical from $220.00 to $235.00 in a research report on Monday, May 8th. Royal Bank of Canada lifted their price target on shares of Quaker Chemical from $203.00 to $227.00 in a report on Monday, May 8th. Finally, StockNews.com started coverage on shares of Quaker Chemical in a research report on Thursday, May 18th. They set a “hold” rating on the stock.
Quaker Chemical Trading Down 0.2 %
Quaker Chemical (NYSE:KWR – Get Rating) last announced its quarterly earnings results on Friday, May 5th. The specialty chemicals company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.54. The company had revenue of $500.15 million for the quarter, compared to analyst estimates of $485.29 million. Quaker Chemical had a negative net margin of 0.32% and a positive return on equity of 8.74%. Quaker Chemical’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business earned $1.42 EPS. As a group, equities analysts forecast that Quaker Chemical Co. will post 7.43 EPS for the current year.
Quaker Chemical Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be issued a dividend of $0.435 per share. 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 payout ratio is currently -483.33%.
Insider Buying and Selling
In other Quaker Chemical news, EVP Melissa Leneis sold 500 shares of Quaker Chemical stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $190.21, for a total transaction of $95,105.00. Following the transaction, the executive vice president now directly owns 10,201 shares of the company’s stock, valued at $1,940,332.21. The sale was disclosed in a filing with the SEC, which is available at this link. In other Quaker Chemical news, EVP Melissa Leneis sold 500 shares of the business’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $190.21, for a total transaction of $95,105.00. Following the transaction, the executive vice president now owns 10,201 shares in the company, valued at $1,940,332.21. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffry D. Frisby sold 3,487 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $209.00, for a total value of $728,783.00. Following the completion of the sale, the director now owns 4,685 shares of the company’s stock, valued at approximately $979,165. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,395 shares of company stock valued at $5,794,248. 1.30% of the stock is currently owned by corporate insiders.
About Quaker Chemical
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications. The company operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses.
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