Quaker Chemical Corp. VP L Wilbert Platzer Unloads 2,000 Shares (KWR)
Quaker Chemical Corp. (NYSE:KWR) VP L Wilbert Platzer sold 2,000 shares of the company’s stock on the open market in a transaction dated Monday, May 5th. The stock was sold at an average price of $76.52, for a total transaction of $153,040.00. Following the transaction, the vice president now directly owns 12,058 shares in the company, valued at approximately $922,678. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Quaker Chemical Corp. (NYSE:KWR) traded up 1.34% on Wednesday, hitting $75.79. The stock had a trading volume of 52,148 shares. Quaker Chemical Corp. has a 52-week low of $60.67 and a 52-week high of $81.70. The stock’s 50-day moving average is $78.21 and its 200-day moving average is $76.27. The company has a market cap of $1.002 billion and a price-to-earnings ratio of 17.85.
Quaker Chemical Corp. (NYSE:KWR) last released its earnings data on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.94 by $0.01. The company had revenue of $181.70 million for the quarter, compared to the consensus estimate of $182.97 million. During the same quarter in the prior year, the company posted $0.96 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts expect that Quaker Chemical Corp. will post $4.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 30th. Investors of record on Thursday, July 17th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.58%.
Separately, analysts at First Analysis upgraded shares of Quaker Chemical Corp. from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 1st. They now have a $90.00 price target on the stock.
Quaker Chemical Corporation (NYSE:KWR) develops, produces and markets a range of formulated chemical specialty products for various heavy industrial and manufacturing applications and, in addition, offers and markets chemical management services (CMS).
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