Quaker Chemical Corporation (NYSE:KWR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Saturday.

According to Zacks, “Quaker Chemical Corp. develops, produces, and markets a broad range of formulated chemical specialty products for various heavy industrial and manufacturing applications and, in addition, offers and markets chemical management services. Quaker’s principal products and services include: rolling lubricants, corrosion preventives, metal finishing compounds, machining and grinding compounds, forming compounds, hydraulic fluids, technology for the removal of hydrogen sulfide, chemical milling maskants, construction products and programs to provide chemical management services. “

Other equities analysts have also issued research reports about the stock. Jefferies Group LLC reiterated a “hold” rating and set a $153.00 price objective on shares of Quaker Chemical Corporation in a research report on Sunday, September 3rd. FBR & Co reiterated a “marketperform” rating on shares of Quaker Chemical Corporation in a research report on Tuesday, July 11th. Finally, BidaskClub lowered shares of Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd.

Quaker Chemical Corporation (NYSE:KWR) opened at 138.60 on Friday. The stock has a market cap of $1.84 billion, a PE ratio of 35.23 and a beta of 1.22. Quaker Chemical Corporation has a 12 month low of $96.35 and a 12 month high of $154.38. The company has a 50-day moving average of $139.03 and a 200-day moving average of $139.41.

Quaker Chemical Corporation (NYSE:KWR) last issued its earnings results on Thursday, July 27th. The specialty chemicals company reported $1.24 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.24. Quaker Chemical Corporation had a net margin of 6.73% and a return on equity of 15.52%. The firm had revenue of $201.18 million during the quarter, compared to analyst estimates of $197.23 million. During the same quarter in the prior year, the business earned $1.11 earnings per share. Quaker Chemical Corporation’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts forecast that Quaker Chemical Corporation will post $4.93 EPS for the current fiscal year.

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In other Quaker Chemical Corporation news, VP Jan Nieman sold 1,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $140.00, for a total transaction of $140,000.00. Following the completion of the transaction, the vice president now owns 15,636 shares in the company, valued at $2,189,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donald R. Caldwell sold 1,800 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $139.55, for a total transaction of $251,190.00. Following the transaction, the director now owns 9,281 shares of the company’s stock, valued at approximately $1,295,163.55. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in KWR. BlackRock Inc. lifted its position in Quaker Chemical Corporation by 82,132.2% during the first quarter. BlackRock Inc. now owns 1,568,991 shares of the specialty chemicals company’s stock valued at $206,573,000 after purchasing an additional 1,567,083 shares during the last quarter. Vanguard Group Inc. lifted its position in Quaker Chemical Corporation by 7.2% during the first quarter. Vanguard Group Inc. now owns 1,172,791 shares of the specialty chemicals company’s stock valued at $154,409,000 after purchasing an additional 78,298 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Quaker Chemical Corporation by 35.9% during the first quarter. Bank of New York Mellon Corp now owns 239,215 shares of the specialty chemicals company’s stock valued at $31,496,000 after purchasing an additional 63,207 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Quaker Chemical Corporation by 12.3% during the first quarter. JPMorgan Chase & Co. now owns 510,821 shares of the specialty chemicals company’s stock valued at $67,255,000 after purchasing an additional 55,812 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in Quaker Chemical Corporation by 2,750.2% during the second quarter. ProShare Advisors LLC now owns 51,189 shares of the specialty chemicals company’s stock valued at $7,434,000 after purchasing an additional 49,393 shares during the last quarter. Institutional investors and hedge funds own 82.75% of the company’s stock.

About Quaker Chemical Corporation

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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