Quaker Chemical Corporation (KWR) Director Sells $764,691.81 in Stock
Quaker Chemical Corporation (NYSE:KWR) Director Adrian Steeples sold 4,911 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $155.71, for a total value of $764,691.81. Following the completion of the transaction, the director now directly owns 6,193 shares of the company’s stock, valued at $964,312.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Quaker Chemical Corporation (NYSE:KWR) last issued its earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.06. The company had revenue of $212.90 million during 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%. Quaker Chemical Corporation’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.25 EPS.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were issued a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 0.91%. The ex-dividend date was Monday, October 16th. Quaker Chemical Corporation’s dividend payout ratio is currently 40.00%.
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A number of institutional investors have recently modified their holdings of KWR. Flinton Capital Management LLC boosted its holdings in shares of Quaker Chemical Corporation by 29.7% during the 2nd quarter. Flinton Capital Management LLC now owns 768 shares of the specialty chemicals company’s stock valued at $111,000 after purchasing an additional 176 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in shares of Quaker Chemical Corporation by 55.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 932 shares of the specialty chemicals company’s stock valued at $135,000 after purchasing an additional 332 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of Quaker Chemical Corporation by 15.6% during the 2nd quarter. Advisor Group Inc. now owns 954 shares of the specialty chemicals company’s stock valued at $139,000 after purchasing an additional 129 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of Quaker Chemical Corporation during the 2nd quarter valued at about $212,000. Finally, Park National Corp OH bought a new position in shares of Quaker Chemical Corporation during the 2nd quarter valued at about $220,000. 83.11% of the stock is owned by institutional investors.
A number of research firms have recently commented on KWR. Zacks Investment Research raised Quaker Chemical Corporation from a “hold” rating to a “buy” rating and set a $171.00 price target for the company in a report on Wednesday. FBR & Co set a $165.00 price target on Quaker Chemical Corporation and gave the stock a “hold” rating in a report on Friday, October 27th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $153.00 price target on shares of Quaker Chemical Corporation in a report on Sunday, September 3rd. Finally, BidaskClub raised Quaker Chemical Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th.
Quaker Chemical Corporation Company 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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