Quaker Chemical Corporation (KWR) VP L Wilbert Platzer Sells 1,000 Shares
Quaker Chemical Corporation (NYSE:KWR) VP L Wilbert Platzer sold 1,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $156.75, for a total value of $156,750.00. Following the completion of the sale, the vice president now owns 5,810 shares of the company’s stock, valued at $910,717.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Quaker Chemical Corporation (NYSE:KWR) last posted its quarterly earnings data on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.06. The company had revenue of $212.90 million during the quarter, compared to analyst estimates of $200.71 million. Quaker Chemical Corporation had a return on equity of 15.43% and a net margin of 5.93%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company earned $1.25 earnings per share.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were paid a dividend of $0.355 per share. 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 40.00%.
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Several analysts recently issued reports on the company. Zacks Investment Research upgraded Quaker Chemical Corporation from a “hold” rating to a “buy” rating and set a $171.00 price target for the company in a research note on Wednesday. FBR & Co set a $165.00 price target on Quaker Chemical Corporation and gave the company a “hold” rating in a research note on Friday, October 27th. BidaskClub downgraded Quaker Chemical Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $153.00 price target on shares of Quaker Chemical Corporation in a research note on Wednesday, July 19th.
A number of large investors have recently bought and sold shares of KWR. Flinton Capital Management LLC boosted its stake in Quaker Chemical Corporation by 29.7% during the second quarter. Flinton Capital Management LLC now owns 768 shares of the specialty chemicals company’s stock valued at $111,000 after buying an additional 176 shares during the period. Riverhead Capital Management LLC boosted its stake in Quaker Chemical Corporation by 55.3% during the second quarter. Riverhead Capital Management LLC now owns 932 shares of the specialty chemicals company’s stock valued at $135,000 after buying an additional 332 shares during the period. Advisor Group Inc. boosted its stake in Quaker Chemical Corporation by 15.6% during the second quarter. Advisor Group Inc. now owns 954 shares of the specialty chemicals company’s stock valued at $139,000 after buying an additional 129 shares during the period. Everence Capital Management Inc. bought a new stake in Quaker Chemical Corporation during the second quarter valued at $212,000. Finally, Park National Corp OH bought a new stake in Quaker Chemical Corporation during the second quarter valued at $220,000. 83.11% of the stock is owned by institutional investors.
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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