Quaker Chemical Corp (NYSE:KWR) – Seaport Global Securities issued their FY2019 EPS estimates for shares of Quaker Chemical in a report issued on Thursday. Seaport Global Securities analyst M. Harrison anticipates that the specialty chemicals company will post earnings per share of $6.26 for the year.
KWR has been the subject of several other reports. Zacks Investment Research raised Quaker Chemical from a “hold” rating to a “buy” rating and set a $171.00 target price for the company in a report on Wednesday, November 1st. FBR & Co set a $165.00 target price on Quaker Chemical and gave the company a “hold” rating in a report on Friday, October 27th. ValuEngine lowered Quaker Chemical from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, B. Riley set a $165.00 target price on Quaker Chemical and gave the company a “hold” rating in a report on Monday, November 20th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $163.50.
Quaker Chemical (NYSE:KWR) last issued its quarterly earnings data on Thursday, October 26th. The specialty chemicals company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.06. The firm had revenue of $212.90 million during the quarter, compared to analyst estimates of $200.71 million. Quaker Chemical had a return on equity of 15.43% and a net margin of 5.93%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 EPS.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Flinton Capital Management LLC grew its holdings in Quaker Chemical 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 purchasing an additional 176 shares during the period. Riverhead Capital Management LLC grew its holdings in Quaker Chemical 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 purchasing an additional 332 shares during the period. Advisor Group Inc. lifted its position in shares of Quaker Chemical by 15.6% during the second quarter. Advisor Group Inc. now owns 954 shares of the specialty chemicals company’s stock worth $139,000 after acquiring an additional 129 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Quaker Chemical during the second quarter worth $246,000. Finally, Virginia Retirement Systems ET AL purchased a new stake in shares of Quaker Chemical during the third quarter worth $252,000. 84.09% of the stock is owned by institutional investors and hedge funds.
In other Quaker Chemical news, Director Mark Douglas sold 1,575 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $164.23, for a total transaction of $258,662.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Adrian Steeples sold 4,911 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $155.71, for a total value of $764,691.81. Following the transaction, the director now directly owns 6,193 shares of the company’s stock, valued at $964,312.03. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,938 shares of company stock valued at $3,786,305. 3.60% of the stock is currently owned by corporate insiders.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be issued a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Tuesday, January 16th. Quaker Chemical’s dividend payout ratio is presently 40.00%.
About Quaker Chemical
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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