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Quaker Chemical Co. (NYSE:KWR) Shares Purchased by GW&K … – MarketBeat


GW&K Investment Management LLC boosted its holdings in Quaker Chemical Co. (NYSE:KWRFree Report) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 267,569 shares of the specialty chemicals company’s stock after buying an additional 2,776 shares during the quarter. GW&K Investment Management LLC owned 1.49% of Quaker Chemical worth $52,965,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates boosted its stake in Quaker Chemical by 2.5% in the 1st quarter. Raymond James & Associates now owns 24,633 shares of the specialty chemicals company’s stock worth $4,257,000 after purchasing an additional 607 shares during the period. Bank of New York Mellon Corp boosted its stake in Quaker Chemical by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 133,734 shares of the specialty chemicals company’s stock worth $23,111,000 after purchasing an additional 544 shares during the period. US Bancorp DE boosted its stake in Quaker Chemical by 30.2% in the 1st quarter. US Bancorp DE now owns 754 shares of the specialty chemicals company’s stock worth $131,000 after purchasing an additional 175 shares during the period. MetLife Investment Management LLC boosted its stake in Quaker Chemical by 54.2% in the 1st quarter. MetLife Investment Management LLC now owns 7,035 shares of the specialty chemicals company’s stock worth $1,216,000 after purchasing an additional 2,473 shares during the period. Finally, Panagora Asset Management Inc. boosted its stake in Quaker Chemical by 21.4% in the 1st quarter. Panagora Asset Management Inc. now owns 2,014 shares of the specialty chemicals company’s stock worth $348,000 after purchasing an additional 355 shares during the period. Institutional investors and hedge funds own 79.30% of the company’s stock.

Quaker Chemical Stock Performance

KWR traded down $4.68 during trading on Friday, hitting $169.71. The stock had a trading volume of 94,148 shares, compared to its average volume of 92,669. The company has a 50 day simple moving average of $194.39 and a 200-day simple moving average of $194.78. Quaker Chemical Co. has a 12 month low of $129.06 and a 12 month high of $216.45. The company has a current ratio of 2.84, a quick ratio of 2.05 and a debt-to-equity ratio of 0.65. The firm has a market cap of $3.05 billion, a PE ratio of 359.23, a P/E/G ratio of 1.13 and a beta of 1.39.

Quaker Chemical (NYSE:KWRGet Free Report) last posted its quarterly earnings data on Tuesday, August 1st. The specialty chemicals company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.08. The company had revenue of $495.44 million for the quarter, compared to the consensus estimate of $507.00 million. Quaker Chemical had a net margin of 0.45% and a return on equity of 9.59%. The business’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.32 EPS. Analysts expect that Quaker Chemical Co. will post 7.4 EPS for the current year.

Quaker Chemical Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.07%. This is a positive change from Quaker Chemical’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Monday, October 16th. Quaker Chemical’s dividend payout ratio is presently 370.21%.

Analyst Ratings Changes

KWR has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Quaker Chemical from $220.00 to $235.00 in a research note on Monday, May 8th. StockNews.com initiated coverage on shares of Quaker Chemical in a research note on Thursday, May 18th. They set a “hold” rating for the company. Royal Bank of Canada lifted their target price on shares of Quaker Chemical from $227.00 to $232.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus began coverage on shares of Quaker Chemical in a research note on Thursday, June 1st. They set a “buy” rating and a $250.00 target price for the company.

Get Our Latest Stock Report on Quaker Chemical

Insider Buying and Selling

In other news, EVP Melissa Leneis sold 500 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $190.21, for a total transaction of $95,105.00. Following the completion of the sale, the executive vice president now owns 10,201 shares of the company’s stock, valued at $1,940,332.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP David Slinkman sold 3,683 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $204.20, for a total transaction of $752,068.60. Following the completion of the transaction, the senior vice president now owns 4,682 shares in the company, valued at $956,064.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Melissa Leneis sold 500 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $190.21, for a total transaction of $95,105.00. Following the completion of the sale, the executive vice president now owns 10,201 shares of the company’s stock, valued at approximately $1,940,332.21. The disclosure for this sale can be found here. Insiders sold a total of 12,115 shares of company stock valued at $2,445,443 over the last ninety days. Insiders own 1.30% of the company’s stock.

Quaker Chemical Company Profile

(Free Report)

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications. The company operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses.

See Also

Want to see what other hedge funds are holding KWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quaker Chemical Co. (NYSE:KWRFree Report).

Institutional Ownership by Quarter for Quaker Chemical (NYSE:KWR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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Lucas Leclerc

Tel un mélodiste des pixels, je suis Lucas Leclerc, un Compositeur de Contenus Digitaux orchestrant des récits qui fusionnent la connaissance et l'imagination. Mon passage à l'Université Catholique de Lyon a accordé une symphonie à ma plume. Telle une partition éclectique, mes écrits se déploient des arcanes de la sécurité internationale aux méandres de la politique, des étoiles de la science aux prédictions des bulletins météo. Je navigue entre les lignes avec la même aisance qu'un athlète soucieux de sa santé. Chaque article est une note de transparence, une mélodie d'authenticité. Rejoignez-moi dans cette composition numérique où les mots s'entremêlent pour former une toile captivante de connaissances et de créativité, où la sécurité mondiale danse avec les étoiles, où les sphères politiques se fondent avec la météorologie, et où chaque paragraphe est une sonate pour la compréhension globale.

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