First Trust Advisors LP grew its holdings in shares of Quaker Chemical Corporation (NYSE:KWR) by 14.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,411 shares of the specialty chemicals company’s stock after purchasing an additional 1,668 shares during the quarter. First Trust Advisors LP owned approximately 0.10% of Quaker Chemical worth $1,984,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of KWR. Shell Asset Management Co. purchased a new stake in Quaker Chemical in the 3rd quarter valued at about $3,910,000. Ramsey Quantitative Systems purchased a new stake in Quaker Chemical in the 2nd quarter valued at about $337,000. Northern Trust Corp increased its stake in Quaker Chemical by 4.4% during the second quarter. Northern Trust Corp now owns 181,097 shares of the specialty chemicals company’s stock worth $26,300,000 after purchasing an additional 7,602 shares during the period. Goldman Sachs Group Inc. increased its stake in Quaker Chemical by 0.4% during the second quarter. Goldman Sachs Group Inc. now owns 247,111 shares of the specialty chemicals company’s stock worth $35,888,000 after purchasing an additional 876 shares during the period. Finally, Royal Bank of Canada increased its stake in Quaker Chemical by 45.3% during the second quarter. Royal Bank of Canada now owns 11,880 shares of the specialty chemicals company’s stock worth $1,724,000 after purchasing an additional 3,705 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.
In other news, VP Jan Nieman sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $150.00, for a total transaction of $150,000.00. Following the completion of the sale, the vice president now owns 13,636 shares in the company, valued at $2,045,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ronald S. Ettinger sold 367 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $157.16, for a total value of $57,677.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,938 shares of company stock valued at $4,081,305. 3.60% of the stock is owned by company insiders.
Quaker Chemical (NYSE:KWR) last announced its quarterly earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.06. The firm had revenue of $212.90 million during the quarter, compared to the consensus estimate of $200.71 million. Quaker Chemical had a return on equity of 15.43% and a net margin of 5.93%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.25 earnings per share. equities research analysts predict that Quaker Chemical Corporation will post 5 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Tuesday, January 16th. Quaker Chemical’s dividend payout ratio is currently 40.00%.
A number of brokerages have issued reports on KWR. B. Riley set a $165.00 price target on shares of Quaker Chemical and gave the stock a “hold” rating in a research note on Monday, November 20th. BidaskClub raised Quaker Chemical from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Jefferies Group reissued a “hold” rating and set a $153.00 price objective on shares of Quaker Chemical in a research report on Sunday, September 3rd. Zacks Investment Research downgraded Quaker Chemical from a “hold” rating to a “sell” rating in a research report on Saturday, September 9th. Finally, ValuEngine downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $163.50.
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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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