Quaker Chemical Corp (KWR) Holdings Reduced by State of Tennessee Treasury Department

State of Tennessee Treasury Department reduced its holdings in Quaker Chemical Corp (NYSE:KWR) by 9.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,536 shares of the specialty chemicals company’s stock after selling 1,002 shares during the period. State of Tennessee Treasury Department owned approximately 0.07% of Quaker Chemical worth $1,413,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KWR. Aperio Group LLC boosted its stake in Quaker Chemical by 6.1% in the 4th quarter. Aperio Group LLC now owns 5,903 shares of the specialty chemicals company’s stock valued at $890,000 after buying an additional 339 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in Quaker Chemical by 4.9% in the 4th quarter. UBS Asset Management Americas Inc. now owns 7,731 shares of the specialty chemicals company’s stock valued at $1,166,000 after purchasing an additional 362 shares during the last quarter. Geode Capital Management LLC raised its position in Quaker Chemical by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 108,215 shares of the specialty chemicals company’s stock valued at $16,317,000 after purchasing an additional 365 shares during the last quarter. Comerica Bank raised its position in Quaker Chemical by 2.9% in the 1st quarter. Comerica Bank now owns 14,270 shares of the specialty chemicals company’s stock valued at $2,195,000 after purchasing an additional 399 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Quaker Chemical by 2.2% in the 1st quarter. Prudential Financial Inc. now owns 23,282 shares of the specialty chemicals company’s stock valued at $3,449,000 after purchasing an additional 500 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

KWR stock opened at $160.98 on Monday. Quaker Chemical Corp has a twelve month low of $129.98 and a twelve month high of $165.93. The company has a quick ratio of 2.12, a current ratio of 2.73 and a debt-to-equity ratio of 0.16. The firm has a market cap of $2.14 billion, a PE ratio of 32.13, a PEG ratio of 2.59 and a beta of 1.29.



Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Monday, April 30th. The specialty chemicals company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.13. The company had revenue of $212.10 million during the quarter, compared to analysts’ expectations of $206.60 million. Quaker Chemical had a net margin of 3.11% and a return on equity of 16.10%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.18 EPS. equities research analysts predict that Quaker Chemical Corp will post 5.65 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Tuesday, July 17th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, July 16th. This represents a $1.48 annualized dividend and a dividend yield of 0.92%. This is a positive change from Quaker Chemical’s previous quarterly dividend of $0.36. Quaker Chemical’s payout ratio is currently 28.34%.

Several brokerages have issued reports on KWR. Zacks Investment Research upgraded Quaker Chemical from a “hold” rating to a “buy” rating and set a $176.00 price objective for the company in a research report on Wednesday, March 14th. TheStreet upgraded Quaker Chemical from a “c+” rating to a “b” rating in a research report on Tuesday, May 15th. ValuEngine upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Seaport Global Securities reiterated a “hold” rating and issued a $165.00 price objective on shares of Quaker Chemical in a research report on Friday, March 16th. Finally, B. Riley set a $165.00 target price on Quaker Chemical and gave the stock a “hold” rating in a research report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $164.00.

In related news, VP D Jeffry Benoliel sold 6,116 shares of the business’s stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $157.01, for a total transaction of $960,273.16. Following the completion of the transaction, the vice president now owns 11,671 shares in the company, valued at approximately $1,832,463.71. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Donald R. Caldwell sold 1,305 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $152.78, for a total transaction of $199,377.90. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.

Quaker Chemical Profile

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. Its products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.

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

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