Quaker Chemical Corporation (NYSE:KWR) VP Ronald S. Ettinger sold 367 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $157.16, for a total transaction of $57,677.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Quaker Chemical Corporation (NYSE KWR) traded down $1.25 during trading on Wednesday, hitting $155.89. 48,500 shares of the company’s stock were exchanged, compared to its average volume of 57,269. The firm has a market capitalization of $2,089.85, a P/E ratio of 31.36, a P/E/G ratio of 2.86 and a beta of 1.36. Quaker Chemical Corporation has a 1-year low of $119.43 and a 1-year high of $164.01. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.25 and a current ratio of 2.83.
Quaker Chemical Corporation (NYSE:KWR) last released its earnings results 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 business had revenue of $212.90 million during the quarter, compared to analysts’ expectations of $200.71 million. Quaker Chemical Corporation had a net margin of 5.93% and a return on equity of 15.43%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.25 earnings per share. sell-side analysts expect that Quaker Chemical Corporation will post 5 earnings per share for the current fiscal year.
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A number of research analysts have weighed in on KWR shares. FBR & Co set a $165.00 price objective on shares of Quaker Chemical Corporation and gave the stock a “hold” rating in a research report on Friday, October 27th. BidaskClub downgraded shares of Quaker Chemical Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Quaker Chemical Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, September 23rd. Jefferies Group LLC reiterated a “hold” rating and issued a $153.00 price objective on shares of Quaker Chemical Corporation in a research report on Wednesday, July 19th. Finally, B. Riley reiterated a “neutral” rating on shares of Quaker Chemical Corporation in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $163.00.
Several hedge funds have recently added to or reduced their stakes in KWR. BlackRock Inc. increased its stake in shares of Quaker Chemical Corporation by 82,132.2% during the first quarter. BlackRock Inc. now owns 1,568,991 shares of the specialty chemicals company’s stock worth $206,573,000 after purchasing an additional 1,567,083 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Quaker Chemical Corporation by 17.3% during the third quarter. JPMorgan Chase & Co. now owns 638,073 shares of the specialty chemicals company’s stock worth $95,041,000 after purchasing an additional 94,167 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Quaker Chemical Corporation by 7.2% during the first quarter. Vanguard Group Inc. now owns 1,172,791 shares of the specialty chemicals company’s stock worth $154,409,000 after purchasing an additional 78,298 shares in the last quarter. Shell Asset Management Co. purchased a new stake in shares of Quaker Chemical Corporation during the third quarter worth about $3,910,000. Finally, ProShare Advisors LLC increased its stake in shares of Quaker Chemical Corporation by 2,750.2% during the second quarter. ProShare Advisors LLC now owns 51,189 shares of the specialty chemicals company’s stock worth $7,434,000 after purchasing an additional 49,393 shares in the last quarter. 83.09% of the stock is owned by institutional investors and hedge funds.
Quaker Chemical Corporation Company Profile
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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