Chatham Capital Group Inc. Trims Holdings in Quaker Chemical Co. (KWR)

Chatham Capital Group Inc. trimmed its position in shares of Quaker Chemical Co. (NYSE:KWR) by 36.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,860 shares of the specialty chemicals company’s stock after selling 4,550 shares during the period. Chatham Capital Group Inc. owned 0.06% of Quaker Chemical worth $1,164,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Aperio Group LLC grew its holdings in Quaker Chemical by 6.1% during the fourth quarter. Aperio Group LLC now owns 5,903 shares of the specialty chemicals company’s stock valued at $890,000 after purchasing an additional 339 shares during the period. UBS Asset Management Americas Inc. grew its holdings in Quaker Chemical by 4.9% during the fourth 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 period. Geode Capital Management LLC grew its holdings in Quaker Chemical by 0.3% during the fourth 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 period. Comerica Bank grew its holdings in Quaker Chemical by 2.9% during the first 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 period. Finally, Prudential Financial Inc. grew its holdings in Quaker Chemical by 2.2% during the first 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 period. 92.17% of the stock is owned by institutional investors and hedge funds.

NYSE:KWR opened at $154.16 on Friday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 2.42 and a beta of 1.30. Quaker Chemical Co. has a 1 year low of $151.16 and a 1 year high of $152.06. The company has a current ratio of 2.73, a quick ratio of 2.12 and a debt-to-equity ratio of 0.16.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 17th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, July 16th. This represents a $1.48 annualized dividend and a dividend yield of 0.96%. This is an increase from Quaker Chemical’s previous quarterly dividend of $0.36. Quaker Chemical’s dividend payout ratio is currently 28.34%.

In related news, VP D Jeffry Benoliel sold 3,625 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $150.38, for a total value of $545,127.50. Following the sale, the vice president now owns 5,827 shares in the company, valued at $876,264.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph A. Berquist sold 1,957 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $152.41, for a total value of $298,266.37. Following the completion of the sale, the director now owns 14,655 shares in the company, valued at approximately $2,233,568.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,186 shares of company stock worth $1,399,442. Company insiders own 3.20% of the company’s stock.

KWR has been the subject of several research reports. TheStreet raised Quaker Chemical from a “c+” rating to a “b” rating in a report on Tuesday. ValuEngine raised Quaker Chemical from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research upgraded Quaker Chemical from a “hold” rating to a “buy” rating and set a $172.00 target price on the stock in a research report on Thursday, March 22nd. 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. Finally, Seaport Global Securities restated a “hold” rating and set a $165.00 target price on shares of Quaker Chemical in a research report on Friday, March 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $164.00.

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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