MML Investors Services LLC reduced its stake in shares of Quaker Chemical Corp (NYSE:KWR) by 5.9% during the first quarter, HoldingsChannel reports. The firm owned 4,891 shares of the specialty chemicals company’s stock after selling 306 shares during the period. MML Investors Services LLC’s holdings in Quaker Chemical were worth $980,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Legal & General Group Plc raised its position in Quaker Chemical by 1.6% in the fourth quarter. Legal & General Group Plc now owns 31,483 shares of the specialty chemicals company’s stock worth $5,594,000 after acquiring an additional 507 shares in the last quarter. 361 Capital LLC bought a new stake in Quaker Chemical in the fourth quarter worth about $2,308,000. Principal Financial Group Inc. raised its position in Quaker Chemical by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 110,100 shares of the specialty chemicals company’s stock worth $19,566,000 after acquiring an additional 611 shares in the last quarter. Kimelman & Baird LLC raised its position in Quaker Chemical by 4.0% in the fourth quarter. Kimelman & Baird LLC now owns 2,610 shares of the specialty chemicals company’s stock worth $464,000 after acquiring an additional 100 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in Quaker Chemical by 3.1% in the fourth quarter. Great West Life Assurance Co. Can now owns 17,945 shares of the specialty chemicals company’s stock worth $2,940,000 after acquiring an additional 545 shares in the last quarter. Institutional investors and hedge funds own 98.39% of the company’s stock.
Several equities research analysts have commented on the stock. Janney Montgomery Scott upgraded shares of Quaker Chemical from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Zacks Investment Research cut shares of Quaker Chemical from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $187.25.
Shares of Quaker Chemical stock opened at $203.01 on Friday. The company has a current ratio of 2.65, a quick ratio of 2.02 and a debt-to-equity ratio of 0.07. Quaker Chemical Corp has a 52 week low of $151.43 and a 52 week high of $224.30. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 2.66 and a beta of 1.54.
Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Thursday, May 2nd. The specialty chemicals company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.40 by $0.01. Quaker Chemical had a net margin of 6.99% and a return on equity of 18.73%. The firm had revenue of $211.20 million for the quarter, compared to analysts’ expectations of $213.99 million. During the same period in the previous year, the business earned $1.41 earnings per share. Quaker Chemical’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, analysts predict that Quaker Chemical Corp will post 6.8 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a $0.385 dividend. The ex-dividend date is Tuesday, July 16th. This represents a $1.54 dividend on an annualized basis and a yield of 0.76%. This is a boost from Quaker Chemical’s previous quarterly dividend of $0.37. Quaker Chemical’s dividend payout ratio (DPR) is currently 24.50%.
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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. The company's 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.
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