Insider Selling: Quaker Chemical Corp (NYSE:KWR) Director Sells 1,957 Shares of Stock

Quaker Chemical Corp (NYSE:KWR) Director Joseph A. Berquist sold 1,957 shares of Quaker Chemical stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $152.41, for a total value of $298,266.37. Following the transaction, the director now directly owns 14,655 shares of the company’s stock, valued at $2,233,568.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

KWR stock traded down $2.37 during midday trading on Friday, reaching $149.57. The stock had a trading volume of 54,862 shares, compared to its average volume of 63,080. The company has a quick ratio of 2.06, a current ratio of 2.63 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1,997.11, a price-to-earnings ratio of 29.85, a PEG ratio of 2.42 and a beta of 1.30. Quaker Chemical Corp has a twelve month low of $129.98 and a twelve month high of $165.93.

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Quaker Chemical (NYSE:KWR) last announced its quarterly earnings data on Wednesday, February 28th. The specialty chemicals company reported $1.27 EPS for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.01. The firm had revenue of $211.10 million during the quarter, compared to analyst estimates of $208.07 million. Quaker Chemical had a return on equity of 15.48% and a net margin of 2.47%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the company earned $1.26 earnings per share. sell-side analysts predict that Quaker Chemical Corp will post 5.63 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be given a dividend of $0.355 per share. The ex-dividend date of this dividend is Friday, April 13th. This represents a $1.42 annualized dividend and a dividend yield of 0.95%. Quaker Chemical’s payout ratio is currently 28.34%.

Several institutional investors have recently bought and sold shares of KWR. First Trust Advisors LP grew its position in shares of Quaker Chemical by 14.2% during the 3rd quarter. First Trust Advisors LP now owns 13,411 shares of the specialty chemicals company’s stock worth $1,984,000 after buying an additional 1,668 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Quaker Chemical during the 3rd quarter worth about $533,000. BNP Paribas Arbitrage SA grew its position in shares of Quaker Chemical by 57.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,921 shares of the specialty chemicals company’s stock worth $1,024,000 after buying an additional 2,517 shares during the period. New York State Common Retirement Fund grew its position in shares of Quaker Chemical by 16.3% during the 3rd quarter. New York State Common Retirement Fund now owns 16,159 shares of the specialty chemicals company’s stock worth $2,391,000 after buying an additional 2,259 shares during the period. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of Quaker Chemical by 58.9% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 4,990 shares of the specialty chemicals company’s stock valued at $738,000 after purchasing an additional 1,850 shares in the last quarter. Institutional investors own 92.19% of the company’s stock.

A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded Quaker Chemical from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a research note on Wednesday, March 14th. Seaport Global Securities restated a “hold” rating and issued a $165.00 target price on shares of Quaker Chemical in a research note on Friday, March 16th. TheStreet lowered Quaker Chemical from a “b” rating to a “c+” rating in a research note on Monday, March 5th. B. Riley set a $165.00 target price on Quaker Chemical and gave the company a “hold” rating in a research note on Thursday, March 1st. Finally, ValuEngine upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $164.00.

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About Quaker Chemical

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.

Insider Buying and Selling by Quarter for Quaker Chemical (NYSE:KWR)

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