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.
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.
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.
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