Brinker Capital Inc. lifted its position in shares of Quaker Chemical Corp (NYSE:KWR) by 28.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,886 shares of the specialty chemicals company’s stock after buying an additional 1,520 shares during the period. Brinker Capital Inc. owned about 0.05% of Quaker Chemical worth $1,020,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its position in Quaker Chemical by 6.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 82,213 shares of the specialty chemicals company’s stock valued at $12,397,000 after purchasing an additional 4,758 shares during the last quarter. Aperio Group LLC lifted its position in shares of Quaker Chemical by 6.1% in the fourth quarter. Aperio Group LLC now owns 5,903 shares of the specialty chemicals company’s stock valued at $890,000 after buying an additional 339 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Quaker Chemical in the fourth quarter valued at approximately $689,000. Arizona State Retirement System lifted its position in shares of Quaker Chemical by 223.0% in the fourth quarter. Arizona State Retirement System now owns 22,353 shares of the specialty chemicals company’s stock valued at $3,371,000 after buying an additional 15,432 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Quaker Chemical by 11.6% during the fourth quarter. Rhumbline Advisers now owns 37,119 shares of the specialty chemicals company’s stock worth $5,597,000 after purchasing an additional 3,844 shares during the period. 92.42% of the stock is owned by institutional investors.
In other news, Director Donald R. Caldwell sold 1,305 shares of Quaker Chemical stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $152.78, for a total value of $199,377.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP D Jeffry Benoliel sold 6,116 shares of Quaker Chemical stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $157.01, for a total value of $960,273.16. Following the completion of the transaction, the vice president now directly owns 11,671 shares of the company’s stock, valued at $1,832,463.71. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by insiders.
Shares of KWR stock traded down $0.41 during trading hours on Friday, reaching $160.94. The company’s stock had a trading volume of 1,744 shares, compared to its average volume of 37,474. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.12 and a current ratio of 2.73. Quaker Chemical Corp has a fifty-two week low of $129.98 and a fifty-two week high of $165.93. The company has a market cap of $2.15 billion, a PE ratio of 32.32, a P/E/G ratio of 2.59 and a beta of 1.29.
Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Monday, April 30th. The specialty chemicals company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.13. Quaker Chemical had a return on equity of 16.10% and a net margin of 3.11%. The company had revenue of $212.10 million for the quarter, compared to the consensus estimate of $206.60 million. During the same quarter last year, the business posted $1.18 EPS. Quaker Chemical’s revenue for the quarter was up 8.8% on a year-over-year basis. equities analysts predict that Quaker Chemical Corp will post 5.65 EPS 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 issued a dividend of $0.37 per share. The ex-dividend date is Monday, July 16th. This is an increase from Quaker Chemical’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a yield of 0.92%. Quaker Chemical’s payout ratio is presently 28.34%.
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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