Bank of Montreal Can Decreases Stake in Quaker Chemical Corporation (NYSE:KWR)

Bank of Montreal Can decreased its stake in shares of Quaker Chemical Corporation (NYSE:KWR) by 56.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 974 shares of the specialty chemicals company’s stock after selling 1,239 shares during the period. Bank of Montreal Can’s holdings in Quaker Chemical Corporation were worth $142,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of KWR. Teachers Advisors LLC increased its holdings in shares of Quaker Chemical Corporation by 2.2% during the 4th quarter. Teachers Advisors LLC now owns 25,117 shares of the specialty chemicals company’s stock valued at $3,213,000 after acquiring an additional 537 shares during the last quarter. Profund Advisors LLC increased its holdings in shares of Quaker Chemical Corporation by 20.1% during the 1st quarter. Profund Advisors LLC now owns 2,064 shares of the specialty chemicals company’s stock valued at $272,000 after acquiring an additional 345 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Quaker Chemical Corporation by 7.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 18,408 shares of the specialty chemicals company’s stock valued at $2,423,000 after acquiring an additional 1,208 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Quaker Chemical Corporation by 65.6% during the 1st quarter. First Trust Advisors LP now owns 6,596 shares of the specialty chemicals company’s stock valued at $868,000 after acquiring an additional 2,614 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Quaker Chemical Corporation by 43.0% during the 1st quarter. Advisors Asset Management Inc. now owns 5,566 shares of the specialty chemicals company’s stock valued at $733,000 after acquiring an additional 1,675 shares during the last quarter. 82.75% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on KWR shares. Zacks Investment Research raised Quaker Chemical Corporation from a “hold” rating to a “buy” rating and set a $162.00 price objective on the stock in a report on Wednesday, June 21st. Jefferies Group LLC reissued a “hold” rating and set a $153.00 price objective on shares of Quaker Chemical Corporation in a report on Sunday, September 3rd. BidaskClub lowered Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, FBR & Co reaffirmed a “marketperform” rating on shares of Quaker Chemical Corporation in a report on Tuesday, July 11th.

Shares of Quaker Chemical Corporation (NYSE:KWR) opened at 147.45 on Friday. The firm has a 50-day moving average price of $137.81 and a 200-day moving average price of $139.82. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 37.48 and a beta of 1.22. Quaker Chemical Corporation has a 12-month low of $99.22 and a 12-month high of $154.38.

Quaker Chemical Corporation (NYSE:KWR) last released its quarterly earnings data on Thursday, July 27th. The specialty chemicals company reported $1.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.24. The firm had revenue of $201.18 million for the quarter, compared to analyst estimates of $197.23 million. Quaker Chemical Corporation had a return on equity of 15.52% and a net margin of 6.73%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.11 earnings per share. Equities research analysts anticipate that Quaker Chemical Corporation will post $4.93 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be paid a $0.355 dividend. The ex-dividend date of this dividend is Monday, October 16th. This represents a $1.42 annualized dividend and a yield of 0.96%. Quaker Chemical Corporation’s dividend payout ratio is 36.13%.

In other Quaker Chemical Corporation news, Director Donald R. Caldwell sold 1,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $139.55, for a total value of $251,190.00. Following the sale, the director now owns 9,281 shares in the company, valued at $1,295,163.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jan Nieman sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $140.00, for a total value of $140,000.00. Following the completion of the sale, the vice president now owns 15,636 shares in the company, valued at approximately $2,189,040. The disclosure for this sale can be found here. Insiders sold 3,800 shares of company stock worth $536,190 in the last 90 days. Corporate insiders own 3.60% of the company’s stock.

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About Quaker Chemical Corporation

Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others. The Company’s segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.

Institutional Ownership by Quarter for Quaker Chemical Corporation (NYSE:KWR)

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