Macquarie Group Ltd. Boosts Stake in Quaker Chemical Corp. (KWR)
Macquarie Group Ltd. increased its position in Quaker Chemical Corp. (NYSE:KWR) by 27.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 230,338 shares of the company’s stock after buying an additional 49,678 shares during the period. Macquarie Group Ltd. owned approximately 1.74% of Quaker Chemical Corp. worth $20,546,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in KWR. PineBridge Investments L.P. raised its position in shares of Quaker Chemical Corp. by 4.1% in the second quarter. PineBridge Investments L.P. now owns 1,679 shares of the company’s stock worth $150,000 after buying an additional 66 shares during the period. Howe & Rusling Inc. raised its position in shares of Quaker Chemical Corp. by 3.6% in the second quarter. Howe & Rusling Inc. now owns 1,750 shares of the company’s stock worth $156,000 after buying an additional 60 shares during the period. Teacher Retirement System of Texas raised its position in shares of Quaker Chemical Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 1,862 shares of the company’s stock worth $166,000 after buying an additional 227 shares during the period. Legal & General Group Plc raised its position in shares of Quaker Chemical Corp. by 13.5% in the second quarter. Legal & General Group Plc now owns 2,110 shares of the company’s stock worth $183,000 after buying an additional 251 shares during the period. Finally, BlackRock Inc. raised its position in shares of Quaker Chemical Corp. by 108.6% in the second quarter. BlackRock Inc. now owns 2,121 shares of the company’s stock worth $190,000 after buying an additional 1,104 shares during the period. Institutional investors and hedge funds own 83.03% of the company’s stock.
Shares of Quaker Chemical Corp. (NYSE:KWR) traded up 1.24% during trading on Friday, reaching $126.18. The company’s stock had a trading volume of 22,665 shares. The company has a market capitalization of $1.67 billion, a P/E ratio of 30.21 and a beta of 1.06. The company’s 50-day moving average is $110.79 and its 200-day moving average is $98.39. Quaker Chemical Corp. has a 12 month low of $68.20 and a 12 month high of $126.18.
Quaker Chemical Corp. (NYSE:KWR) last released its earnings results on Wednesday, October 26th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. Quaker Chemical Corp. had a return on equity of 15.02% and a net margin of 7.49%. The business had revenue of $190.40 million for the quarter, compared to the consensus estimate of $190.83 million. During the same period last year, the business earned $1.19 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts forecast that Quaker Chemical Corp. will post $4.53 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 17th will be given a dividend of $345.00 per share. The ex-dividend date of this dividend is Thursday, January 12th. This is an increase from Quaker Chemical Corp.’s previous quarterly dividend of $0.35. This represents a $1,380.00 dividend on an annualized basis and a yield of 1,093.68%. Quaker Chemical Corp.’s dividend payout ratio (DPR) is 33.01%.
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Separately, Zacks Investment Research lowered Quaker Chemical Corp. from a “hold” rating to a “sell” rating in a report on Thursday, October 20th.
Quaker Chemical Corp. Company Profile
Quaker Chemical Corporation is engaged in providing process fluids, chemical specialties and technical expertise to a range of industries, including steel, aluminum, automotive, mining, aerospace, tube and pipe, cans and others. The Company operates through four segments: North America, the Europe; Middle East and Africa (EMEA); Asia/Pacific, and South America.
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