Neuberger Berman Group LLC Purchases 37,365 Shares of Quaker Chemical Corporation (KWR)
Neuberger Berman Group LLC boosted its position in Quaker Chemical Corporation (NYSE:KWR) by 6.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 610,234 shares of the specialty chemicals company’s stock after buying an additional 37,365 shares during the period. Neuberger Berman Group LLC owned approximately 4.58% of Quaker Chemical Corporation worth $88,624,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of KWR. Bridge City Capital LLC purchased a new position in shares of Quaker Chemical Corporation during the second quarter worth about $1,242,000. Everence Capital Management Inc. purchased a new position in shares of Quaker Chemical Corporation during the second quarter worth about $212,000. BNP Paribas Arbitrage SA boosted its position in shares of Quaker Chemical Corporation by 62.5% in the second quarter. BNP Paribas Arbitrage SA now owns 4,404 shares of the specialty chemicals company’s stock worth $640,000 after buying an additional 1,694 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Quaker Chemical Corporation by 8.8% in the second quarter. Legal & General Group Plc now owns 25,753 shares of the specialty chemicals company’s stock worth $3,740,000 after buying an additional 2,074 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Quaker Chemical Corporation by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 241,571 shares of the specialty chemicals company’s stock worth $35,083,000 after buying an additional 2,356 shares during the last quarter. 82.75% of the stock is owned by institutional investors and hedge funds.
Shares of Quaker Chemical Corporation (NYSE:KWR) opened at 136.48 on Thursday. The stock has a 50 day moving average price of $141.74 and a 200 day moving average price of $138.99. Quaker Chemical Corporation has a 52 week low of $96.35 and a 52 week high of $154.38. The firm has a market cap of $1.82 billion, a PE ratio of 34.69 and a beta of 1.22.
Quaker Chemical Corporation (NYSE:KWR) last announced its quarterly earnings data on Thursday, July 27th. The specialty chemicals company reported $1.24 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.24. The business had revenue of $201.18 million during the quarter, compared to the consensus estimate of $197.23 million. Quaker Chemical Corporation had a net margin of 6.73% and a return on equity of 15.52%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.11 earnings per share. Equities analysts expect that Quaker Chemical Corporation will post $4.93 earnings per share for the current year.
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A number of equities analysts have issued reports on the company. BidaskClub raised Quaker Chemical Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $153.00 target price on shares of Quaker Chemical Corporation in a report on Wednesday, July 19th. FBR & Co reaffirmed a “marketperform” rating on shares of Quaker Chemical Corporation in a report on Tuesday, July 11th. Finally, Zacks Investment Research raised Quaker Chemical Corporation from a “hold” rating to a “buy” rating and set a $162.00 price target for the company in a research note on Wednesday, June 21st.
In other Quaker Chemical Corporation news, Director Donald R. Caldwell sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $139.55, for a total value of $251,190.00. Following the completion of the sale, the director now owns 9,281 shares of the company’s stock, valued at $1,295,163.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.60% of the stock is owned by company insiders.
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.
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