TIAA CREF Investment Management LLC Has $8.35 Million Position in Quaker Chemical Corporation (KWR)
TIAA CREF Investment Management LLC decreased its holdings in Quaker Chemical Corporation (NYSE:KWR) by 0.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,496 shares of the specialty chemicals company’s stock after selling 308 shares during the quarter. TIAA CREF Investment Management LLC owned 0.43% of Quaker Chemical Corporation worth $8,350,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Riverhead Capital Management LLC raised its holdings in Quaker Chemical Corporation by 55.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 932 shares of the specialty chemicals company’s stock worth $135,000 after purchasing an additional 332 shares during the period. FNY Partners Fund LP acquired a new position in Quaker Chemical Corporation in the 1st quarter worth about $134,000. Ameritas Investment Partners Inc. acquired a new position in Quaker Chemical Corporation in the 1st quarter worth about $147,000. Everence Capital Management Inc. acquired a new position in Quaker Chemical Corporation in the 2nd quarter worth about $212,000. Finally, Park National Corp OH acquired a new position in Quaker Chemical Corporation in the 2nd quarter worth about $220,000. 82.75% of the stock is owned by institutional investors.
Quaker Chemical Corporation (KWR) opened at 151.69 on Monday. Quaker Chemical Corporation has a 12-month low of $102.82 and a 12-month high of $154.38. The company has a 50-day moving average price of $142.19 and a 200-day moving average price of $141.32. The firm has a market cap of $2.02 billion, a PE ratio of 38.56 and a beta of 1.24.
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 for the quarter, meeting the Zacks’ consensus estimate of $1.24. Quaker Chemical Corporation had a return on equity of 15.52% and a net margin of 6.73%. The company had revenue of $201.18 million for the quarter, compared to analyst estimates of $197.23 million. During the same quarter in the previous year, the company earned $1.11 EPS. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities analysts predict that Quaker Chemical Corporation will post $4.93 earnings per share 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 issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Monday, October 16th. Quaker Chemical Corporation’s dividend payout ratio is presently 36.13%.
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In other Quaker Chemical Corporation news, VP Jan Nieman sold 1,000 shares of Quaker Chemical Corporation stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $140.00, for a total value of $140,000.00. Following the sale, the vice president now owns 15,636 shares of the company’s stock, valued at approximately $2,189,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donald R. Caldwell sold 1,800 shares of Quaker Chemical Corporation stock in a transaction that occurred on 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 directly owns 9,281 shares in the company, valued at approximately $1,295,163.55. The disclosure for this sale can be found here. Insiders sold a total of 4,800 shares of company stock worth $686,190 in the last ninety days. 3.60% of the stock is owned by corporate insiders.
KWR has been the subject of a number of analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $153.00 price target on shares of Quaker Chemical Corporation in a report on Sunday, September 3rd. Zacks Investment Research cut Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a report on Saturday, September 9th. FBR & Co reaffirmed a “marketperform” rating on shares of Quaker Chemical Corporation in a report on Tuesday, July 11th. Finally, BidaskClub cut Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd.
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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