Quaker Chemical Corporation (KWR) Holdings Maintained by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky maintained its stake in Quaker Chemical Corporation (NYSE:KWR) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,900 shares of the specialty chemicals company’s stock at the end of the second quarter. Teachers Retirement System of The State of Kentucky’s holdings in Quaker Chemical Corporation were worth $566,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of KWR. FNY Partners Fund LP bought a new position in shares of Quaker Chemical Corporation during the first quarter worth about $134,000. Riverhead Capital Management LLC raised its position in shares of Quaker Chemical Corporation by 55.3% during the second quarter. Riverhead Capital Management LLC now owns 932 shares of the specialty chemicals company’s stock worth $135,000 after acquiring an additional 332 shares during the last quarter. Advisor Group Inc. raised its position in shares of Quaker Chemical Corporation by 15.6% during the second quarter. Advisor Group Inc. now owns 954 shares of the specialty chemicals company’s stock worth $139,000 after acquiring an additional 129 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Quaker Chemical Corporation during the first quarter worth about $147,000. Finally, Everence Capital Management Inc. bought a new position in shares of Quaker Chemical Corporation during the second quarter worth about $212,000. Institutional investors own 82.75% of the company’s stock.
A number of brokerages have recently issued reports on KWR. Zacks Investment Research downgraded Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, September 9th. BidaskClub downgraded Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating and issued a $153.00 target price on shares of Quaker Chemical Corporation in a report on Wednesday, July 19th. Finally, FBR & Co reiterated a “marketperform” rating on shares of Quaker Chemical Corporation in a report on Tuesday, July 11th.
In other Quaker Chemical Corporation news, Director Donald R. Caldwell sold 1,800 shares of the 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 completion of the sale, the director now owns 9,281 shares in the company, valued at approximately $1,295,163.55. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Jan Nieman sold 1,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the sale, the vice president now owns 14,636 shares of the company’s stock, valued at approximately $2,122,220. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,800 shares of company stock valued at $686,190. Company insiders own 3.60% of the company’s stock.
Shares of Quaker Chemical Corporation (NYSE:KWR) opened at 149.48 on Wednesday. Quaker Chemical Corporation has a one year low of $102.86 and a one year high of $154.38. The firm has a 50-day moving average price of $145.00 and a 200-day moving average price of $142.34. The company has a market capitalization of $1.99 billion, a P/E ratio of 38.00 and a beta of 1.24.
Quaker Chemical Corporation (NYSE:KWR) last issued its earnings results on Thursday, July 27th. The specialty chemicals company reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. The company had revenue of $201.18 million during the quarter, compared to analysts’ expectations of $197.23 million. Quaker Chemical Corporation had a return on equity of 15.52% and a net margin of 6.73%. Quaker Chemical Corporation’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.11 EPS. Equities analysts forecast 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 annualized dividend and a yield of 0.95%. The ex-dividend date is Monday, October 16th. Quaker Chemical Corporation’s dividend payout ratio (DPR) is currently 36.13%.
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Quaker Chemical Corporation Company Profile
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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