Sterling Capital Management LLC Has $2.99 Million Holdings in Quaker Chemical Corp (KWR)

Sterling Capital Management LLC grew its holdings in shares of Quaker Chemical Corp (NYSE:KWR) by 20.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 14,793 shares of the specialty chemicals company’s stock after acquiring an additional 2,519 shares during the quarter. Sterling Capital Management LLC owned about 0.11% of Quaker Chemical worth $2,991,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Fruth Investment Management acquired a new stake in shares of Quaker Chemical in the third quarter valued at $202,000. Acadian Asset Management LLC acquired a new stake in shares of Quaker Chemical in the third quarter valued at $204,000. Stanley Laman Group Ltd. acquired a new stake in shares of Quaker Chemical in the third quarter valued at $243,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Quaker Chemical in the third quarter valued at $246,000. Finally, Vident Investment Advisory LLC acquired a new stake in shares of Quaker Chemical in the second quarter valued at $253,000. Institutional investors own 93.68% of the company’s stock.

Shares of Quaker Chemical stock opened at $204.49 on Wednesday. The firm has a market cap of $2.72 billion, a PE ratio of 40.82, a P/E/G ratio of 3.09 and a beta of 1.37. The company has a current ratio of 2.72, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. Quaker Chemical Corp has a 12-month low of $137.95 and a 12-month high of $211.14.

Quaker Chemical (NYSE:KWR) last announced its earnings results on Thursday, November 1st. The specialty chemicals company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.07. The company had revenue of $222.02 million for the quarter, compared to analyst estimates of $221.31 million. Quaker Chemical had a return on equity of 18.36% and a net margin of 4.83%. Quaker Chemical’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.32 earnings per share. Equities research analysts predict that Quaker Chemical Corp will post 5.99 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 17th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Tuesday, October 16th. Quaker Chemical’s dividend payout ratio (DPR) is presently 29.54%.

In related news, Director Donald R. Caldwell sold 599 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $170.00, for a total transaction of $101,830.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ronald S. Ettinger sold 663 shares of the company’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $173.50, for a total value of $115,030.50. Following the transaction, the vice president now directly owns 4,028 shares in the company, valued at $698,858. The disclosure for this sale can be found here. Insiders have sold 4,974 shares of company stock worth $896,976 over the last ninety days. 3.20% of the stock is owned by insiders.

Several analysts have recently weighed in on KWR shares. Zacks Investment Research upgraded Quaker Chemical from a “hold” rating to a “buy” rating and set a $216.00 price objective for the company in a report on Friday, October 12th. B. Riley set a $170.00 price objective on Quaker Chemical and gave the company a “hold” rating in a report on Tuesday, July 31st. Sidoti boosted their target price on Quaker Chemical from $151.00 to $176.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 10th. Finally, Janney Montgomery Scott started coverage on Quaker Chemical in a research report on Friday, July 13th. They set a “neutral” rating and a $170.00 target price on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Quaker Chemical has a consensus rating of “Hold” and a consensus price target of $179.40.

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Quaker Chemical Profile

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. Its products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.

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

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