Quaker Chemical Corp (NYSE:KWR) VP Joseph A. Berquist sold 234 shares of the stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $210.50, for a total value of $49,257.00. Following the completion of the transaction, the vice president now directly owns 10,177 shares in the company, valued at $2,142,258.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of KWR stock opened at $208.99 on Thursday. Quaker Chemical Corp has a fifty-two week low of $137.95 and a fifty-two week high of $211.14. The company has a current ratio of 2.72, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $2.73 billion, a PE ratio of 41.71, a PEG ratio of 3.14 and a beta of 1.37.
Quaker Chemical (NYSE:KWR) last issued its earnings results on Thursday, November 1st. The specialty chemicals company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.07. Quaker Chemical had a return on equity of 18.36% and a net margin of 4.83%. The firm had revenue of $222.02 million for the quarter, compared to the consensus estimate of $221.31 million. During the same quarter in the prior year, the business earned $1.32 earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year. Research analysts anticipate that Quaker Chemical Corp will post 5.91 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the company. O Shaughnessy Asset Management LLC purchased a new stake in shares of Quaker Chemical in the third quarter worth about $104,000. Fruth Investment Management purchased a new stake in shares of Quaker Chemical in the third quarter worth about $202,000. WealthTrust Axiom LLC purchased a new stake in shares of Quaker Chemical in the third quarter worth about $202,000. CIBC Asset Management Inc purchased a new stake in shares of Quaker Chemical in the third quarter worth about $203,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Quaker Chemical in the third quarter worth about $204,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.
KWR has been the topic of a number of research reports. Zacks Investment Research raised Quaker Chemical from a “strong sell” rating to a “hold” rating in a report on Thursday, August 2nd. Janney Montgomery Scott initiated coverage on Quaker Chemical in a report on Friday, July 13th. They issued a “neutral” rating and a $170.00 price objective on the stock. Sidoti increased their price objective on Quaker Chemical from $151.00 to $176.00 and gave the company a “neutral” rating in a report on Wednesday, October 10th. Finally, 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $179.40.
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About Quaker Chemical
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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