Joseph A. Berquist Sells 234 Shares of Quaker Chemical Corp (KWR) Stock

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.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 17th were paid a $0.37 dividend. The ex-dividend date was Tuesday, October 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.71%. Quaker Chemical’s payout ratio is 29.54%.

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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