SRS Capital Advisors Inc. purchased a new position in shares of Quaker Chemical Corp (NYSE:KWR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,406 shares of the specialty chemicals company’s stock, valued at approximately $1,700,000. Quaker Chemical comprises about 0.7% of SRS Capital Advisors Inc.’s holdings, making the stock its 19th largest holding. SRS Capital Advisors Inc. owned 0.06% of Quaker Chemical at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Asset Management Inc bought a new stake in Quaker Chemical in the third quarter valued at approximately $203,000. WealthTrust Axiom LLC bought a new stake in Quaker Chemical in the third quarter valued at approximately $202,000. Sterling Capital Management LLC increased its stake in Quaker Chemical by 20.5% in the third quarter. Sterling Capital Management LLC now owns 14,793 shares of the specialty chemicals company’s stock valued at $2,991,000 after purchasing an additional 2,519 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Quaker Chemical in the third quarter valued at approximately $204,000. Finally, Stanley Laman Group Ltd. bought a new stake in Quaker Chemical in the third quarter valued at approximately $243,000. 93.68% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Quaker Chemical from a “hold” rating to a “buy” rating and set a $216.00 target price for the company in a research note on Friday, October 12th. Janney Montgomery Scott started coverage on shares of Quaker Chemical in a report on Friday, July 13th. They issued a “neutral” rating and a $170.00 price target for the company. B. Riley set a $170.00 price target on shares of Quaker Chemical and gave the company a “hold” rating in a report on Tuesday, July 31st. Finally, Sidoti upped their price target on shares of Quaker Chemical from $151.00 to $176.00 and gave the company a “neutral” rating in a report on Wednesday, October 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $179.40.
Quaker Chemical stock opened at $204.55 on Friday. The company has a market capitalization of $2.73 billion, a PE ratio of 40.83, a P/E/G ratio of 3.14 and a beta of 1.37. Quaker Chemical Corp has a twelve month low of $137.95 and a twelve month high of $211.14. The company has a quick ratio of 2.11, a current ratio of 2.72 and a debt-to-equity ratio of 0.11.
Quaker Chemical (NYSE:KWR) last issued its earnings results on Thursday, November 1st. The specialty chemicals company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.07. The company had revenue of $222.02 million for the quarter, compared to the consensus estimate of $221.31 million. Quaker Chemical had a return on equity of 18.36% and a net margin of 4.83%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company earned $1.32 EPS. As a group, equities research analysts predict that Quaker Chemical Corp will post 5.97 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Wednesday, October 17th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.72%. The ex-dividend date was Tuesday, October 16th. Quaker Chemical’s dividend payout ratio (DPR) is presently 29.54%.
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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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