Quaker Chemical Corp (NYSE:KWR) VP L Wilbert Platzer sold 1,000 shares of Quaker Chemical stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $205.00, for a total transaction of $205,000.00. Following the completion of the sale, the vice president now owns 5,183 shares of the company’s stock, valued at approximately $1,062,515. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
L Wilbert Platzer also recently made the following trade(s):
- On Friday, August 24th, L Wilbert Platzer sold 1,957 shares of Quaker Chemical stock. The stock was sold at an average price of $177.76, for a total transaction of $347,876.32.
KWR stock traded up $0.31 during mid-day trading on Friday, hitting $204.86. The stock had a trading volume of 36,180 shares, compared to its average volume of 82,073. 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 Corp has a 52 week low of $137.95 and a 52 week high of $211.14. The firm has a market cap of $2.79 billion, a P/E ratio of 40.89, a P/E/G ratio of 3.18 and a beta of 1.37.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 17th were issued a $0.37 dividend. 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 is currently 29.54%.
Several brokerages have weighed in on KWR. Zacks Investment Research cut shares of Quaker Chemical from a “hold” rating to a “sell” rating in a research note on Thursday. Sidoti lifted their price objective on shares of Quaker Chemical from $151.00 to $176.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 10th. B. Riley set a $170.00 price objective on shares of Quaker Chemical and gave the stock a “hold” rating in a research note on Tuesday, July 31st. Finally, Janney Montgomery Scott started coverage on shares of Quaker Chemical in a research note on Friday, July 13th. They issued a “neutral” rating and a $170.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $179.40.
A number of hedge funds have recently added to or reduced their stakes in KWR. UBS Group AG increased its holdings in Quaker Chemical by 31.7% in the 1st quarter. UBS Group AG now owns 11,773 shares of the specialty chemicals company’s stock valued at $1,744,000 after buying an additional 2,832 shares during the period. Legal & General Group Plc grew its holdings in shares of Quaker Chemical by 2.3% during the 1st quarter. Legal & General Group Plc now owns 27,331 shares of the specialty chemicals company’s stock valued at $4,023,000 after purchasing an additional 605 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Quaker Chemical by 8.9% during the 1st quarter. Royal Bank of Canada now owns 12,553 shares of the specialty chemicals company’s stock valued at $1,859,000 after purchasing an additional 1,030 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Quaker Chemical by 1.5% during the 1st quarter. Principal Financial Group Inc. now owns 108,396 shares of the specialty chemicals company’s stock valued at $16,057,000 after purchasing an additional 1,572 shares during the last quarter. Finally, Pennsylvania Trust Co grew its holdings in shares of Quaker Chemical by 13.3% during the 2nd quarter. Pennsylvania Trust Co now owns 3,400 shares of the specialty chemicals company’s stock valued at $526,000 after purchasing an additional 400 shares during the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.
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Quaker Chemical Company 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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