Wells Fargo & Company MN Trims Stake in Quaker Chemical Corp (KWR)

Wells Fargo & Company MN lowered its holdings in shares of Quaker Chemical Corp (NYSE:KWR) by 12.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 184,819 shares of the specialty chemicals company’s stock after selling 26,023 shares during the quarter. Wells Fargo & Company MN owned approximately 1.39% of Quaker Chemical worth $37,372,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Standard Life Aberdeen plc increased its holdings in Quaker Chemical by 5.7% in the 2nd quarter. Standard Life Aberdeen plc now owns 363,345 shares of the specialty chemicals company’s stock worth $56,306,000 after acquiring an additional 19,711 shares in the last quarter. Pinebridge Investments L.P. increased its holdings in Quaker Chemical by 311.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 9,883 shares of the specialty chemicals company’s stock worth $1,530,000 after acquiring an additional 7,481 shares in the last quarter. Rhumbline Advisers increased its holdings in Quaker Chemical by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 36,671 shares of the specialty chemicals company’s stock worth $5,679,000 after acquiring an additional 607 shares in the last quarter. Welch Capital Partners LLC NY purchased a new stake in Quaker Chemical in the 3rd quarter worth approximately $282,000. Finally, Comerica Bank increased its holdings in Quaker Chemical by 2.7% in the 2nd quarter. Comerica Bank now owns 14,649 shares of the specialty chemicals company’s stock worth $2,328,000 after acquiring an additional 379 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

KWR stock opened at $202.41 on Friday. Quaker Chemical Corp has a 1-year low of $137.95 and a 1-year 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. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 40.40, a price-to-earnings-growth ratio of 3.05 and a beta of 1.37.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings results on Thursday, November 1st. The specialty chemicals company reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.07. Quaker Chemical had a return on equity of 18.36% and a net margin of 4.83%. The business had revenue of $222.02 million during the quarter, compared to the consensus estimate of $221.31 million. During the same period in the prior year, the company posted $1.32 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, sell-side analysts expect that Quaker Chemical Corp will post 5.97 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Thursday, January 17th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, January 16th. This represents a $1.48 annualized dividend and a yield of 0.73%. Quaker Chemical’s payout ratio is 29.54%.

Several equities research analysts recently issued reports on KWR shares. Zacks Investment Research lowered shares of Quaker Chemical from a “hold” rating to a “sell” rating in a report on Thursday, November 8th. Sidoti increased their target price on shares of Quaker Chemical from $151.00 to $176.00 and gave the stock a “neutral” rating in a report on Wednesday, October 10th. Finally, B. Riley set a $170.00 target price on shares of Quaker Chemical and gave the stock a “hold” rating in a report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $179.40.

In other Quaker Chemical news, Director Donald R. Caldwell sold 521 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $177.24, for a total value of $92,342.04. Following the completion of the transaction, the director now directly owns 5,345 shares in the company, valued at approximately $947,347.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Dieter Laininger sold 5,187 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $202.07, for a total value of $1,048,137.09. The disclosure for this sale can be found here. Insiders sold a total of 10,192 shares of company stock valued at $2,040,274 over the last 90 days. 3.20% of the stock is currently owned by corporate insiders.

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

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