Quaker Chemical Corp (NYSE:KWR) – Stock analysts at Jefferies Financial Group issued their Q1 2019 earnings per share estimates for Quaker Chemical in a report released on Tuesday, March 19th. Jefferies Financial Group analyst L. Alexander forecasts that the specialty chemicals company will earn $1.42 per share for the quarter. Jefferies Financial Group also issued estimates for Quaker Chemical’s Q2 2019 earnings at $1.58 EPS, Q3 2019 earnings at $1.81 EPS and Q4 2019 earnings at $2.24 EPS.
Several other research firms have also weighed in on KWR. Janney Montgomery Scott restated a “neutral” rating and set a $198.00 price objective on shares of Quaker Chemical in a research note on Tuesday, January 29th. Seaport Global Securities restated a “neutral” rating on shares of Quaker Chemical in a research note on Tuesday, February 5th. Finally, Zacks Investment Research upgraded shares of Quaker Chemical from a “hold” rating to a “strong-buy” rating and set a $205.00 price objective on the stock in a research note on Friday, January 4th. One research 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 has an average rating of “Hold” and a consensus target price of $187.25.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $1.48 annualized dividend and a dividend yield of 0.74%. Quaker Chemical’s dividend payout ratio is presently 24.50%.
In other news, insider Shane Hostetter sold 1,892 shares of the business’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $207.51, for a total transaction of $392,608.92. Following the transaction, the insider now directly owns 1,303 shares in the company, valued at approximately $270,385.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.20% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Quaker Chemical by 4.9% in the 3rd quarter. BlackRock Inc. now owns 1,897,934 shares of the specialty chemicals company’s stock valued at $383,781,000 after buying an additional 87,878 shares during the last quarter. Vanguard Group Inc. grew its stake in Quaker Chemical by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,428,100 shares of the specialty chemicals company’s stock valued at $288,776,000 after buying an additional 23,996 shares during the last quarter. Vanguard Group Inc grew its stake in Quaker Chemical by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 1,428,100 shares of the specialty chemicals company’s stock valued at $288,776,000 after buying an additional 23,996 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Quaker Chemical by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 720,324 shares of the specialty chemicals company’s stock valued at $145,658,000 after buying an additional 18,869 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in Quaker Chemical by 23.4% in the 3rd quarter. Macquarie Group Ltd. now owns 340,203 shares of the specialty chemicals company’s stock valued at $68,792,000 after buying an additional 64,472 shares during the last quarter. Institutional investors and hedge funds own 96.73% of the company’s stock.
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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