Quaker Chemical Corp (NYSE:KWR) – Investment analysts at Seaport Global Securities boosted their Q2 2019 earnings per share estimates for shares of Quaker Chemical in a note issued to investors on Tuesday, February 5th, according to Zacks Investment Research. Seaport Global Securities analyst M. Harrison now forecasts that the specialty chemicals company will earn $1.88 per share for the quarter, up from their previous forecast of $1.75. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Quaker Chemical’s FY2020 earnings at $8.66 EPS.
Several other equities analysts have also recently weighed in on the stock. Janney Montgomery Scott reiterated a “neutral” rating and set a $198.00 price objective on shares of Quaker Chemical in a research report on Tuesday, January 29th. Zacks Investment Research upgraded shares of Quaker Chemical from a “hold” rating to a “strong-buy” rating and set a $205.00 price target on the stock in a report on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $182.80.
NYSE KWR traded down $0.05 on Wednesday, hitting $208.94. 147,018 shares of the stock were exchanged, compared to its average volume of 57,017. Quaker Chemical has a 52-week low of $137.95 and a 52-week high of $217.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.72. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.68 and a beta of 1.44.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Monday, April 15th. Quaker Chemical’s dividend payout ratio is currently 24.50%.
In other news, Director Joseph A. Berquist sold 266 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $210.00, for a total transaction of $55,860.00. Following the transaction, the director now directly owns 9,911 shares in the company, valued at approximately $2,081,310. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Shane Hostetter sold 1,892 shares of Quaker Chemical stock in a transaction on Friday, February 1st. The shares were sold at an average price of $207.51, for a total transaction of $392,608.92. Following the completion of the sale, the insider now directly owns 1,303 shares of the company’s stock, valued at approximately $270,385.53. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in KWR. Advisors Asset Management Inc. lifted its stake in shares of Quaker Chemical by 22,999.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 821,411 shares of the specialty chemicals company’s stock valued at $520,000 after purchasing an additional 817,855 shares during the last quarter. BlackRock Inc. lifted its stake in shares of 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 purchasing an additional 87,878 shares during the last quarter. Macquarie Group Ltd. lifted its stake in shares of 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 purchasing an additional 64,472 shares during the last quarter. WINTON GROUP Ltd lifted its stake in shares of Quaker Chemical by 1,252.2% in the 4th quarter. WINTON GROUP Ltd now owns 61,933 shares of the specialty chemicals company’s stock valued at $11,006,000 after purchasing an additional 57,353 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of 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 purchasing an additional 23,996 shares during the last quarter. 93.66% of the stock is owned by institutional investors and hedge funds.
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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