Quaker Chemical Corp (NYSE:KWR) Director William Roland Cook sold 5,000 shares of the stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $141.18, for a total value of $705,900.00. Following the completion of the sale, the director now owns 7,585 shares of the company’s stock, valued at $1,070,850.30. The sale was disclosed in a filing with the SEC, which is available at this link.
Quaker Chemical Corp (NYSE:KWR) last announced its quarterly earnings results on Monday, May 1st. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.12. Quaker Chemical Corp had a return on equity of 15.02% and a net margin of 7.49%. The firm had revenue of $194.91 million during the quarter, compared to the consensus estimate of $186.33 million. During the same period in the prior year, the firm earned $0.98 EPS. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Monday, July 17th will be issued a $0.355 dividend. This is an increase from Quaker Chemical Corp’s previous quarterly dividend of $0.35. This represents a $1.42 annualized dividend and a yield of 1.04%. The ex-dividend date is Thursday, July 13th. Quaker Chemical Corp’s dividend payout ratio is currently 33.01%.
ILLEGAL ACTIVITY WARNING: “Quaker Chemical Corp (KWR) Director William Roland Cook Sells 5,000 Shares” was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.chaffeybreeze.com/2017/05/20/william-roland-cook-sells-5000-shares-of-quaker-chemical-corp-kwr-stock-updated.html.
A number of hedge funds have recently made changes to their positions in KWR. WCM Investment Management CA bought a new stake in shares of Quaker Chemical Corp during the third quarter valued at about $360,000. Pettee Investors Inc. bought a new stake in shares of Quaker Chemical Corp during the third quarter valued at about $212,000. BlackRock Advisors LLC increased its stake in shares of Quaker Chemical Corp by 7.8% in the third quarter. BlackRock Advisors LLC now owns 6,694 shares of the specialty chemicals company’s stock valued at $709,000 after buying an additional 484 shares in the last quarter. BlackRock Inc. increased its stake in shares of Quaker Chemical Corp by 9.8% in the third quarter. BlackRock Inc. now owns 2,329 shares of the specialty chemicals company’s stock valued at $247,000 after buying an additional 208 shares in the last quarter. Finally, BlackRock Fund Advisors increased its stake in shares of Quaker Chemical Corp by 7.6% in the third quarter. BlackRock Fund Advisors now owns 905,063 shares of the specialty chemicals company’s stock valued at $95,873,000 after buying an additional 63,982 shares in the last quarter. Hedge funds and other institutional investors own 82.32% of the company’s stock.
Several brokerages have recently weighed in on KWR. Zacks Investment Research upgraded Quaker Chemical Corp from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Wednesday, May 10th. Jefferies Group LLC restated a “hold” rating and set a $153.00 target price on shares of Quaker Chemical Corp in a research note on Thursday, April 6th.
About Quaker Chemical Corp
Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others. The Company’s segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.
Receive News & Ratings for Quaker Chemical Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quaker Chemical Corp and related companies with MarketBeat.com's FREE daily email newsletter.