Quaker Chemical Corp (KWR) Director William Roland Cook Sells 5,000 Shares

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%.

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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.

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