Quaker Chemical Corp (NYSE:KWR)’s share price reached a new 52-week high on Tuesday . The company traded as high as $201.26 and last traded at $201.05, with a volume of 1048 shares trading hands. The stock had previously closed at $199.17.
A number of equities analysts have weighed in on KWR shares. Zacks Investment Research lowered Quaker Chemical from a “hold” rating to a “sell” rating in a research note on Thursday, July 12th. Janney Montgomery Scott started coverage on Quaker Chemical in a research note on Friday, July 13th. They set a “neutral” rating and a $170.00 price objective for the company. Finally, B. Riley set a $170.00 price objective on Quaker Chemical and gave the company a “hold” rating in a research note on Tuesday, July 31st. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $179.60.
The company has a quick ratio of 2.15, a current ratio of 2.78 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.67 billion, a P/E ratio of 39.66, a PEG ratio of 3.01 and a beta of 1.35.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 17th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Tuesday, October 16th. Quaker Chemical’s dividend payout ratio (DPR) is presently 29.54%.
In other news, VP Joseph A. Berquist sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $190.64, for a total transaction of $190,640.00. Following the sale, the vice president now directly owns 10,411 shares in the company, valued at approximately $1,984,753.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donald R. Caldwell sold 521 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $177.24, for a total value of $92,342.04. Following the sale, the director now owns 5,345 shares in the company, valued at $947,347.80. The disclosure for this sale can be found here. Insiders have sold a total of 8,520 shares of company stock worth $1,486,414 over the last 90 days. Insiders own 3.20% of the company’s stock.
Large investors have recently bought and sold shares of the company. Sei Investments Co. grew its position in shares of Quaker Chemical by 391.8% during the 1st quarter. Sei Investments Co. now owns 1,446 shares of the specialty chemicals company’s stock valued at $214,000 after acquiring an additional 1,152 shares during the period. Evergreen Capital Management LLC acquired a new stake in shares of Quaker Chemical during the 1st quarter valued at about $237,000. Vident Investment Advisory LLC acquired a new stake in shares of Quaker Chemical during the 2nd quarter valued at about $253,000. Mainstay Capital Management LLC ADV acquired a new stake in shares of Quaker Chemical during the 2nd quarter valued at about $298,000. Finally, Profund Advisors LLC grew its position in shares of Quaker Chemical by 29.3% during the 1st quarter. Profund Advisors LLC now owns 1,958 shares of the specialty chemicals company’s stock valued at $290,000 after acquiring an additional 444 shares during the period. Hedge funds and other institutional investors own 98.16% of the company’s stock.
About Quaker Chemical (NYSE:KWR)
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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