Quaker Chemical Co. (NYSE:KWR – Get Free Report) EVP Jeewat Bijlani sold 645 shares of Quaker Chemical stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $165.98, for a total transaction of $107,057.10. Following the sale, the executive vice president now owns 4,747 shares in the company, valued at $787,907.06. This represents a 11.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Quaker Chemical Stock Performance
Shares of Quaker Chemical stock opened at $155.94 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The firm has a market cap of $2.77 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 1.96 and a beta of 1.38. Quaker Chemical Co. has a 1 year low of $151.31 and a 1 year high of $221.94. The firm’s 50-day simple moving average is $163.60 and its 200-day simple moving average is $169.47.
Quaker Chemical (NYSE:KWR – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm had revenue of $462.27 million during the quarter, compared to the consensus estimate of $469.17 million. During the same quarter last year, the firm posted $2.05 earnings per share. Quaker Chemical’s revenue was down 5.8% compared to the same quarter last year. Equities analysts forecast that Quaker Chemical Co. will post 7.78 earnings per share for the current fiscal year.
Quaker Chemical Dividend Announcement
Analysts Set New Price Targets
Several research firms recently issued reports on KWR. Royal Bank of Canada dropped their price target on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Piper Sandler boosted their price target on Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft reduced their price target on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, StockNews.com downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.
View Our Latest Stock Report on KWR
Hedge Funds Weigh In On Quaker Chemical
Several hedge funds and other institutional investors have recently modified their holdings of KWR. Vanguard Group Inc. raised its holdings in shares of Quaker Chemical by 0.5% during the first quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company’s stock valued at $329,942,000 after buying an additional 8,484 shares during the last quarter. State Street Corp grew its stake in shares of Quaker Chemical by 3.8% in the third quarter. State Street Corp now owns 554,612 shares of the specialty chemicals company’s stock worth $93,447,000 after purchasing an additional 20,059 shares in the last quarter. Royce & Associates LP raised its stake in shares of Quaker Chemical by 5.3% during the third quarter. Royce & Associates LP now owns 434,303 shares of the specialty chemicals company’s stock valued at $73,176,000 after purchasing an additional 21,986 shares in the last quarter. Copeland Capital Management LLC lifted its holdings in Quaker Chemical by 0.7% in the third quarter. Copeland Capital Management LLC now owns 388,719 shares of the specialty chemicals company’s stock worth $65,495,000 after purchasing an additional 2,592 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Quaker Chemical by 14.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 359,617 shares of the specialty chemicals company’s stock valued at $61,027,000 after buying an additional 46,240 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.
Quaker Chemical Company Profile
Quaker Chemical Corporation, together with its subsidiaries, develops, produces, and markets various formulated specialty chemical products for a range of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die-cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.
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