Norges Bank Invests $25.25 Million in Quaker Chemical Corp (KWR) Stock

Norges Bank purchased a new position in Quaker Chemical Corp (NYSE:KWR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 142,072 shares of the specialty chemicals company’s stock, valued at approximately $25,248,000. Norges Bank owned about 1.07% of Quaker Chemical as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Legal & General Group Plc lifted its stake in Quaker Chemical by 1.6% in the fourth quarter. Legal & General Group Plc now owns 31,483 shares of the specialty chemicals company’s stock worth $5,594,000 after acquiring an additional 507 shares during the last quarter. 361 Capital LLC purchased a new position in Quaker Chemical in the fourth quarter worth approximately $2,308,000. Vanguard Group Inc. lifted its stake in Quaker Chemical by 1.7% in the third quarter. Vanguard Group Inc. now owns 1,428,100 shares of the specialty chemicals company’s stock worth $288,776,000 after acquiring an additional 23,996 shares during the last quarter. Hanseatic Management Services Inc. purchased a new position in Quaker Chemical in the fourth quarter worth approximately $107,000. Finally, Kimelman & Baird LLC lifted its stake in Quaker Chemical by 4.0% in the fourth quarter. Kimelman & Baird LLC now owns 2,610 shares of the specialty chemicals company’s stock worth $464,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 97.91% of the company’s stock.

KWR stock opened at $217.74 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.14 and a current ratio of 2.76. Quaker Chemical Corp has a twelve month low of $137.95 and a twelve month high of $218.71. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 35.99, a P/E/G ratio of 2.82 and a beta of 1.39.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Thursday, February 28th. The specialty chemicals company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.11. Quaker Chemical had a net margin of 6.86% and a return on equity of 18.88%. The company had revenue of $211.48 million for the quarter, compared to analysts’ expectations of $215.90 million. As a group, analysts predict that Quaker Chemical Corp will post 7.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $1.48 dividend on an annualized basis and a yield of 0.68%. Quaker Chemical’s payout ratio is currently 24.50%.

In other Quaker Chemical news, insider Shane Hostetter sold 1,892 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 1,303 shares of the company’s stock, valued at $270,385.53. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.90% of the stock is currently owned by company insiders.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Quaker Chemical from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Seaport Global Securities reiterated a “neutral” rating on shares of Quaker Chemical in a research note on Tuesday, February 5th. Finally, Janney Montgomery Scott reiterated a “neutral” rating and issued a $198.00 price target on shares of Quaker Chemical in a research note on Tuesday, January 29th. Five investment analysts have rated the stock with a hold rating, Quaker Chemical presently has an average rating of “Hold” and an average target price of $187.25.

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About Quaker Chemical

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. The company's 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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Institutional Ownership by Quarter for Quaker Chemical (NYSE:KWR)

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