First Mercantile Trust Co. trimmed its position in Quaker Chemical Corp (NYSE:KWR) by 8.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 525 shares of the specialty chemicals company’s stock after selling 50 shares during the period. First Mercantile Trust Co.’s holdings in Quaker Chemical were worth $105,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Bessemer Group Inc. boosted its position in Quaker Chemical by 44.6% in the fourth quarter. Bessemer Group Inc. now owns 227 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 70 shares during the last quarter. Hanseatic Management Services Inc. purchased a new position in Quaker Chemical in the fourth quarter worth about $107,000. LS Investment Advisors LLC boosted its position in Quaker Chemical by 55.8% in the fourth quarter. LS Investment Advisors LLC now owns 609 shares of the specialty chemicals company’s stock worth $108,000 after purchasing an additional 218 shares during the last quarter. FMR LLC boosted its position in Quaker Chemical by 346.9% in the fourth quarter. FMR LLC now owns 800 shares of the specialty chemicals company’s stock worth $142,000 after purchasing an additional 621 shares during the last quarter. Finally, Fruth Investment Management purchased a new position in Quaker Chemical in the first quarter worth about $200,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Donald R. Caldwell sold 250 shares of Quaker Chemical stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $201.65, for a total transaction of $50,412.50. Following the transaction, the director now directly owns 5,071 shares of the company’s stock, valued at approximately $1,022,567.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.90% of the stock is owned by insiders.
Quaker Chemical (NYSE:KWR) last posted its quarterly earnings data on Thursday, May 2nd. The specialty chemicals company reported $1.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.01. Quaker Chemical had a return on equity of 18.73% and a net margin of 6.99%. The firm had revenue of $211.20 million for the quarter, compared to analysts’ expectations of $213.99 million. During the same period in the previous year, the firm earned $1.41 EPS. The business’s quarterly revenue was down .4% on a year-over-year basis. As a group, equities analysts forecast that Quaker Chemical Corp will post 6.8 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.385 per share. This is a boost from Quaker Chemical’s previous quarterly dividend of $0.37. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Tuesday, July 16th. Quaker Chemical’s payout ratio is presently 24.50%.
Several research analysts have issued reports on KWR shares. Zacks Investment Research raised Quaker Chemical from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. Seaport Global Securities reissued a “neutral” rating on shares of Quaker Chemical in a research report on Tuesday, February 5th. Finally, Janney Montgomery Scott reissued a “neutral” rating and issued a $198.00 target price on shares of Quaker Chemical in a research report on Tuesday, January 29th. Five equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of $187.25.
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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