Chatham Capital Group Inc. lessened its holdings in Quaker Chemical Co. (NYSE:KWR) by 36.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 7,860 shares of the specialty chemicals company’s stock after selling 4,550 shares during the quarter. Chatham Capital Group Inc.’s holdings in Quaker Chemical were worth $1,164,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Xact Kapitalforvaltning AB purchased a new stake in shares of Quaker Chemical in the fourth quarter worth $223,000. SG Americas Securities LLC raised its position in shares of Quaker Chemical by 38.8% in the first quarter. SG Americas Securities LLC now owns 2,064 shares of the specialty chemicals company’s stock worth $306,000 after buying an additional 577 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Quaker Chemical in the fourth quarter worth $320,000. Silvant Capital Management LLC purchased a new stake in shares of Quaker Chemical in the first quarter worth $369,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of Quaker Chemical in the fourth quarter worth $392,000. Institutional investors own 92.17% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Quaker Chemical from a “hold” rating to a “buy” rating and set a $176.00 price objective on the stock in a research report on Wednesday, March 14th. Seaport Global Securities reiterated a “hold” rating and issued a $165.00 price objective on shares of Quaker Chemical in a research report on Friday, March 16th. TheStreet downgraded Quaker Chemical from a “b” rating to a “c+” rating in a research report on Monday, March 5th. B. Riley set a $165.00 price objective on Quaker Chemical and gave the stock a “hold” rating in a research report on Thursday, March 1st. Finally, ValuEngine upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $164.00.
Quaker Chemical opened at $154.16 on Friday, according to Marketbeat. The firm has a market capitalization of $2.00 billion, a P/E ratio of 30.77, a PEG ratio of 2.42 and a beta of 1.30. The company has a current ratio of 2.73, a quick ratio of 2.12 and a debt-to-equity ratio of 0.16. Quaker Chemical Co. has a 52 week low of $151.16 and a 52 week high of $152.06.
Quaker Chemical (NYSE:KWR) last released its earnings results on Monday, April 30th. The specialty chemicals company reported $1.38 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.13. The business had revenue of $212.10 million for the quarter, compared to analysts’ expectations of $206.60 million. Quaker Chemical had a return on equity of 16.10% and a net margin of 3.11%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 earnings per share. sell-side analysts anticipate that Quaker Chemical Co. will post 5.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Tuesday, July 17th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Monday, July 16th. This is a boost from Quaker Chemical’s previous quarterly dividend of $0.36. Quaker Chemical’s dividend payout ratio is currently 28.34%.
In related news, VP Joseph F. Matrange sold 397 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $155.34, for a total value of $61,669.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael F. Barry sold 1,250 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $160.13, for a total value of $200,162.50. The disclosure for this sale can be found here. In the last three months, insiders sold 9,186 shares of company stock worth $1,399,442. 3.20% of the stock is owned by insiders.
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. 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.
Want to see what other hedge funds are holding KWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quaker Chemical Co. (NYSE:KWR).
Receive News & Ratings for Quaker Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quaker Chemical and related companies with MarketBeat.com's FREE daily email newsletter.