Quaker Chemical (NYSE:KWR) Shares Up 4%

Shares of Quaker Chemical Co. (NYSE:KWRGet Rating) shot up 4% during mid-day trading on Wednesday . The stock traded as high as $163.08 and last traded at $162.30. 357 shares traded hands during trading, a decline of 99% from the average session volume of 58,884 shares. The stock had previously closed at $156.05.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Quaker Chemical from $175.00 to $210.00 in a report on Tuesday, August 9th.

Quaker Chemical Stock Down 3.5 %

The stock has a market capitalization of $2.74 billion, a PE ratio of 32.91 and a beta of 1.29. The company’s fifty day moving average price is $170.11 and its 200-day moving average price is $162.50. The company has a quick ratio of 1.83, a current ratio of 2.61 and a debt-to-equity ratio of 0.73.

Quaker Chemical (NYSE:KWRGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The specialty chemicals company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.24. Quaker Chemical had a net margin of 4.47% and a return on equity of 7.39%. The company had revenue of $492.40 million during the quarter, compared to analyst estimates of $456.00 million. During the same period in the previous year, the business earned $1.82 EPS. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. Analysts forecast that Quaker Chemical Co. will post 5.97 earnings per share for the current year.

Quaker Chemical Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 17th will be given a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Friday, October 14th. This is an increase from Quaker Chemical’s previous quarterly dividend of $0.42. Quaker Chemical’s payout ratio is 35.70%.

Institutional Investors Weigh In On Quaker Chemical

A number of large investors have recently added to or reduced their stakes in the stock. Brown Advisory Inc. grew its position in Quaker Chemical by 10.6% in the 2nd quarter. Brown Advisory Inc. now owns 560,675 shares of the specialty chemicals company’s stock worth $83,832,000 after purchasing an additional 53,865 shares during the period. Captrust Financial Advisors grew its position in Quaker Chemical by 10.9% in the 2nd quarter. Captrust Financial Advisors now owns 1,213 shares of the specialty chemicals company’s stock worth $181,000 after purchasing an additional 119 shares during the period. Legal & General Group Plc grew its position in Quaker Chemical by 1.3% in the 2nd quarter. Legal & General Group Plc now owns 38,970 shares of the specialty chemicals company’s stock worth $5,827,000 after purchasing an additional 515 shares during the period. Jane Street Group LLC grew its position in shares of Quaker Chemical by 60.9% during the 2nd quarter. Jane Street Group LLC now owns 2,885 shares of the specialty chemicals company’s stock valued at $431,000 after acquiring an additional 1,092 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Quaker Chemical by 7.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,359,780 shares of the specialty chemicals company’s stock valued at $203,314,000 after acquiring an additional 93,539 shares during the period. Institutional investors own 79.88% of the company’s stock.

Quaker Chemical Company Profile

(Get Rating)

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications. The company operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses.

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