Quaker Chemical Co. (NYSE:KWR) SVP David Slinkman Sells 1,700 Shares

Quaker Chemical Co. (NYSE:KWR) SVP David Slinkman sold 1,700 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $167.80, for a total transaction of $285,260.00. Following the completion of the sale, the senior vice president now directly owns 2,825 shares of the company’s stock, valued at $474,035. The trade was a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Quaker Chemical Stock Down 2.9 %

NYSE KWR traded down $4.73 during trading on Tuesday, reaching $157.81. 153,483 shares of the company’s stock were exchanged, compared to its average volume of 95,815. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. Quaker Chemical Co. has a fifty-two week low of $151.31 and a fifty-two week high of $221.94. The company’s fifty day simple moving average is $163.83 and its 200-day simple moving average is $169.66. The firm has a market capitalization of $2.81 billion, a PE ratio of 23.66, a P/E/G ratio of 1.99 and a beta of 1.38.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.19). The company had revenue of $462.27 million for the quarter, compared to analyst estimates of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.05 earnings per share. Sell-side analysts predict that Quaker Chemical Co. will post 7.78 EPS for the current year.

Quaker Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.94 dividend on an annualized basis and a yield of 1.23%. Quaker Chemical’s payout ratio is 28.45%.

Wall Street Analysts Forecast Growth

KWR has been the topic of several research reports. Royal Bank of Canada dropped their price target on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Piper Sandler lifted their target price on shares of Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, StockNews.com lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. increased its position in Quaker Chemical by 112.8% during the third quarter. Harbor Capital Advisors Inc. now owns 8,903 shares of the specialty chemicals company’s stock worth $1,500,000 after buying an additional 4,720 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Quaker Chemical by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company’s stock valued at $22,193,000 after acquiring an additional 3,441 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Quaker Chemical by 0.5% in 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 purchasing an additional 8,484 shares during the period. ProShare Advisors LLC lifted its position in Quaker Chemical by 68.3% during the 2nd quarter. ProShare Advisors LLC now owns 67,812 shares of the specialty chemicals company’s stock worth $11,508,000 after acquiring an additional 27,514 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Quaker Chemical by 37.4% during the second quarter. Renaissance Technologies LLC now owns 21,300 shares of the specialty chemicals company’s stock valued at $3,615,000 after acquiring an additional 5,800 shares during the period. Hedge funds and other institutional investors own 77.46% of the company’s stock.

About Quaker Chemical

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.