According to Zacks, “Quaker Chemical Corp. develops, produces, and markets a broad range of formulated chemical specialty products for various heavy industrial and manufacturing applications and, in addition, offers and markets chemical management services. Quaker’s principal products and services include: rolling lubricants, corrosion preventives, metal finishing compounds, machining and grinding compounds, forming compounds, hydraulic fluids, technology for the removal of hydrogen sulfide, chemical milling maskants, construction products and programs to provide chemical management services. “
Separately, Jefferies Group reaffirmed a hold rating on shares of Quaker Chemical Corp. in a report on Sunday, July 17th.
Shares of Quaker Chemical Corp. (NYSE:KWR) opened at 105.37 on Tuesday. The firm has a market capitalization of $1.40 billion, a P/E ratio of 26.03 and a beta of 1.43. Quaker Chemical Corp. has a 52-week low of $68.20 and a 52-week high of $106.85. The company’s 50-day moving average is $100.79 and its 200 day moving average is $92.26.
Quaker Chemical Corp. (NYSE:KWR) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.02. The business had revenue of $186.91 million for the quarter, compared to the consensus estimate of $187.77 million. Quaker Chemical Corp. had a net margin of 7.28% and a return on equity of 15.21%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 earnings per share. Analysts expect that Quaker Chemical Corp. will post $4.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 17th will be given a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, October 13th. Quaker Chemical Corp.’s dividend payout ratio is presently 34.07%.
Large investors have recently made changes to their positions in the stock. Howe & Rusling Inc. boosted its stake in shares of Quaker Chemical Corp. by 3.6% in the second quarter. Howe & Rusling Inc. now owns 1,750 shares of the company’s stock valued at $156,000 after buying an additional 60 shares in the last quarter. PineBridge Investments L.P. boosted its position in Quaker Chemical Corp. by 4.1% in the second quarter. PineBridge Investments L.P. now owns 1,679 shares of the company’s stock valued at $150,000 after buying an additional 66 shares during the period. BlackRock Advisors LLC boosted its position in Quaker Chemical Corp. by 1.1% in the second quarter. BlackRock Advisors LLC now owns 6,210 shares of the company’s stock valued at $554,000 after buying an additional 66 shares during the period. Profund Advisors LLC boosted its position in Quaker Chemical Corp. by 2.5% in the second quarter. Profund Advisors LLC now owns 2,748 shares of the company’s stock valued at $245,000 after buying an additional 68 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in Quaker Chemical Corp. by 0.7% in the second quarter. Nisa Investment Advisors LLC now owns 14,800 shares of the company’s stock valued at $1,320,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 82.24% of the company’s stock.
Quaker Chemical Corp. Company Profile
Quaker Chemical Corporation is engaged in providing process fluids, chemical specialties and technical expertise to a range of industries, including steel, aluminum, automotive, mining, aerospace, tube and pipe, cans and others. The Company operates through four segments: North America, the Europe; Middle East and Africa (EMEA); Asia/Pacific, and South America.
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