Amalgamated Bank lifted its stake in shares of Quaker Chemical Corporation (NYSE:KWR) by 5.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,810 shares of the specialty chemicals company’s stock after purchasing an additional 88 shares during the quarter. Amalgamated Bank’s holdings in Quaker Chemical Corporation were worth $263,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in KWR. FNY Partners Fund LP acquired a new stake in shares of Quaker Chemical Corporation during the 1st quarter worth $134,000. Riverhead Capital Management LLC grew its holdings in shares of Quaker Chemical Corporation by 55.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 932 shares of the specialty chemicals company’s stock worth $135,000 after purchasing an additional 332 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Quaker Chemical Corporation during the 1st quarter worth $147,000. Everence Capital Management Inc. acquired a new stake in shares of Quaker Chemical Corporation during the 2nd quarter worth $212,000. Finally, Park National Corp OH acquired a new stake in shares of Quaker Chemical Corporation during the 2nd quarter worth $220,000. 82.75% of the stock is currently owned by institutional investors.
Quaker Chemical Corporation (NYSE:KWR) last released its quarterly earnings data on Thursday, July 27th. The specialty chemicals company reported $1.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.24. Quaker Chemical Corporation had a return on equity of 15.52% and a net margin of 6.73%. The company had revenue of $201.18 million for the quarter, compared to analyst estimates of $197.23 million. During the same period in the previous year, the company posted $1.11 EPS. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 0.94%. The ex-dividend date is Monday, October 16th. Quaker Chemical Corporation’s payout ratio is 36.13%.
Several analysts have recently issued reports on the company. BidaskClub lowered Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Jefferies Group LLC reissued a “hold” rating and set a $153.00 target price on shares of Quaker Chemical Corporation in a report on Sunday, September 3rd. FBR & Co reissued a “marketperform” rating on shares of Quaker Chemical Corporation in a report on Tuesday, July 11th. Finally, Zacks Investment Research lowered Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a report on Saturday, September 9th.
In related news, VP Jan Nieman sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $150.00, for a total transaction of $150,000.00. Following the completion of the transaction, the vice president now directly owns 13,636 shares in the company, valued at $2,045,400. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Donald R. Caldwell sold 1,800 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $139.55, for a total value of $251,190.00. Following the transaction, the director now owns 9,281 shares of the company’s stock, valued at $1,295,163.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,800 shares of company stock valued at $686,190. 3.60% of the stock is owned by company insiders.
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Quaker Chemical Corporation Profile
Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others. The Company’s segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.
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