Quaker Chemical Corp (KWR) Shares Bought by Northern Trust Corp

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Northern Trust Corp increased its stake in shares of Quaker Chemical Corp (NYSE:KWR) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,036 shares of the specialty chemicals company’s stock after buying an additional 813 shares during the quarter. Northern Trust Corp owned about 1.33% of Quaker Chemical worth $26,225,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Aperio Group LLC grew its holdings in shares of Quaker Chemical by 6.1% during the fourth quarter. Aperio Group LLC now owns 5,903 shares of the specialty chemicals company’s stock valued at $890,000 after buying an additional 339 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Quaker Chemical by 4.9% during the fourth quarter. UBS Asset Management Americas Inc. now owns 7,731 shares of the specialty chemicals company’s stock valued at $1,166,000 after buying an additional 362 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Quaker Chemical by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 108,215 shares of the specialty chemicals company’s stock valued at $16,317,000 after buying an additional 365 shares during the last quarter. Comerica Bank grew its holdings in shares of Quaker Chemical by 2.9% during the first quarter. Comerica Bank now owns 14,270 shares of the specialty chemicals company’s stock valued at $2,195,000 after buying an additional 399 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of Quaker Chemical by 2.2% during the first quarter. Prudential Financial Inc. now owns 23,282 shares of the specialty chemicals company’s stock valued at $3,449,000 after buying an additional 500 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:KWR opened at $161.35 on Friday. Quaker Chemical Corp has a one year low of $129.98 and a one year high of $165.93. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.12 and a current ratio of 2.73. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 32.21, a price-to-earnings-growth ratio of 2.59 and a beta of 1.29.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings results on Monday, April 30th. The specialty chemicals company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.25 by $0.13. Quaker Chemical had a net margin of 3.11% and a return on equity of 16.10%. The company had revenue of $212.10 million for the quarter, compared to analyst estimates of $206.60 million. During the same period in the prior year, the company earned $1.18 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. sell-side analysts anticipate that Quaker Chemical Corp will post 5.65 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 17th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.92%. This is a positive change from Quaker Chemical’s previous quarterly dividend of $0.36. The ex-dividend date is Monday, July 16th. Quaker Chemical’s dividend payout ratio is presently 28.34%.

In other news, VP D Jeffry Benoliel sold 6,116 shares of the stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $157.01, for a total transaction of $960,273.16. Following the sale, the vice president now directly owns 11,671 shares of the company’s stock, valued at approximately $1,832,463.71. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Donald R. Caldwell sold 1,305 shares of the stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $152.78, for a total transaction of $199,377.90. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by corporate insiders.

KWR has been the topic of a number of research analyst reports. TheStreet lowered shares of Quaker Chemical from a “b” rating to a “c+” rating in a report on Monday, March 5th. Zacks Investment Research raised shares of Quaker Chemical from a “hold” rating to a “buy” rating and set a $172.00 price target on the stock in a report on Thursday, March 22nd. B. Riley set a $165.00 price target on shares of Quaker Chemical and gave the company a “hold” rating in a report on Thursday, March 1st. Seaport Global Securities reaffirmed a “hold” rating and issued a $165.00 price target on shares of Quaker Chemical in a report on Friday, March 16th. Finally, ValuEngine raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $164.00.

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.

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Institutional Ownership by Quarter for Quaker Chemical (NYSE:KWR)

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