Raymond James & Associates Boosts Position in Quaker Chemical Corp (KWR)

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Raymond James & Associates increased its stake in shares of Quaker Chemical Corp (NYSE:KWR) by 76.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,114 shares of the specialty chemicals company’s stock after purchasing an additional 15,683 shares during the quarter. Raymond James & Associates owned approximately 0.27% of Quaker Chemical worth $6,418,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Third Security LLC acquired a new stake in shares of Quaker Chemical during the third quarter worth approximately $261,000. Vanguard Group Inc. boosted its holdings in shares of Quaker Chemical by 1.7% during the third quarter. Vanguard Group Inc. now owns 1,428,100 shares of the specialty chemicals company’s stock worth $288,776,000 after purchasing an additional 23,996 shares during the period. 361 Capital LLC acquired a new stake in shares of Quaker Chemical during the fourth quarter worth approximately $2,308,000. BlackRock Inc. boosted its holdings in shares of Quaker Chemical by 4.9% during the third quarter. BlackRock Inc. now owns 1,897,934 shares of the specialty chemicals company’s stock worth $383,781,000 after purchasing an additional 87,878 shares during the period. Finally, Hanseatic Management Services Inc. acquired a new stake in shares of Quaker Chemical during the fourth quarter worth approximately $107,000. Institutional investors and hedge funds own 96.75% of the company’s stock.

NYSE KWR opened at $195.96 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.76 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 32.44, a price-to-earnings-growth ratio of 2.57 and a beta of 1.40. Quaker Chemical Corp has a 12-month low of $137.95 and a 12-month high of $217.15.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Monday, April 15th. Quaker Chemical’s dividend payout ratio (DPR) is presently 24.50%.

A number of analysts have issued reports on the stock. Janney Montgomery Scott reiterated a “neutral” rating and issued a $198.00 target price on shares of Quaker Chemical in a research note on Tuesday, January 29th. Zacks Investment Research cut shares of Quaker Chemical from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Quaker Chemical in a research note on Tuesday, February 5th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $182.80.

In other Quaker Chemical news, insider Shane Hostetter sold 1,892 shares of Quaker Chemical stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $207.51, for a total value of $392,608.92. Following the completion of the sale, the insider now directly owns 1,303 shares in the company, valued at $270,385.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.20% of the stock is owned by insiders.

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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.

Read More: Return on Equity (ROE)

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

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