Quaker Chemical Corp (NYSE:KWR) Shares Purchased by Bridge City Capital LLC

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Bridge City Capital LLC boosted its position in Quaker Chemical Corp (NYSE:KWR) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,204 shares of the specialty chemicals company’s stock after acquiring an additional 57 shares during the quarter. Bridge City Capital LLC owned 0.08% of Quaker Chemical worth $2,070,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Toronto Dominion Bank acquired a new position in Quaker Chemical in the first quarter valued at $40,000. Manchester Capital Management LLC acquired a new position in Quaker Chemical in the first quarter valued at $100,000. Belpointe Asset Management LLC acquired a new position in shares of Quaker Chemical during the first quarter worth about $102,000. FMR LLC lifted its stake in shares of Quaker Chemical by 346.9% during the fourth quarter. FMR LLC now owns 800 shares of the specialty chemicals company’s stock worth $142,000 after purchasing an additional 621 shares in the last quarter. Finally, Hanseatic Management Services Inc. lifted its stake in shares of Quaker Chemical by 22.5% during the first quarter. Hanseatic Management Services Inc. now owns 740 shares of the specialty chemicals company’s stock worth $148,000 after purchasing an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Shares of KWR opened at $165.26 on Tuesday. The stock’s 50-day moving average is $191.09. The firm has a market capitalization of $2.25 billion, a PE ratio of 27.36, a PEG ratio of 2.26 and a beta of 1.52. Quaker Chemical Corp has a 12 month low of $158.16 and a 12 month high of $224.30. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.02 and a current ratio of 2.65.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings data on Thursday, August 1st. The specialty chemicals company reported $1.56 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.56. The company had revenue of $205.87 million for the quarter, compared to analysts’ expectations of $223.15 million. Quaker Chemical had a return on equity of 18.55% and a net margin of 6.69%. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.56 earnings per share. As a group, analysts predict that Quaker Chemical Corp will post 6.8 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were paid a $0.385 dividend. This is a boost from Quaker Chemical’s previous quarterly dividend of $0.37. The ex-dividend date was Tuesday, July 16th. This represents a $1.54 annualized dividend and a dividend yield of 0.93%. Quaker Chemical’s payout ratio is 25.50%.

In related news, Director Donald R. Caldwell sold 250 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $201.65, for a total value of $50,412.50. Following the transaction, the director now owns 5,071 shares in the company, valued at $1,022,567.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.90% of the company’s stock.

A number of brokerages have commented on KWR. Janney Montgomery Scott upgraded Quaker Chemical from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Zacks Investment Research upgraded Quaker Chemical from a “sell” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, ValuEngine cut Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Four investment 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 a consensus rating of “Hold” and an average target price of $193.00.

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. The company's 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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