Quaker Chemical Co. (NYSE:KWR) SVP Sells $285,260.00 in Stock

Quaker Chemical Co. (NYSE:KWR) SVP David Slinkman sold 1,700 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $167.80, for a total value of $285,260.00. Following the completion of the sale, the senior vice president now directly owns 2,825 shares in the company, valued at approximately $474,035. The trade was a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Quaker Chemical Stock Performance

Shares of NYSE:KWR opened at $155.86 on Friday. The company has a market cap of $2.77 billion, a P/E ratio of 22.85, a PEG ratio of 1.88 and a beta of 1.38. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. Quaker Chemical Co. has a one year low of $151.31 and a one year high of $221.94. The business’s 50-day simple moving average is $163.34 and its 200 day simple moving average is $169.37.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.19). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business had revenue of $462.27 million for the quarter, compared to analysts’ expectations of $469.17 million. During the same quarter in the prior year, the firm earned $2.05 earnings per share. Quaker Chemical’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, sell-side analysts forecast that Quaker Chemical Co. will post 7.78 earnings per share for the current fiscal year.

Quaker Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a $0.485 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.24%. Quaker Chemical’s dividend payout ratio (DPR) is 28.45%.

Institutional Investors Weigh In On Quaker Chemical

A number of institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its position in Quaker Chemical by 112.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,903 shares of the specialty chemicals company’s stock worth $1,500,000 after acquiring an additional 4,720 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Quaker Chemical by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company’s stock worth $22,193,000 after acquiring an additional 3,441 shares during the period. Vanguard Group Inc. boosted its position in Quaker Chemical by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company’s stock worth $329,942,000 after acquiring an additional 8,484 shares during the period. Cerity Partners LLC boosted its position in Quaker Chemical by 485.5% during the 3rd quarter. Cerity Partners LLC now owns 64,631 shares of the specialty chemicals company’s stock worth $10,890,000 after acquiring an additional 53,592 shares during the period. Finally, ProShare Advisors LLC boosted its position in Quaker Chemical by 68.3% during the 2nd quarter. ProShare Advisors LLC now owns 67,812 shares of the specialty chemicals company’s stock worth $11,508,000 after acquiring an additional 27,514 shares during the period. 77.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Piper Sandler raised their price target on Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft decreased their price target on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Royal Bank of Canada decreased their price target on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th.

About Quaker Chemical

Quaker Chemical Corporation, together with its subsidiaries, develops, produces, and markets various formulated specialty chemical products for a range of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die-cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.