Quaker Chemical Co. (NYSE:KWR) SVP David Slinkman Sells 1,700 Shares of Stock

Quaker Chemical Co. (NYSE:KWR) SVP David Slinkman sold 1,700 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $167.80, for a total transaction of $285,260.00. Following the completion of the sale, the senior vice president now owns 2,825 shares in the company, valued at $474,035. This represents a 37.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Quaker Chemical Stock Down 2.9 %

KWR opened at $157.81 on Wednesday. Quaker Chemical Co. has a twelve month low of $151.31 and a twelve month high of $221.94. The company’s 50-day moving average price is $163.83 and its two-hundred day moving average price is $169.66. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 1.96 and a beta of 1.38. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR) last released its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm had revenue of $462.27 million during the quarter, compared to analysts’ expectations of $469.17 million. During the same period in the prior year, the business earned $2.05 earnings per share. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. As a group, equities analysts expect that Quaker Chemical Co. will post 7.78 earnings per share for the current year.

Quaker Chemical Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.485 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.94 dividend on an annualized basis and a yield of 1.23%. Quaker Chemical’s dividend payout ratio is 28.45%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Piper Sandler upped their price target on Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Royal Bank of Canada lowered their target price on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Finally, StockNews.com cut shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

Institutional Investors Weigh In On Quaker Chemical

Institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp lifted its position in Quaker Chemical by 36.8% during the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock valued at $49,000 after purchasing an additional 77 shares during the last quarter. GAMMA Investing LLC grew its position in Quaker Chemical by 105.3% in the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 80 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Quaker Chemical by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the specialty chemicals company’s stock valued at $1,188,000 after acquiring an additional 100 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Quaker Chemical by 6.6% during the second quarter. Mackenzie Financial Corp now owns 1,778 shares of the specialty chemicals company’s stock worth $302,000 after purchasing an additional 110 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Quaker Chemical by 1.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 13,001 shares of the specialty chemicals company’s stock valued at $2,191,000 after purchasing an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Quaker Chemical Company Profile

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.