O Brien Greene & Co. Inc trimmed its stake in Quaker Chemical Co. (NYSE:KWR) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,967 shares of the specialty chemicals company’s stock after selling 80 shares during the period. O Brien Greene & Co. Inc’s holdings in Quaker Chemical were worth $967,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. CWM LLC grew its holdings in shares of Quaker Chemical by 178.9% during the first quarter. CWM LLC now owns 159 shares of the specialty chemicals company’s stock worth $39,000 after purchasing an additional 102 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Quaker Chemical during the first quarter worth approximately $45,000. Captrust Financial Advisors lifted its stake in Quaker Chemical by 2,160.0% in the fourth quarter. Captrust Financial Advisors now owns 226 shares of the specialty chemicals company’s stock valued at $57,000 after buying an additional 216 shares during the last quarter. Veriti Management LLC acquired a new stake in shares of Quaker Chemical in the fourth quarter valued at approximately $104,000. Finally, SG Americas Securities LLC purchased a new position in shares of Quaker Chemical during the fourth quarter worth approximately $106,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.
In other Quaker Chemical news, VP David Will sold 280 shares of the business’s stock in a transaction on Tuesday, May 25th. The shares were sold at an average price of $234.03, for a total transaction of $65,528.40. Following the sale, the vice president now directly owns 1,148 shares in the company, valued at approximately $268,666.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael F. Barry sold 15,000 shares of the business’s stock in a transaction on Monday, May 10th. The stock was sold at an average price of $236.42, for a total transaction of $3,546,300.00. Following the sale, the chief executive officer now owns 102,219 shares in the company, valued at $24,166,615.98. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.
Shares of Quaker Chemical stock traded down $1.93 during trading hours on Friday, hitting $238.05. 334 shares of the company were exchanged, compared to its average volume of 76,722. The company has a quick ratio of 1.57, a current ratio of 2.10 and a debt-to-equity ratio of 0.65. The firm has a 50-day simple moving average of $239.81. Quaker Chemical Co. has a 1 year low of $167.47 and a 1 year high of $301.99. The firm has a market capitalization of $4.25 billion, a PE ratio of 40.20 and a beta of 1.47.
Quaker Chemical (NYSE:KWR) last announced its quarterly earnings data on Thursday, May 6th. The specialty chemicals company reported $2.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.65. The company had revenue of $429.80 million during the quarter, compared to the consensus estimate of $381.67 million. Quaker Chemical had a net margin of 7.26% and a return on equity of 7.82%. Quaker Chemical’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.38 EPS. On average, research analysts predict that Quaker Chemical Co. will post 7.3 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 30th. Investors of record on Friday, July 16th will be given a $0.395 dividend. The ex-dividend date of this dividend is Thursday, July 15th. This represents a $1.58 dividend on an annualized basis and a yield of 0.66%. Quaker Chemical’s payout ratio is currently 33.05%.
About Quaker Chemical
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications. It operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses. The company 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, metal finishing fluids, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.
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