Quaker Chemical Co. (NYSE:KWR) EVP Jeewat Bijlani Sells 645 Shares

Quaker Chemical Co. (NYSE:KWR) EVP Jeewat Bijlani sold 645 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $165.98, for a total transaction of $107,057.10. Following the completion of the transaction, the executive vice president now directly owns 4,747 shares in the company, valued at $787,907.06. This trade represents a 11.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Quaker Chemical Stock Down 2.9 %

KWR stock opened at $157.81 on Wednesday. The firm has a market cap of $2.81 billion, a PE ratio of 23.14, a PEG ratio of 1.96 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. The firm’s 50 day moving average price is $163.83 and its 200-day moving average price is $169.66. Quaker Chemical Co. has a one year low of $151.31 and a one year high of $221.94.

Quaker Chemical (NYSE:KWR) last announced 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). The firm had revenue of $462.27 million during the quarter, compared to analysts’ expectations of $469.17 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.05 EPS. On average, equities research analysts anticipate that Quaker Chemical Co. will post 7.78 EPS for the current year.

Quaker Chemical Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on KWR. StockNews.com lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Piper Sandler lifted their price target on shares of Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Royal Bank of Canada reduced their price target on shares of 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, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Monday, November 4th.

Institutional Trading of Quaker Chemical

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Quaker Chemical by 1.0% in the third quarter. Geode Capital Management LLC now owns 312,784 shares of the specialty chemicals company’s stock valued at $52,713,000 after purchasing an additional 3,118 shares during the period. Barclays PLC raised its position in Quaker Chemical by 284.2% in the third quarter. Barclays PLC now owns 28,395 shares of the specialty chemicals company’s stock valued at $4,784,000 after purchasing an additional 21,004 shares during the period. iSAM Funds UK Ltd acquired a new position in shares of Quaker Chemical in the third quarter worth $208,000. EP Wealth Advisors LLC acquired a new position in shares of Quaker Chemical in the third quarter worth $239,000. Finally, State Street Corp grew its stake in shares of Quaker Chemical by 3.8% in the third quarter. State Street Corp now owns 554,612 shares of the specialty chemicals company’s stock worth $93,447,000 after acquiring an additional 20,059 shares in 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.