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

Quaker Chemical Co. (NYSE:KWR) EVP Jeewat Bijlani sold 645 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $165.98, for a total value of $107,057.10. Following the sale, the executive vice president now directly owns 4,747 shares of the company’s stock, valued at $787,907.06. The trade was a 11.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Quaker Chemical Stock Down 1.2 %

KWR opened at $155.94 on Thursday. The firm has a market cap of $2.77 billion, a P/E ratio of 22.87, a PEG ratio of 1.96 and a beta of 1.38. The business’s fifty day simple moving average is $163.60 and its 200 day simple moving average is $169.47. Quaker Chemical Co. has a 52 week low of $151.31 and a 52 week high of $221.94. 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 issued its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). The firm had revenue of $462.27 million for the quarter, compared to analysts’ expectations of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 earnings per share. As a group, equities research analysts anticipate that Quaker Chemical Co. will post 7.78 EPS for the current fiscal year.

Quaker Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, January 17th. Quaker Chemical’s dividend payout ratio is presently 28.45%.

Institutional Investors Weigh In On Quaker Chemical

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its stake in Quaker Chemical by 337.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 224,008 shares of the specialty chemicals company’s stock worth $38,014,000 after acquiring an additional 172,750 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Quaker Chemical by 2,077.7% in the 2nd quarter. Marshall Wace LLP now owns 138,239 shares of the specialty chemicals company’s stock valued at $23,459,000 after acquiring an additional 131,891 shares during the period. WCM Investment Management LLC acquired a new position in shares of Quaker Chemical during the 3rd quarter valued at $9,288,000. 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 purchasing an additional 53,592 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in Quaker Chemical by 917.6% in the 3rd quarter. Janus Henderson Group PLC now owns 57,370 shares of the specialty chemicals company’s stock valued at $9,666,000 after purchasing an additional 51,732 shares in the last quarter. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Analyst Ratings Changes

KWR has been the topic of a number of analyst reports. StockNews.com lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Royal Bank of Canada reduced their target price on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered their target price 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. Finally, Piper Sandler raised 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.

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.