Mainstay Capital Management LLC ADV bought a new position in shares of Quaker Chemical Corp (NYSE:KWR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 78,862 shares of the specialty chemicals company’s stock, valued at approximately $721,000. Mainstay Capital Management LLC ADV owned approximately 0.59% of Quaker Chemical at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sei Investments Co. lifted its position in shares of Quaker Chemical by 391.8% during the first quarter. Sei Investments Co. now owns 1,446 shares of the specialty chemicals company’s stock worth $214,000 after purchasing an additional 1,152 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in shares of Quaker Chemical during the first quarter worth approximately $237,000. Vident Investment Advisory LLC acquired a new position in shares of Quaker Chemical during the second quarter worth approximately $253,000. Profund Advisors LLC lifted its position in shares of Quaker Chemical by 29.3% during the first quarter. Profund Advisors LLC now owns 1,958 shares of the specialty chemicals company’s stock worth $290,000 after purchasing an additional 444 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Quaker Chemical by 38.8% during the first quarter. SG Americas Securities LLC now owns 2,064 shares of the specialty chemicals company’s stock worth $306,000 after purchasing an additional 577 shares in the last quarter. Institutional investors own 98.16% of the company’s stock.

In other Quaker Chemical news, VP Joseph A. Berquist sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $170.84, for a total value of $85,420.00. Following the completion of the sale, the vice president now owns 11,411 shares of the company’s stock, valued at $1,949,455.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP D Jeffry Benoliel sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $167.93, for a total transaction of $335,860.00. Following the completion of the sale, the vice president now directly owns 11,531 shares of the company’s stock, valued at approximately $1,936,400.83. The disclosure for this sale can be found here. Insiders sold 8,491 shares of company stock valued at $1,481,629 in the last ninety days. Insiders own 3.20% of the company’s stock.

NYSE KWR traded up $2.25 during trading hours on Friday, hitting $189.90. The company’s stock had a trading volume of 116,055 shares, compared to its average volume of 51,078. Quaker Chemical Corp has a twelve month low of $137.95 and a twelve month high of $204.49. The firm has a market capitalization of $2.70 billion, a P/E ratio of 37.90, a P/E/G ratio of 3.05 and a beta of 1.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.78 and a quick ratio of 2.15.

Quaker Chemical (NYSE:KWR) last announced its quarterly earnings data on Monday, July 30th. The specialty chemicals company reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.13. Quaker Chemical had a net margin of 3.89% and a return on equity of 17.27%. The business had revenue of $221.96 million for the quarter, compared to analyst estimates of $214.72 million. During the same period in the prior year, the business posted $1.24 earnings per share. Quaker Chemical’s revenue was up 10.3% compared to the same quarter last year. Sell-side analysts expect that Quaker Chemical Corp will post 6.04 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 17th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.78%. The ex-dividend date is Tuesday, October 16th. Quaker Chemical’s payout ratio is presently 29.54%.

Several brokerages recently weighed in on KWR. Zacks Investment Research lowered shares of Quaker Chemical from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Sidoti increased their price objective on shares of Quaker Chemical from $151.00 to $176.00 and gave the company a “neutral” rating in a report on Wednesday. B. Riley set a $170.00 price objective on shares of Quaker Chemical and gave the company a “hold” rating in a report on Tuesday, July 31st. Finally, Janney Montgomery Scott began coverage on shares of Quaker Chemical in a report on Friday, July 13th. They issued a “neutral” rating and a $170.00 price objective on the stock. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Quaker Chemical has a consensus rating of “Hold” and a consensus target price of $177.00.

Quaker Chemical Profile

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. Its products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.

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Institutional Ownership by Quarter for Quaker Chemical (NYSE:KWR)

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