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

Quaker Chemical Co. (NYSE:KWR) SVP David Slinkman sold 1,700 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $167.80, for a total transaction of $285,260.00. Following the transaction, the senior vice president now directly owns 2,825 shares in the company, valued at $474,035. This trade represents a 37.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Quaker Chemical Price Performance

NYSE:KWR traded down $4.73 on Tuesday, reaching $157.81. The stock had a trading volume of 153,483 shares, compared to its average volume of 95,815. The company has a market capitalization of $2.81 billion, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 1.99 and a beta of 1.38. The stock has a fifty day moving average price of $163.83 and a 200-day moving average price of $169.66. 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 Co. has a 1-year low of $151.31 and a 1-year high of $221.94.

Quaker Chemical (NYSE:KWR) last released 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). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business had revenue of $462.27 million for the quarter, compared to the consensus estimate of $469.17 million. During the same quarter last year, the company earned $2.05 earnings per share. The firm’s revenue was down 5.8% on a year-over-year basis. Research analysts forecast that Quaker Chemical Co. will post 7.78 EPS for the current year.

Quaker Chemical Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KWR. StockNews.com lowered Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada decreased 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 note on Monday, November 4th. Finally, Piper Sandler increased their price objective on shares of Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 8th.

Institutional Investors Weigh In On Quaker Chemical

Several institutional investors have recently modified their holdings of KWR. Vanguard Group Inc. increased its holdings in Quaker Chemical by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company’s stock valued at $329,942,000 after purchasing an additional 8,484 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of Quaker Chemical in the 1st quarter valued at approximately $304,000. Price T Rowe Associates Inc. MD grew its holdings in Quaker Chemical by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company’s stock valued at $22,193,000 after purchasing an additional 3,441 shares during the period. Tidal Investments LLC increased its stake in Quaker Chemical by 18.4% in the first quarter. Tidal Investments LLC now owns 2,842 shares of the specialty chemicals company’s stock valued at $583,000 after purchasing an additional 442 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in Quaker Chemical by 374.3% in the second quarter. Harbor Capital Advisors Inc. now owns 4,183 shares of the specialty chemicals company’s stock worth $710,000 after purchasing an additional 3,301 shares during the period. Institutional investors and hedge funds own 77.46% of the company’s stock.

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.