Quaker Chemical Corporation (KWR) Earning Somewhat Favorable News Coverage, Report Finds

Paterniano Del Favero
Agosto 12, 2017

FBR & Co reiterated a "marketperform" rating on shares of Quaker Chemical Corporation in a research report on Tuesday, July 11th.

KWR has been the topic of several analyst reports. Zacks Investment Research upgraded Quaker Chemical Corporation from a "hold" rating to a "buy" rating and set a $160.00 price objective for the company in a research report on Wednesday, May 10th. State of Alaska Department of Revenue increased its position in shares of Quaker Chemical Corporation by 2.8% in the first quarter.

The company is trading down since yesterday's close of $135.49. Bryn Mawr Tru Company accumulated 0.42% or 52,953 shares.

The company now has a P/E ratio of 34.33 and the market cap of the company is 1.80B.

Company shares last traded at $135.06 which is significantly below the 50 day moving average which is $144.64 and which is slightly below the 200 day moving average of $138.65. Quaker Chemical Corporation has a 12 month low of $96.13 and a 12 month high of $154.38. Quaker Chemical Corporation declared a dividend for shareholders paid on Monday July 31st, 2017. Next quarter's EPS is estimated at $1.23 and the next full year EPS is projected to be $5.91. The business had revenue of $201.18 million during the quarter, compared to analysts' expectations of $197.23 million. Quaker Chemical Corporation had a net margin of 6.73% and a return on equity of 15.52%. Quaker Chemical Corporation's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 EPS. On average, analysts expect that Quaker Chemical Corporation will post $4.93 EPS for the current year.

COPYRIGHT VIOLATION WARNING: "Quaker Chemical Corporation (KWR) Stake Boosted by Teachers Advisors LLC" was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and global copyright and trademark law. The correct version of this story can be read at https://www.chaffeybreeze.com/2017/08/11/morgan-stanley-has-4-51-million-stake-in-quaker-chemical-corporation-kwr.html. The insider BENOLIEL D JEFFRY sold 3,000 shares worth $413,071. The stock was sold at an average price of $138.60, for a total value of $138,600.00. Alliancebernstein L.P. owns 18,110 shares valued at $2,630,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

In other news, Director Donald R. Caldwell sold 1,800 shares of the business's stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $139.55, for a total value of $251,190.00. Following the completion of the sale, the director now directly owns 9,210 shares in the company, valued at $1,276,506. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,800 shares of company stock worth $802,860.

Also, the number of active investment managers holding Quaker Chemical Corp in their top 10 positions increased from 0 to 1 for an increase of 1. Finally, Legato Capital Management LLC raised its stake in shares of Quaker Chemical Corporation by 13,066.0% in the first quarter. Profund Advisors LLC now owns 2,064 shares of the specialty chemicals company's stock valued at $272,000 after buying an additional 345 shares in the last quarter. LS Investment Advisors LLC boosted its position in Quaker Chemical Corporation by 54.2% in the first quarter. Advisors Asset Management Inc. raised its position in shares of Quaker Chemical Corporation by 43.0% in the first quarter. Legato Capital Management LLC now owns 56,219 shares of the specialty chemicals company's stock valued at $427,000 after buying an additional 55,792 shares in the last quarter. BlackRock Inc. now owns 1,568,991 shares of the specialty chemicals company's stock worth $206,573,000 after buying an additional 1,567,083 shares in the last quarter. Finally, Municipal Employees Retirement System of MI raised its position in Quaker Chemical Corporation by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 239,215 shares of the specialty chemicals company's stock worth $31,496,000 after buying an additional 63,207 shares during the period.

Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others.

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