News

Oct 18, 2023

Edgestream Partners L.P. Invests $481,000 in Quaker Chemical Co. (NYSE:KWR)

Edgestream Partners L.P. bought a new stake in shares of Quaker Chemical Co.

Edgestream Partners L.P. bought a new stake in shares of Quaker Chemical Co. (NYSE:KWR - Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,879 shares of the specialty chemicals company's stock, valued at approximately $481,000.

Several other hedge funds have also bought and sold shares of the stock. Quadrant Capital Group LLC grew its stake in shares of Quaker Chemical by 327.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 436 shares of the specialty chemicals company's stock valued at $63,000 after acquiring an additional 334 shares during the period. US Bancorp DE boosted its holdings in Quaker Chemical by 30.2% in the 1st quarter. US Bancorp DE now owns 754 shares of the specialty chemicals company's stock worth $131,000 after buying an additional 175 shares during the period. Tower Research Capital LLC TRC increased its stake in Quaker Chemical by 63.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the specialty chemicals company's stock worth $162,000 after buying an additional 435 shares in the last quarter. Captrust Financial Advisors raised its holdings in Quaker Chemical by 10.9% during the second quarter. Captrust Financial Advisors now owns 1,213 shares of the specialty chemicals company's stock valued at $181,000 after acquiring an additional 119 shares during the period. Finally, Pettee Investors Inc. purchased a new position in shares of Quaker Chemical in the fourth quarter valued at about $209,000. Institutional investors own 80.91% of the company's stock.

In other Quaker Chemical news, EVP Melissa Leneis sold 500 shares of the company's stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $190.21, for a total value of $95,105.00. Following the transaction, the executive vice president now directly owns 10,201 shares in the company, valued at approximately $1,940,332.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Quaker Chemical news, SVP Robert T. Traub sold 3,650 shares of Quaker Chemical stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $205.00, for a total transaction of $748,250.00. Following the completion of the sale, the senior vice president now directly owns 3,150 shares of the company's stock, valued at approximately $645,750. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Melissa Leneis sold 500 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $190.21, for a total value of $95,105.00. Following the transaction, the executive vice president now directly owns 10,201 shares in the company, valued at approximately $1,940,332.21. The disclosure for this sale can be found here. Insiders have sold a total of 28,395 shares of company stock worth $5,794,248 over the last quarter. Company insiders own 1.30% of the company's stock.

Shares of NYSE KWR opened at $198.64 on Tuesday. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of -551.78 and a beta of 1.43. Quaker Chemical Co. has a 12-month low of $129.06 and a 12-month high of $216.45. The company has a current ratio of 2.79, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70. The firm's 50-day moving average price is $195.75 and its 200-day moving average price is $189.86.

Quaker Chemical (NYSE:KWR - Get Rating) last released its quarterly earnings results on Friday, May 5th. The specialty chemicals company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.54. Quaker Chemical had a positive return on equity of 8.74% and a negative net margin of 0.32%. The company had revenue of $500.15 million for the quarter, compared to analyst estimates of $485.29 million. During the same quarter in the prior year, the firm posted $1.42 EPS. Quaker Chemical's quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts anticipate that Quaker Chemical Co. will post 7.48 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be issued a $0.435 dividend. The ex-dividend date of this dividend is Friday, July 14th. This represents a $1.74 annualized dividend and a dividend yield of 0.88%. Quaker Chemical's payout ratio is -483.33%.

KWR has been the topic of several recent analyst reports. Royal Bank of Canada lifted their target price on Quaker Chemical from $203.00 to $227.00 in a research note on Monday, May 8th. Stifel Nicolaus started coverage on shares of Quaker Chemical in a report on Thursday, June 1st. They issued a "buy" rating and a $250.00 target price on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Quaker Chemical from $220.00 to $235.00 in a research report on Monday, May 8th. Finally, StockNews.com assumed coverage on shares of Quaker Chemical in a report on Thursday, May 18th. They set a "hold" rating for the company.

Quaker Houghton engages in the business of developing, producing, and marketing formulated chemical specialty products. It operates through the following geographical segments: Americas, Europe, Middle East and Africa, Asia Pacific, and Global Specialty Businesses. Its products include can making lubricants, cleaners, coatings, cold rolling oils, corrosion preventives, die casting lubricants, dust suppressants, greases, ground control agents, hot rolling oils, hydraulic fluids, industrial lubricants, longwall fluids, metal forming fluids, metal removal fluids, pickle oils, surface treatments, temper fluids, and tin plating.

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