Insider Selling: Quaker Chemical Co. (NYSE:KWR) SVP Sells 1,700 Shares of Stock

Quaker Chemical Co. (NYSE:KWR) SVP David Slinkman sold 1,700 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $167.80, for a total value of $285,260.00. Following the transaction, the senior vice president now owns 2,825 shares of the company’s stock, valued at approximately $474,035. This represents a 37.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Quaker Chemical Stock Performance

Shares of Quaker Chemical stock opened at $157.81 on Wednesday. The firm’s 50-day moving average is $163.83 and its 200 day moving average is $169.66. Quaker Chemical Co. has a 1 year low of $151.31 and a 1 year high of $221.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 1.96 and a beta of 1.38.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.19). The business had revenue of $462.27 million during the quarter, compared to the consensus estimate of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. Quaker Chemical’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.05 earnings per share. Sell-side analysts anticipate that Quaker Chemical Co. will post 7.78 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

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

Institutional Investors Weigh In On Quaker Chemical

A number of large investors have recently added to or reduced their stakes in KWR. Fifth Third Bancorp boosted its stake in shares of Quaker Chemical by 36.8% in the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 77 shares during the last quarter. GAMMA Investing LLC increased its position in Quaker Chemical by 105.3% during the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 80 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Quaker Chemical by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the specialty chemicals company’s stock valued at $1,188,000 after acquiring an additional 100 shares during the period. Mackenzie Financial Corp grew its stake in shares of Quaker Chemical by 6.6% during the 2nd quarter. Mackenzie Financial Corp now owns 1,778 shares of the specialty chemicals company’s stock valued at $302,000 after purchasing an additional 110 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of Quaker Chemical by 1.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 13,001 shares of the specialty chemicals company’s stock valued at $2,191,000 after purchasing an additional 123 shares during the period. Institutional investors own 77.46% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a report on Monday, November 4th. StockNews.com downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Royal Bank of Canada dropped their target price on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Finally, Piper Sandler lifted their price target on shares of 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.