Insider Selling: Quaker Chemical Co. (NYSE:KWR) EVP Sells 645 Shares of Stock

Quaker Chemical Co. (NYSE:KWR) EVP Jeewat Bijlani sold 645 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $165.98, for a total value of $107,057.10. Following the sale, the executive vice president now owns 4,747 shares of the company’s stock, valued at approximately $787,907.06. This represents a 11.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Quaker Chemical Price Performance

Shares of NYSE:KWR traded down $4.74 on Tuesday, reaching $157.80. The company’s stock had a trading volume of 153,484 shares, compared to its average volume of 95,815. The company has a 50-day simple moving average of $163.83 and a 200 day simple moving average of $169.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The company has a market cap of $2.81 billion, a P/E ratio of 23.66, a PEG ratio of 1.99 and a beta of 1.38. Quaker Chemical Co. has a 52-week low of $151.31 and a 52-week high of $221.94.

Quaker Chemical (NYSE:KWR) last posted 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). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm had revenue of $462.27 million for the quarter, compared to analysts’ expectations of $469.17 million. During the same period in the previous year, the firm earned $2.05 earnings per share. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Quaker Chemical Co. will post 7.78 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.94 annualized dividend and a dividend yield of 1.23%. Quaker Chemical’s dividend payout ratio (DPR) is 28.45%.

Analyst Ratings Changes

Several research analysts have recently weighed in on KWR shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. StockNews.com lowered Quaker Chemical from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Piper Sandler raised their price objective on Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada cut their price objective on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, November 4th.

Institutional Trading of Quaker Chemical

A number of large investors have recently modified their holdings of the company. First Pacific Financial bought a new stake in shares of Quaker Chemical in the 2nd quarter valued at about $25,000. GAMMA Investing LLC boosted its stake in Quaker Chemical by 105.3% in 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 in the last quarter. Fifth Third Bancorp grew its holdings in Quaker Chemical by 36.8% in the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock worth $49,000 after purchasing an additional 77 shares during the last quarter. KBC Group NV increased its position in shares of Quaker Chemical by 50.9% during the third quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock worth $88,000 after purchasing an additional 177 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Quaker Chemical during the 2nd quarter valued at $136,000. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Quaker Chemical Company Profile

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.