The Two Sigma Securities LLC Buys New Position in Quaker Chemical Corporation (KWR)

The Two Sigma Securities LLC Buys New Position in Quaker Chemical Corporation (KWR)

Two Sigma Securities LLC bought a new stake in Quaker Chemical Corporation (NYSE:KWR) during the third quarter, Holdings Channel reports. The firm bought 3,152 shares of the company’s stock, valued at approximately $334,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KWR. Aberdeen Asset Management PLC UK raised its position in shares of Quaker Chemical Corporation by 52.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 314,268 shares of the company’s stock valued at $28,032,000 after buying an additional 107,950 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Quaker Chemical Corporation by 25.8% in the third quarter. Neuberger Berman Group LLC now owns 472,110 shares of the company’s stock valued at $50,011,000 after buying an additional 96,854 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of Quaker Chemical Corporation by 7.6% in the third quarter. BlackRock Fund Advisors now owns 905,063 shares of the company’s stock valued at $95,873,000 after buying an additional 63,982 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Quaker Chemical Corporation by 27.5% in the second quarter. Macquarie Group Ltd. now owns 230,338 shares of the company’s stock valued at $20,546,000 after buying an additional 49,678 shares in the last quarter. Finally, Palisade Capital Management LLC NJ raised its position in shares of Quaker Chemical Corporation by 24.3% in the third quarter. Palisade Capital Management LLC NJ now owns 224,370 shares of the company’s stock valued at $23,768,000 after buying an additional 43,824 shares in the last quarter. 82.23% of the stock is owned by hedge funds and other institutional investors.

Quaker Chemical Corporation (NYSE:KWR) traded up 0.44% on Wednesday, reaching $126.03. The company had a trading volume of 132,146 shares. The stock’s 50-day moving average is $129.50 and its 200-day moving average is $109.36. Quaker Chemical Corporation has a 52 week low of $69.65 and a 52 week high of $139.92. The company has a market capitalization of $1.67 billion, a P/E ratio of 30.17 and a beta of 1.15.

Quaker Chemical Corporation (NYSE:KWR) last announced its earnings results on Wednesday, October 26th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.05. Quaker Chemical Corporation had a return on equity of 15.02% and a net margin of 7.49%. The business earned $190.40 million during the quarter, compared to analyst estimates of $190.83 million. During the same quarter in the previous year, the business earned $1.19 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts forecast that Quaker Chemical Corporation will post $4.54 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Tuesday, January 17th will be given a dividend of $345.00 per share. This represents a $1,380.00 annualized dividend and a dividend yield of 1,094.98%. The ex-dividend date is Thursday, January 12th. This is a positive change from Quaker Chemical Corporation’s previous quarterly dividend of $0.35. Quaker Chemical Corporation’s payout ratio is 33.01%.

KWR has been the subject of several research reports. Zacks Investment Research raised Quaker Chemical Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, November 2nd. Jefferies Group increased their target price on Quaker Chemical Corporation from $110.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 9th.

In other Quaker Chemical Corporation news, Director William H. Osborne bought 200 shares of the company’s stock in a transaction on Monday, January 9th. The stock was acquired at an average price of $127.71 per share, for a total transaction of $25,542.00. Following the completion of the transaction, the director now directly owns 1,918 shares of the company’s stock, valued at $244,947.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.90% of the company’s stock.

About Quaker Chemical Corporation

Quaker Chemical Corporation is engaged in providing process fluids, chemical specialties and technical expertise to a range of industries, including steel, aluminum, automotive, mining, aerospace, tube and pipe, cans and others. The Company operates through four segments: North America, the Europe; Middle East and Africa (EMEA); Asia/Pacific, and South America.

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