Piermont Capital Management Inc. Has $857,000 Holding in Quaker Chemical Corp (KWR)

Piermont Capital Management Inc. Has $857,000 Holding in Quaker Chemical Corp (KWR)

Piermont Capital Management Inc. boosted its stake in Quaker Chemical Corp (NYSE:KWR) by 48.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,510 shares of the specialty chemicals company’s stock after buying an additional 2,130 shares during the period. Piermont Capital Management Inc.’s holdings in Quaker Chemical Corp were worth $857,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. LS Investment Advisors LLC boosted its stake in shares of Quaker Chemical Corp by 54.2% in the first quarter. LS Investment Advisors LLC now owns 777 shares of the specialty chemicals company’s stock valued at $102,000 after buying an additional 273 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Quaker Chemical Corp during the first quarter valued at $147,000. Elkfork Partners LLC purchased a new stake in shares of Quaker Chemical Corp during the fourth quarter valued at $170,000. State of Alaska Department of Revenue boosted its stake in shares of Quaker Chemical Corp by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 1,470 shares of the specialty chemicals company’s stock valued at $193,000 after buying an additional 40 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Quaker Chemical Corp during the first quarter valued at $219,000. Institutional investors and hedge funds own 82.32% of the company’s stock.

Shares of Quaker Chemical Corp (NYSE:KWR) traded up 1.54% during midday trading on Friday, hitting $144.48. The company had a trading volume of 60,667 shares. Quaker Chemical Corp has a 12 month low of $82.41 and a 12 month high of $153.90. The company has a 50-day moving average of $141.21 and a 200 day moving average of $132.96. The firm has a market capitalization of $1.92 billion, a PE ratio of 34.66 and a beta of 1.09.

Quaker Chemical Corp (NYSE:KWR) last issued its quarterly earnings data on Monday, May 1st. The specialty chemicals company reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.12. Quaker Chemical Corp had a return on equity of 15.02% and a net margin of 7.49%. The business had revenue of $194.91 million during the quarter, compared to analysts’ expectations of $186.33 million. During the same period in the previous year, the firm posted $0.98 earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. On average, analysts expect that Quaker Chemical Corp will post $4.91 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be paid a $0.355 dividend. The ex-dividend date is Thursday, July 13th. This is a boost from Quaker Chemical Corp’s previous quarterly dividend of $0.35. This represents a $1.42 dividend on an annualized basis and a dividend yield of 0.98%. Quaker Chemical Corp’s payout ratio is presently 33.01%.

A number of brokerages recently weighed in on KWR. Zacks Investment Research upgraded Quaker Chemical Corp from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Wednesday, May 10th. Jefferies Group LLC restated a “hold” rating and set a $153.00 price objective on shares of Quaker Chemical Corp in a research note on Thursday, April 6th.

In related news, Director Donald R. Caldwell sold 1,000 shares of Quaker Chemical Corp stock in a transaction on Friday, May 26th. The stock was sold at an average price of $138.60, for a total value of $138,600.00. Following the completion of the transaction, the director now directly owns 9,210 shares in the company, valued at $1,276,506. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Dieter Laininger sold 8,000 shares of Quaker Chemical Corp stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $142.50, for a total value of $1,140,000.00. The disclosure for this sale can be found here. Insiders sold 17,000 shares of company stock valued at $2,397,570 over the last ninety days. Insiders own 3.90% of the company’s stock.

About Quaker Chemical Corp

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. The Company’s segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KWR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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