Dimensional Fund Advisors LP raised its stake in shares of Quaker Chemical Corp. (NYSE:KWR) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 505,271 shares of the company’s stock after buying an additional 6,603 shares during the period. Dimensional Fund Advisors LP owned 3.81% of Quaker Chemical Corp. worth $45,069,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Teacher Retirement System of Texas raised its stake in shares of Quaker Chemical Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 1,862 shares of the company’s stock valued at $166,000 after buying an additional 227 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Quaker Chemical Corp. by 13.7% in the second quarter. JPMorgan Chase & Co. now owns 306,010 shares of the company’s stock valued at $27,297,000 after buying an additional 36,895 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Quaker Chemical Corp. by 3.4% in the second quarter. Ameriprise Financial Inc. now owns 69,480 shares of the company’s stock valued at $6,198,000 after buying an additional 2,309 shares in the last quarter. Copeland Capital Management LLC raised its stake in shares of Quaker Chemical Corp. by 0.3% in the second quarter. Copeland Capital Management LLC now owns 170,953 shares of the company’s stock valued at $15,249,000 after buying an additional 473 shares in the last quarter. Finally, RidgeWorth Capital Management LLC acquired a new stake in shares of Quaker Chemical Corp. during the second quarter valued at about $411,000. 82.26% of the stock is owned by hedge funds and other institutional investors.
Shares of Quaker Chemical Corp. (NYSE:KWR) traded down 1.51% during midday trading on Thursday, reaching $103.56. The company had a trading volume of 2,048 shares. Quaker Chemical Corp. has a 1-year low of $68.20 and a 1-year high of $106.92. The company’s 50-day moving average is $101.50 and its 200-day moving average is $92.85. The stock has a market capitalization of $1.37 billion, a PE ratio of 25.58 and a beta of 1.43.
Quaker Chemical Corp. (NYSE:KWR) last released its quarterly earnings results on Wednesday, July 27th. The company reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.02. Quaker Chemical Corp. had a return on equity of 15.21% and a net margin of 7.28%. The company had revenue of $186.91 million for the quarter, compared to analyst estimates of $187.77 million. During the same period in the previous year, the company posted $1.15 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis. On average, equities research analysts forecast that Quaker Chemical Corp. will post $4.55 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be given a dividend of $0.345 per share. The ex-dividend date is Thursday, October 13th. This represents a $1.38 annualized dividend and a dividend yield of 1.31%. Quaker Chemical Corp.’s dividend payout ratio is presently 34.07%.
Several brokerages have recently issued reports on KWR. Zacks Investment Research raised Quaker Chemical Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th. Jefferies Group reaffirmed a “hold” rating on shares of Quaker Chemical Corp. in a research report on Sunday, July 17th.
About Quaker Chemical Corp.
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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