New York State Teachers Retirement System maintained its position in shares of Quaker Chemical Corp. (NYSE:KWR) during the second quarter, Holdings Channel reports. The institutional investor owned 31,692 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Quaker Chemical Corp. were worth $2,827,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Quaker Chemical Corp. by 100.5% in the first quarter. JPMorgan Chase & Co. now owns 269,115 shares of the company’s stock worth $22,836,000 after buying an additional 134,874 shares during the period. Renaissance Technologies LLC boosted its position in shares of Quaker Chemical Corp. by 14.0% in the first quarter. Renaissance Technologies LLC now owns 177,100 shares of the company’s stock worth $15,029,000 after buying an additional 21,700 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of Quaker Chemical Corp. by 4.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 347,800 shares of the company’s stock worth $29,514,000 after buying an additional 16,274 shares during the period. GW&K Investment Management LLC boosted its position in shares of Quaker Chemical Corp. by 17.9% in the second quarter. GW&K Investment Management LLC now owns 81,759 shares of the company’s stock worth $7,293,000 after buying an additional 12,393 shares during the period. Finally, Hancock Holding Co. acquired a new position in shares of Quaker Chemical Corp. during the first quarter worth $1,035,000. 82.26% of the stock is currently owned by institutional investors.
Quaker Chemical Corp. (NYSE:KWR) traded up 1.15% on Wednesday, reaching $105.49. 65,150 shares of the company’s stock traded hands. The stock has a 50-day moving average of $101.31 and a 200 day moving average of $92.76. Quaker Chemical Corp. has a 52 week low of $68.20 and a 52 week high of $106.92. The firm has a market capitalization of $1.40 billion, a P/E ratio of 26.06 and a beta of 1.43.
Quaker Chemical Corp. (NYSE:KWR) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.02. The business had revenue of $186.91 million for the quarter, compared to analyst estimates of $187.77 million. Quaker Chemical Corp. had a net margin of 7.28% and a return on equity of 15.21%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.15 EPS. On average, equities analysts expect that Quaker Chemical Corp. will post $4.55 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 17th will be issued 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 payout ratio is currently 34.07%.
A number of brokerages recently weighed in on KWR. Jefferies Group restated a “hold” rating on shares of Quaker Chemical Corp. in a report on Sunday, July 17th. Zacks Investment Research cut shares of Quaker Chemical Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th.
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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