Comerica Bank Grows Stock Holdings in Quaker Chemical Co. (NYSE:KWR)

Comerica Bank lifted its stake in Quaker Chemical Co. (NYSE:KWRGet Rating) by 0.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,056 shares of the specialty chemicals company’s stock after purchasing an additional 74 shares during the period. Comerica Bank’s holdings in Quaker Chemical were worth $2,206,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KWR. Allspring Global Investments Holdings LLC purchased a new position in Quaker Chemical in the fourth quarter valued at $22,779,000. Brown Advisory Inc. boosted its holdings in Quaker Chemical by 7.7% in the fourth quarter. Brown Advisory Inc. now owns 499,735 shares of the specialty chemicals company’s stock valued at $115,329,000 after purchasing an additional 35,638 shares during the period. Kennedy Capital Management Inc. purchased a new position in Quaker Chemical in the fourth quarter valued at $5,194,000. State Street Corp boosted its holdings in Quaker Chemical by 4.6% in the fourth quarter. State Street Corp now owns 436,448 shares of the specialty chemicals company’s stock valued at $100,723,000 after purchasing an additional 19,222 shares during the period. Finally, Yousif Capital Management LLC purchased a new position in Quaker Chemical in the fourth quarter valued at $2,824,000. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Quaker Chemical Stock Down 1.6 %

Quaker Chemical stock opened at $146.22 on Friday. Quaker Chemical Co. has a 1-year low of $129.79 and a 1-year high of $276.60. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.18 and a quick ratio of 1.52. The stock has a market cap of $2.62 billion, a PE ratio of 25.52 and a beta of 1.35. The stock’s fifty day moving average is $145.75 and its two-hundred day moving average is $171.89.

Quaker Chemical (NYSE:KWRGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The specialty chemicals company reported $1.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.42. Quaker Chemical had a return on equity of 7.97% and a net margin of 5.68%. The company had revenue of $474.20 million for the quarter, compared to analysts’ expectations of $471.81 million. During the same period last year, the firm earned $2.11 earnings per share. Quaker Chemical’s quarterly revenue was up 10.3% on a year-over-year basis. On average, sell-side analysts expect that Quaker Chemical Co. will post 6.08 EPS for the current fiscal year.

Quaker Chemical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 15th will be given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, July 14th. Quaker Chemical’s dividend payout ratio (DPR) is currently 28.97%.

Analyst Ratings Changes

KWR has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft decreased their target price on Quaker Chemical from $225.00 to $175.00 in a report on Monday, May 16th. StockNews.com assumed coverage on Quaker Chemical in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

About Quaker Chemical

(Get Rating)

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications. The company operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses.

Further Reading

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Institutional Ownership by Quarter for Quaker Chemical (NYSE:KWR)

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