King Luther Capital Management Corp Sells 175 Shares of Quaker Chemical Co. (NYSE:KWR)

King Luther Capital Management Corp lessened its holdings in Quaker Chemical Co. (NYSE:KWR) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,342 shares of the specialty chemicals company’s stock after selling 175 shares during the period. King Luther Capital Management Corp owned about 0.12% of Quaker Chemical worth $3,791,000 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 the business. Fidelis Capital Partners LLC acquired a new stake in shares of Quaker Chemical during the first quarter valued at about $25,000. First Pacific Financial acquired a new stake in shares of Quaker Chemical during the second quarter valued at about $25,000. Mather Group LLC. acquired a new stake in shares of Quaker Chemical during the first quarter valued at about $41,000. Fifth Third Bancorp boosted its stake in shares of Quaker Chemical by 36.8% during the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock valued at $49,000 after purchasing an additional 77 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Quaker Chemical during the fourth quarter valued at about $83,000. Institutional investors own 77.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on KWR. Royal Bank of Canada cut their price objective on Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their price objective on Quaker Chemical from $225.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, August 26th. Finally, StockNews.com lowered Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.

Quaker Chemical Price Performance

Shares of KWR opened at $165.69 on Friday. Quaker Chemical Co. has a 52-week low of $138.67 and a 52-week high of $221.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.94 and a current ratio of 2.63. The business’s 50 day moving average price is $169.12 and its two-hundred day moving average price is $180.26. The firm has a market cap of $2.98 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Monday, August 5th. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.08). Quaker Chemical had a net margin of 6.56% and a return on equity of 10.49%. The business had revenue of $463.57 million during the quarter, compared to analyst estimates of $493.68 million. During the same period last year, the firm posted $1.93 earnings per share. Quaker Chemical’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, equities analysts anticipate that Quaker Chemical Co. will post 8.3 EPS for the current year.

Quaker Chemical Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a $0.485 dividend. The ex-dividend date is Thursday, October 17th. This is a positive change from Quaker Chemical’s previous quarterly dividend of $0.46. This represents a $1.94 annualized dividend and a yield of 1.17%. Quaker Chemical’s payout ratio is 27.70%.

Quaker Chemical Profile

Quaker Chemical Corporation, together with its subsidiaries, develops, produces, and markets various formulated specialty chemical products for a range of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die-cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.