Quaker Chemical Co. (NYSE:KWR) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC boosted its stake in Quaker Chemical Co. (NYSE:KWR) by 68.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,812 shares of the specialty chemicals company’s stock after buying an additional 27,514 shares during the period. ProShare Advisors LLC owned 0.38% of Quaker Chemical worth $11,508,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KWR. Fidelis Capital Partners LLC purchased a new stake in Quaker Chemical in the 1st quarter worth approximately $25,000. First Pacific Financial bought a new position in shares of Quaker Chemical in the 2nd quarter valued at about $25,000. Mather Group LLC. bought a new position in Quaker Chemical during the first quarter worth about $41,000. Fifth Third Bancorp grew its holdings in shares of Quaker Chemical by 36.8% in the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock valued at $49,000 after buying an additional 77 shares during the period. Finally, Quest Partners LLC bought a new position in shares of Quaker Chemical during the 4th quarter valued at about $83,000. 77.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on KWR. StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their price target 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, Royal Bank of Canada reduced their target price on shares of Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th.

Quaker Chemical Stock Down 0.7 %

Quaker Chemical stock opened at $164.51 on Tuesday. Quaker Chemical Co. has a twelve month low of $138.67 and a twelve month high of $221.94. The firm has a 50 day moving average price of $168.83 and a 200-day moving average price of $179.89. The company has a market capitalization of $2.96 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.90 and a beta of 1.37. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.50.

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

Quaker Chemical Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a $0.485 dividend. The ex-dividend date is Thursday, October 17th. This represents a $1.94 annualized dividend and a yield of 1.18%. This is a boost from Quaker Chemical’s previous quarterly dividend of $0.46. Quaker Chemical’s dividend payout ratio (DPR) is 29.53%.

About Quaker Chemical

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.