Quaker Chemical Co. (NYSE:KWR) Shares Sold by nVerses Capital LLC

nVerses Capital LLC lessened its stake in shares of Quaker Chemical Co. (NYSE:KWR) by 12.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 700 shares of the specialty chemicals company’s stock after selling 100 shares during the period. nVerses Capital LLC’s holdings in Quaker Chemical were worth $118,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Fidelis Capital Partners LLC purchased a new stake in Quaker Chemical during the 1st quarter valued at about $25,000. First Pacific Financial purchased a new stake in shares of Quaker Chemical in the 2nd quarter valued at approximately $25,000. GAMMA Investing LLC grew its stake in shares of Quaker Chemical by 105.3% in the 3rd quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 80 shares during the period. Mather Group LLC. purchased a new stake in shares of Quaker Chemical in the 1st quarter valued at approximately $41,000. Finally, Fifth Third Bancorp grew its stake 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. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Wall Street Analysts Forecast Growth

KWR has been the subject of several analyst reports. StockNews.com cut shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Royal Bank of Canada lowered their price objective on shares of Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Quaker Chemical from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, August 26th.

Quaker Chemical Stock Performance

NYSE:KWR opened at $162.23 on Monday. 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 stock has a market capitalization of $2.92 billion, a P/E ratio of 23.58, a PEG ratio of 1.86 and a beta of 1.37. The company has a 50 day moving average price of $164.20 and a 200 day moving average price of $174.98. Quaker Chemical Co. has a fifty-two week low of $138.67 and a fifty-two week high of $221.94.

Quaker Chemical (NYSE:KWR) last released its earnings results on Monday, August 5th. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.08). The business had revenue of $463.57 million for the quarter, compared to analyst estimates of $493.68 million. Quaker Chemical had a return on equity of 10.49% and a net margin of 6.56%. Quaker Chemical’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.93 earnings per share. Equities research analysts forecast 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 boost from Quaker Chemical’s previous quarterly dividend of $0.46. This represents a $1.94 dividend on an annualized basis and a yield of 1.20%. Quaker Chemical’s dividend payout ratio (DPR) is currently 26.45%.

Quaker Chemical Company 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.