Amalgamated Bank Sells 136 Shares of Quaker Chemical Co. (NYSE:KWR)

Amalgamated Bank lowered its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 3.1% in the second quarter, HoldingsChannel reports. The firm owned 4,238 shares of the specialty chemicals company’s stock after selling 136 shares during the period. Amalgamated Bank’s holdings in Quaker Chemical were worth $719,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of KWR. Norges Bank bought a new position in Quaker Chemical during the fourth quarter worth about $29,226,000. Orion Portfolio Solutions LLC grew its holdings in Quaker Chemical by 19.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 8,979 shares of the specialty chemicals company’s stock worth $1,796,000 after purchasing an additional 1,446 shares during the period. TFO Wealth Partners LLC grew its holdings in Quaker Chemical by 20,700.0% during the fourth quarter. TFO Wealth Partners LLC now owns 416 shares of the specialty chemicals company’s stock worth $89,000 after purchasing an additional 414 shares during the period. Capstone Investment Advisors LLC grew its holdings in Quaker Chemical by 25.9% during the fourth quarter. Capstone Investment Advisors LLC now owns 2,354 shares of the specialty chemicals company’s stock worth $502,000 after purchasing an additional 484 shares during the period. Finally, Eagle Asset Management Inc. grew its holdings in Quaker Chemical by 3.0% during the fourth quarter. Eagle Asset Management Inc. now owns 264,387 shares of the specialty chemicals company’s stock worth $56,425,000 after purchasing an additional 7,586 shares during the period. Institutional investors own 77.46% of the company’s stock.

Quaker Chemical Trading Up 1.6 %

Shares of NYSE:KWR opened at $171.52 on Friday. 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 Co. has a 12-month low of $138.67 and a 12-month high of $221.94. The business has a 50 day moving average of $167.32 and a 200-day moving average of $179.14. The stock has a market cap of $3.09 billion, a PE ratio of 26.11, a P/E/G ratio of 1.90 and a beta of 1.37.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings results on Monday, August 5th. The specialty chemicals company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the firm posted $1.93 earnings per share. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. As a group, equities research analysts forecast that Quaker Chemical Co. will post 8.3 earnings per share for the current year.

Quaker Chemical Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.13%. This is an increase from Quaker Chemical’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, October 17th. Quaker Chemical’s payout ratio is presently 27.70%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Quaker Chemical from $225.00 to $190.00 and set a “buy” rating for the company in a report on Monday, August 26th. Finally, Royal Bank of Canada reduced their price objective on Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating for the company in a report on Thursday, August 8th.

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.