Morgan Stanley Has $4.51 Million Stake in Quaker Chemical Corporation (KWR)

Xavier Trudeau
Août 12, 2017

KWR has been the topic of a number of recent research reports.

Several other analysts have also recently weighed in on KWR. Zacks Investment Research downgraded shares of Quaker Chemical Corporation from a "buy" rating to a "hold" rating in a research note on Tuesday, June 20th.

Quaker Chemical Corporation (NYSE:KWR) last announced its quarterly earnings results on Thursday, July 27th. Ameritas Investment Partners Inc. bought a new position in Quaker Chemical Corporation during the first quarter valued at approximately $147,000.

Shares of Quaker Chemical Corporation (NYSE:KWR) traded down 0.5857% on Friday, hitting $134.6965. Renaissance Technologies LLC now owns 142,000 shares worth $20,623,000. The firm has a market capitalization of $1.82 billion, a PE ratio of 34.72 and a beta of 1.22. Quaker Chemical Corporation has a 1-year low of $96.13 and a 1-year high of $154.38. The firm has a 50 day moving average price of $144.64 and a 200-day moving average price of $138.65. The dividend was $0.355 per share for the quarter or $1.42 annualized. Quaker Chemical Corp had 10 analyst reports since August 6, 2015 according to SRatingsIntel. The business's revenue was up 7.6% on a year-over-year basis. The specialty chemicals company reported $1.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.24. In the latest earnings report the EPS was $3.93 and is estimated to be $4.93 for the current year with 13,309,000 shares presently outstanding.

TRADEMARK VIOLATION WARNING: "Teachers Retirement System of The State of Kentucky Continues to Hold Stake in Quaker Chemical Corporation (NYSE:KWR)" was reported by Markets Daily and is the sole property of of Markets Daily. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of USA and worldwide copyright and trademark law. The legal version of this story can be viewed at https://weekherald.com/2017/08/10/quaker-chemical-corporation-nysekwr-stake-increased-by-legato-capital-management-llc-updated-updated.html.

In other Quaker Chemical Corporation news, Director Donald R. Caldwell sold 1,800 shares of the business's stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $138.60, for a total value of $138,600.00. Following the sale, the director now owns 9,210 shares in the company, valued at $1,276,506. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The stock's average target of $119.67 is -12.39% below today's ($136.6) share price. Following the sale, the director now directly owns 9,281 shares of the company's stock, valued at approximately $1,295,163.55. The disclosure for this sale can be found here. State of Alaska Department of Revenue now owns 1,470 shares of the specialty chemicals company's stock valued at $193,000 after buying an additional 40 shares during the period.

Institutional investors have recently made changes to their positions in the company. LS Investment Advisors LLC increased its position in Quaker Chemical Corporation by 54.2% in the first quarter. Municipal Employees Retirement System of MI now owns 3,030 shares of the specialty chemicals company's stock worth $399,000 after buying an additional 40 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of Quaker Chemical Corporation by 7.5% in the fourth quarter. Legato Capital Management LLC now owns 56,219 shares of the specialty chemicals company's stock valued at $427,000 after buying an additional 55,792 shares during the last quarter. Bank of Montreal Can now owns 2,213 shares of the specialty chemicals company's stock valued at $292,000 after buying an additional 178 shares in the last quarter. Cutler Group LP now owns 2,390 shares of the specialty chemicals company's stock worth $314,000 after buying an additional 34 shares in the last quarter. Finally, Great West Life Assurance Co. Miles Capital Inc. now owns 1,843 shares of the specialty chemicals company's stock valued at $243,000 after buying an additional 32 shares during the last quarter. Corporate insiders own 3.60% of the company's stock.

Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others.

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