Oppenheimer Asset Management Inc. Acquires 948 Shares of Quaker Chemical Co. (NYSE:KWR)

Oppenheimer Asset Management Inc. increased its stake in shares of Quaker Chemical Co. (NYSE:KWR) by 18.6% during the second quarter, HoldingsChannel reports. The fund owned 6,032 shares of the specialty chemicals company’s stock after acquiring an additional 948 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Quaker Chemical were worth $1,024,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Fidelis Capital Partners LLC bought a new position in shares of Quaker Chemical during the 1st quarter worth about $25,000. First Pacific Financial bought a new position in Quaker Chemical during the second quarter valued at about $25,000. Mather Group LLC. acquired a new position in Quaker Chemical in the 1st quarter valued at approximately $41,000. Fifth Third Bancorp lifted its position 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 worth $49,000 after acquiring an additional 77 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of Quaker Chemical during the 4th quarter worth approximately $83,000. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Quaker Chemical Price Performance

Quaker Chemical stock opened at $172.36 on Friday. The business has a 50 day simple moving average of $169.31 and a 200 day simple moving average of $180.59. Quaker Chemical Co. has a one year low of $138.67 and a one year high of $221.94. The company has a market capitalization of $3.10 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 1.85 and a beta of 1.37. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.63 and a quick ratio of 1.94.

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

Quaker Chemical Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a dividend of $0.485 per share. This is a positive change from Quaker Chemical’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $1.94 annualized dividend and a dividend yield of 1.13%. Quaker Chemical’s dividend payout ratio (DPR) is presently 29.53%.

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.