Quaker Chemical Co. (NYSE:KWR) Short Interest Down 15.4% in July

Quaker Chemical Co. (NYSE:KWRGet Rating) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 1,590,000 shares, a drop of 15.4% from the July 15th total of 1,880,000 shares. Based on an average trading volume of 84,800 shares, the short-interest ratio is currently 18.8 days. Approximately 11.6% of the shares of the company are short sold.

Quaker Chemical Price Performance

Shares of KWR traded up $1.78 during midday trading on Tuesday, reaching $198.63. The stock had a trading volume of 66,141 shares, compared to its average volume of 74,766. The company’s 50-day moving average is $153.31 and its 200 day moving average is $166.49. Quaker Chemical has a 12-month low of $129.79 and a 12-month high of $276.60. The company has a current ratio of 2.61, a quick ratio of 1.83 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 42.72 and a beta of 1.34.

Quaker Chemical (NYSE:KWRGet Rating) last issued its earnings results on Thursday, August 4th. The specialty chemicals company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.24. The company had revenue of $492.40 million during the quarter, compared to analysts’ expectations of $456.00 million. Quaker Chemical had a return on equity of 7.39% and a net margin of 4.47%. Quaker Chemical’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.82 EPS. On average, equities analysts predict that Quaker Chemical will post 5.92 EPS for the current fiscal year.

Quaker Chemical Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 17th will be given a dividend of $0.435 per share. This is a positive change from Quaker Chemical’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, October 14th. This represents a $1.74 dividend on an annualized basis and a yield of 0.88%. Quaker Chemical’s dividend payout ratio is presently 35.70%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KWR. Chatham Capital Group Inc. raised its position in shares of Quaker Chemical by 1.3% in the 1st quarter. Chatham Capital Group Inc. now owns 4,772 shares of the specialty chemicals company’s stock worth $825,000 after acquiring an additional 62 shares in the last quarter. Maryland State Retirement & Pension System raised its position in shares of Quaker Chemical by 1.2% in the 2nd quarter. Maryland State Retirement & Pension System now owns 5,444 shares of the specialty chemicals company’s stock worth $814,000 after acquiring an additional 62 shares in the last quarter. Inspire Investing LLC raised its position in shares of Quaker Chemical by 5.0% in the 2nd quarter. Inspire Investing LLC now owns 1,420 shares of the specialty chemicals company’s stock worth $212,000 after acquiring an additional 68 shares in the last quarter. US Bancorp DE grew its stake in shares of Quaker Chemical by 9.4% in the 2nd quarter. US Bancorp DE now owns 825 shares of the specialty chemicals company’s stock worth $124,000 after buying an additional 71 shares during the last quarter. Finally, Comerica Bank grew its stake in shares of Quaker Chemical by 0.6% in the 1st quarter. Comerica Bank now owns 13,056 shares of the specialty chemicals company’s stock worth $2,206,000 after buying an additional 74 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised their price target on Quaker Chemical from $175.00 to $210.00 in a report on Tuesday, August 9th.

About Quaker Chemical

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Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications. The company operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses.

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