The intricacies of financial investments and the stock market can leave even the most astute individuals feeling perplexed. Nevertheless, it is important to stay informed on market trends and happenings. One recent development involves Group One Trading L.P., which has purchased a new stake in Quaker Chemical Co. (NYSE:KWR), according to the company’s latest filing with the Securities & Exchange Commission.
The fund reportedly acquired 1,273 shares of the specialty chemicals company at a value of approximately $212,000 during the fourth quarter. This news comes on the heels of the most recent earnings report from Quaker Chemical, which was released on May 5th. The company exceeded analyst estimates by posting an earnings per share (EPS) of $1.89 for the quarter – surpassing predictions by $0.54.
Despite posting positive quarterly results, Quaker Chemical still faces its fair share of scrutiny from insiders and analysts alike. Deutsche Bank Aktiengesellschaft recently raised their price target for KWR from $220.00 to $235.00; Royal Bank of Canada similarly lifted their target price on Quaker Chemical from $203.00 to $227.00.
However, other analyst groups such as StockNews.com have issued more tepid recommendations for potential investors in Quaker Chemical – designating it as a “hold” rating at present time.
As we continue through this fiscal year, research analysts predict that Quaker Chemical will post an EPS of 7.48 – indicating a strong performance for the company in spite of challenges and fluctuations in the larger stock market landscape.
For those keenly interested in financial investing and keeping tabs on movements within individual companies like Quaker Chemical Co., staying up-to-date with major announcements and developments is crucial for making informed decisions about where to allocate funds in today’s challenging business climate.
Quaker Chemical Co. Sees Increased Investment from Institutional Investors and Hedge Funds
Quaker Chemical Co., a specialty chemicals company, has recently seen an increase in investment from various institutional investors and hedge funds. BlackRock Inc., for example, grew its stake in the company by 5.7%, owning over 2 million shares of Quaker Chemical’s stock alone. Price T Rowe Associates Inc. MD also grew its stake by 7.4%.
Even Eaton Vance Management got on board with a growth of 28.9% during the first quarter, while Citigroup Inc experienced an astounding increase of 124.6%. Finally, Copeland Capital Management LLC finished off the list with a boost of 15.2% during the fourth quarter.
Interestingly though, these institutions only own around 80.91% of Quaker Chemical’s stock, as per recent reports which could lead to speculation about further investments in this profitable and relatively stable company.
As for Quaker Chemical itself, it has recently announced a quarterly dividend which represents a $1.74 annualized basis and yields at 0.90%. Several brokerages have weighed in with mixed reviews concerning the chemical company’s performance, but Royal Bank of Canada are bullish about their price target, lifting it from $203 to $227.
In terms of recent activity from insiders however, Michael F Barry sold 200 shares at $200 each for a total transaction value of $40k (he later sold more), while Jeffry D Frisby sold over three thousand shares for over $728K.
Overall though, investors appear to view Quaker Chemical as a sound option in the chemical industry – especially due to steady increases in stake by respected institutions like BlackRock.
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