Quaker Chemical Corp (KWR) : Eagle Asset Management Inc reduced its stake in Quaker Chemical Corp by 1.75% during the most recent quarter end. The investment management company now holds a total of 1,149,100 shares of Quaker Chemical Corp which is valued at $119,839,639 after selling 20,420 shares in Quaker Chemical Corp , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Quaker Chemical Corp makes up approximately 0.83% of Eagle Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in KWR by selling 100 shares or 2.27% in the most recent quarter. The Hedge Fund company now holds 4,313 shares of KWR which is valued at $449,803. Quaker Chemical Corp makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Cutler Group Lp reduced its stake in KWR by selling 137 shares or 74.86% in the most recent quarter. The Hedge Fund company now holds 46 shares of KWR which is valued at $4,853.First Mercantile Trust Co reduced its stake in KWR by selling 100 shares or 7.09% in the most recent quarter. The Hedge Fund company now holds 1,310 shares of KWR which is valued at $135,087. Quaker Chemical Corp makes up approx 0.02% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in KWR by selling 2,136 shares or 47.53% in the most recent quarter. The Hedge Fund company now holds 2,358 shares of KWR which is valued at $247,024.
Quaker Chemical Corp closed down -1.21 points or -1.15% at $104.29 with 62,590 shares getting traded on Tuesday. Post opening the session at $104.91, the shares hit an intraday low of $103.68 and an intraday high of $105.59 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Quaker Chemical Corp reported $1.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.09. The company had revenue of $186.91 million for the quarter, compared to analysts expectations of $187.77 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.
Quaker Chemical Corporation is engaged in providing process fluids and chemical specialties to a range of industries including steel aluminum automotive mining aerospace tube and pipe cans and others. The Company develops produces and markets a range of formulated chemical specialty products. It offers chemical management services (CMS) for various heavy industrial and manufacturing applications. The Company operates through four segments: North America the Europe Middle East and Africa (EMEA) Asia/Pacific and South America. The Companys principal products and services include rolling lubricants corrosion preventives metal finishing compounds machining and grinding compounds forming compounds bio-lubricants hydraulic fluids chemical milling maskants construction products specialty greases die casting lubricants and programs to provide chemical management services.