QUAKER CHEMICAL CORP (NYSE:KWR) Executive Vice President and Chief Human Resources Officer Melissa Leneis has sold a total of $388,688 worth of company stock, according to a recent SEC filing. The transactions, which took place on May 17, 2024, were executed at prices ranging from $192.2188 to $194.195.
The filing indicated that Leneis disposed of 400 shares at a price of $194.195, and another 1,618 shares at a weighted average price of $192.2188. The latter transaction's price range varied from $191.9907 to $192.35, as detailed in the footnotes of the filing. Following these sales, Leneis still owns 2,609 shares of QUAKER CHEMICAL CORP stock.
In addition to the sales, the SEC filing revealed that Leneis also acquired 1,618 shares of QUAKER CHEMICAL CORP common stock through the exercise of options at a set price of $142.38, totaling $230,370. The options vested in three annual installments, with the final tranche due on March 16, 2025.
These financial moves come as part of the routine disclosures that executives make regarding their transactions in company stock. The recent activity provides investors with insight into the trading behavior of QUAKER CHEMICAL CORP's high-level executives.
InvestingPro Insights
Amidst the recent transactions by QUAKER CHEMICAL CORP (NYSE:KWR) executive Melissa Leneis, investors might be interested in how the company's stock is performing and what the outlook appears to be. According to InvestingPro data, QUAKER CHEMICAL CORP has a market capitalization of approximately $3.51 billion, with a P/E ratio of 29.44. Adjusting for the last twelve months as of Q1 2024, the P/E ratio slightly decreases to 28.1. Despite a slight decline in revenue growth of -2.37% during the same period, the company maintains a healthy gross profit margin of 37.12%.
From an investment standpoint, one of the key InvestingPro Tips suggests that QUAKER CHEMICAL CORP has a solid track record of returning value to shareholders, having raised its dividend for 16 consecutive years. Additionally, the company's stock generally trades with low price volatility, which might appeal to investors seeking stability in their portfolio. However, it's noteworthy that three analysts have revised their earnings expectations downwards for the upcoming period, which could be a factor to consider when evaluating future performance.
For those looking to delve deeper into QUAKER CHEMICAL CORP's financials and stock performance, InvestingPro offers more insights and tips. There are additional tips available on the platform that can guide investors in making more informed decisions. To access these insights and tips, use the coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription. This could be an opportune moment to gain a comprehensive understanding of the company's financial health and future prospects.
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