Public Sector Pension Investment Board Sells 1,200 Shares of Quaker Chemical Co. (NYSE:KWR)

Public Sector Pension Investment Board trimmed its position in shares of Quaker Chemical Co. (NYSE:KWR) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,246 shares of the specialty chemicals company’s stock after selling 1,200 shares during the period. Public Sector Pension Investment Board owned approximately 0.16% of Quaker Chemical worth $4,928,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KWR. Allspring Global Investments Holdings LLC boosted its stake in Quaker Chemical by 337.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 224,008 shares of the specialty chemicals company’s stock valued at $38,014,000 after purchasing an additional 172,750 shares during the period. Marshall Wace LLP boosted its position in shares of Quaker Chemical by 2,077.7% in the second quarter. Marshall Wace LLP now owns 138,239 shares of the specialty chemicals company’s stock valued at $23,459,000 after acquiring an additional 131,891 shares during the period. WCM Investment Management LLC bought a new stake in shares of Quaker Chemical in the third quarter valued at approximately $9,288,000. Cerity Partners LLC increased its position in Quaker Chemical by 485.5% during the third quarter. Cerity Partners LLC now owns 64,631 shares of the specialty chemicals company’s stock worth $10,890,000 after acquiring an additional 53,592 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Quaker Chemical by 14.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 359,617 shares of the specialty chemicals company’s stock valued at $61,027,000 after purchasing an additional 46,240 shares during the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.

Quaker Chemical Stock Performance

NYSE:KWR opened at $157.70 on Monday. The firm has a market capitalization of $2.81 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. Quaker Chemical Co. has a 12-month low of $151.31 and a 12-month high of $221.94. The firm has a 50-day moving average price of $162.85 and a 200 day moving average price of $168.99.

Quaker Chemical (NYSE:KWR) last posted its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.19). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The company had revenue of $462.27 million for the quarter, compared to the consensus estimate of $469.17 million. During the same quarter last year, the business earned $2.05 EPS. Quaker Chemical’s quarterly revenue was down 5.8% compared to the same quarter last year. Research analysts anticipate that Quaker Chemical Co. will post 7.78 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 1.23%. The ex-dividend date is Friday, January 17th. Quaker Chemical’s dividend payout ratio is currently 28.45%.

Insider Buying and Selling at Quaker Chemical

In other news, SVP David Slinkman sold 1,700 shares of Quaker Chemical stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $167.80, for a total value of $285,260.00. Following the completion of the transaction, the senior vice president now owns 2,825 shares in the company, valued at approximately $474,035. The trade was a 37.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jeewat Bijlani sold 645 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $165.98, for a total value of $107,057.10. Following the sale, the executive vice president now owns 4,747 shares in the company, valued at approximately $787,907.06. This trade represents a 11.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on KWR shares. Royal Bank of Canada decreased their price target on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. StockNews.com upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday. Piper Sandler raised their price objective on Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Monday, November 4th.

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.