EP Wealth Advisors LLC Makes New Investment in Quaker Chemical Co. (NYSE:KWR)

EP Wealth Advisors LLC purchased a new stake in Quaker Chemical Co. (NYSE:KWR) during the third quarter, Holdings Channel reports. The firm purchased 1,417 shares of the specialty chemicals company’s stock, valued at approximately $239,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Pacific Financial acquired a new stake in Quaker Chemical in the second quarter valued at approximately $25,000. GAMMA Investing LLC boosted its position in shares of Quaker Chemical by 105.3% in the 3rd quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 80 shares in the last quarter. Fifth Third Bancorp grew its stake in Quaker Chemical by 36.8% during the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 77 shares during the last quarter. KBC Group NV increased its position in Quaker Chemical by 50.9% during the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock valued at $88,000 after buying an additional 177 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in Quaker Chemical in the second quarter valued at about $136,000. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Insider Activity at Quaker Chemical

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

Quaker Chemical Stock Performance

KWR opened at $152.73 on Friday. The firm has a 50 day moving average of $160.81 and a two-hundred day moving average of $166.70. The firm has a market capitalization of $2.72 billion, a PE ratio of 22.39, a P/E/G ratio of 1.85 and a beta of 1.38. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. Quaker Chemical Co. has a 12-month low of $149.74 and a 12-month high of $221.94.

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

Quaker Chemical Dividend Announcement

The business also recently announced 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 1.27%. The ex-dividend date is Friday, January 17th. Quaker Chemical’s dividend payout ratio (DPR) is 28.45%.

Analyst Upgrades and Downgrades

KWR has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Royal Bank of Canada decreased their price target on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, November 4th. StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Finally, Piper Sandler raised their target price on Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th.

About Quaker Chemical

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.