Quaker Chemical Co. (NYSE:KWR) Holdings Boosted by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in Quaker Chemical Co. (NYSE:KWR) by 143.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,934 shares of the specialty chemicals company’s stock after acquiring an additional 8,799 shares during the period. Quantbot Technologies LP’s holdings in Quaker Chemical were worth $2,102,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Cerity Partners LLC increased its stake in shares of Quaker Chemical by 485.5% in the third quarter. Cerity Partners LLC now owns 64,631 shares of the specialty chemicals company’s stock valued at $10,890,000 after purchasing an additional 53,592 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Quaker Chemical by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 636,739 shares of the specialty chemicals company’s stock valued at $107,284,000 after purchasing an additional 90,726 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of Quaker Chemical in the fourth quarter valued at approximately $211,000. Charles Schwab Investment Management Inc. increased its stake in shares of Quaker Chemical by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 162,401 shares of the specialty chemicals company’s stock valued at $27,363,000 after purchasing an additional 3,951 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Quaker Chemical by 26.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 394,708 shares of the specialty chemicals company’s stock valued at $53,680,000 after purchasing an additional 82,843 shares during the period. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Chemical Price Performance

NYSE KWR opened at $129.15 on Monday. Quaker Chemical Co. has a 12 month low of $124.66 and a 12 month high of $207.83. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The firm has a market capitalization of $2.28 billion, a PE ratio of 18.94, a P/E/G ratio of 1.62 and a beta of 1.43. The company’s 50 day simple moving average is $136.96 and its 200 day simple moving average is $149.95.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.29). The business had revenue of $444.09 million during the quarter, compared to analyst estimates of $430.47 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. During the same quarter last year, the firm posted $1.78 EPS. As a group, equities research analysts forecast that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.

Quaker Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.485 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 annualized dividend and a yield of 1.50%. Quaker Chemical’s dividend payout ratio (DPR) is 29.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Piper Sandler restated a “neutral” rating and issued a $170.00 price target (down previously from $200.00) on shares of Quaker Chemical in a research note on Tuesday, January 7th. StockNews.com lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada lowered their price objective on shares of Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th.

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.