Point72 Asia Singapore Pte. Ltd. Has $77,000 Position in Quaker Chemical Co. (NYSE:KWR)

Point72 Asia Singapore Pte. Ltd. trimmed its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 67.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 453 shares of the specialty chemicals company’s stock after selling 949 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Quaker Chemical were worth $77,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fidelis Capital Partners LLC acquired a new position in Quaker Chemical during the first quarter valued at approximately $25,000. First Pacific Financial acquired a new stake in shares of Quaker Chemical in the 2nd quarter valued at approximately $25,000. Mather Group LLC. bought a new position in shares of Quaker Chemical in the first quarter valued at $41,000. Fifth Third Bancorp increased its stake in shares of 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 purchasing an additional 77 shares during the last quarter. Finally, TFO Wealth Partners LLC raised its holdings in shares of Quaker Chemical by 20,700.0% in the 4th quarter. TFO Wealth Partners LLC now owns 416 shares of the specialty chemicals company’s stock valued at $89,000 after purchasing an additional 414 shares during the period. Institutional investors own 77.46% of the company’s stock.

Quaker Chemical Trading Up 1.6 %

Shares of NYSE:KWR opened at $171.52 on Monday. Quaker Chemical Co. has a 12-month low of $138.67 and a 12-month high of $221.94. The business has a 50 day moving average of $167.32 and a 200-day moving average of $178.97. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.50. The stock has a market cap of $3.09 billion, a PE ratio of 26.11, a P/E/G ratio of 1.90 and a beta of 1.37.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings data on Monday, August 5th. The specialty chemicals company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.08). Quaker Chemical had a net margin of 6.56% and a return on equity of 10.49%. The firm had revenue of $463.57 million during the quarter, compared to analyst estimates of $493.68 million. During the same period in the prior year, the company earned $1.93 earnings per share. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. As a group, equities research analysts forecast that Quaker Chemical Co. will post 8.3 earnings per share for the current year.

Quaker Chemical Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 1.13%. This is a positive change from Quaker Chemical’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, October 17th. Quaker Chemical’s dividend payout ratio (DPR) is currently 27.70%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on KWR shares. Royal Bank of Canada reduced their price target on Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price target on Quaker Chemical from $225.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, August 26th. Finally, StockNews.com downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

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.