Quaker Chemical Co. (NYSE:KWR) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its holdings in Quaker Chemical Co. (NYSE:KWR) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,871 shares of the specialty chemicals company’s stock after selling 262 shares during the period. State of Alaska Department of Revenue’s holdings in Quaker Chemical were worth $1,326,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its holdings in Quaker Chemical by 337.0% in the second 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 last quarter. Marshall Wace LLP boosted its stake 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 worth $23,459,000 after buying an additional 131,891 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Quaker Chemical by 1,080.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 82,600 shares of the specialty chemicals company’s stock worth $16,954,000 after acquiring an additional 75,600 shares during the period. Dimensional Fund Advisors LP raised its position in Quaker Chemical by 14.8% during the second quarter. Dimensional Fund Advisors LP now owns 359,617 shares of the specialty chemicals company’s stock valued at $61,027,000 after acquiring an additional 46,240 shares in the last quarter. Finally, F M Investments LLC acquired a new position in Quaker Chemical in the second quarter valued at approximately $5,189,000. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Chemical Trading Up 6.3 %

Shares of KWR stock opened at $161.09 on Monday. Quaker Chemical Co. has a 1-year low of $142.81 and a 1-year high of $221.94. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.81 and a beta of 1.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.63 and a quick ratio of 1.94. The stock has a 50 day simple moving average of $162.87 and a 200-day simple moving average of $172.16.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). Quaker Chemical had a return on equity of 10.20% and a net margin of 6.58%. The company had revenue of $462.27 million for the quarter, compared to analyst estimates of $469.17 million. During the same quarter in the prior year, the company posted $2.05 earnings per share. The business’s revenue was down 5.8% on a year-over-year basis. On average, equities research analysts expect that Quaker Chemical Co. will post 8.18 EPS for the current fiscal year.

Analyst Ratings Changes

KWR has been the topic of a number of analyst reports. Royal Bank of Canada dropped their price objective on shares of Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Quaker Chemical from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, August 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.