KBC Group NV Raises Stock Position in Quaker Chemical Co. (NYSE:KWR)

KBC Group NV boosted its position in shares of Quaker Chemical Co. (NYSE:KWR) by 50.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 525 shares of the specialty chemicals company’s stock after acquiring an additional 177 shares during the period. KBC Group NV’s holdings in Quaker Chemical were worth $88,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of KWR. Harbor Capital Advisors Inc. grew its stake in Quaker Chemical by 112.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,903 shares of the specialty chemicals company’s stock worth $1,500,000 after buying an additional 4,720 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of Quaker Chemical by 46.3% during the first quarter. 1832 Asset Management L.P. now owns 32,570 shares of the specialty chemicals company’s stock worth $6,685,000 after acquiring an additional 10,310 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Quaker Chemical by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company’s stock valued at $22,193,000 after acquiring an additional 3,441 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Quaker Chemical by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company’s stock valued at $329,942,000 after purchasing an additional 8,484 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in Quaker Chemical by 68.3% in the 2nd quarter. ProShare Advisors LLC now owns 67,812 shares of the specialty chemicals company’s stock worth $11,508,000 after purchasing an additional 27,514 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Quaker Chemical Price Performance

NYSE:KWR opened at $165.19 on Friday. The firm’s fifty day moving average is $163.89 and its two-hundred day moving average is $170.25. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 1.97 and a beta of 1.38. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. Quaker Chemical Co. has a one year low of $151.31 and a one year high of $221.94.

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 analyst estimates of $469.17 million. During the same period last year, the business earned $2.05 earnings per share. The firm’s revenue was down 5.8% on a year-over-year basis. Research analysts expect that Quaker Chemical Co. will post 7.78 EPS for the current 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 given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.94 annualized dividend and a yield of 1.17%. Quaker Chemical’s dividend payout ratio is presently 28.45%.

Analysts Set New Price Targets

KWR has been the subject of a number of research analyst reports. Piper Sandler raised their price target on shares of Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Royal Bank of Canada dropped their price target on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, StockNews.com downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

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.