Victory Capital Management Inc. Raises Stock Holdings in Quaker Chemical Co. (NYSE:KWR)

Victory Capital Management Inc. boosted its holdings in Quaker Chemical Co. (NYSE:KWR) by 5.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,332 shares of the specialty chemicals company’s stock after purchasing an additional 259 shares during the period. Victory Capital Management Inc.’s holdings in Quaker Chemical were worth $898,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its holdings in Quaker Chemical by 112.8% in the third quarter. Harbor Capital Advisors Inc. now owns 8,903 shares of the specialty chemicals company’s stock valued at $1,500,000 after purchasing an additional 4,720 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Quaker Chemical by 3.3% in 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 purchasing an additional 3,441 shares during the last quarter. ProShare Advisors LLC raised its stake in Quaker Chemical by 68.3% during the second quarter. ProShare Advisors LLC now owns 67,812 shares of the specialty chemicals company’s stock valued at $11,508,000 after buying an additional 27,514 shares in the last quarter. Renaissance Technologies LLC raised its stake in Quaker Chemical by 37.4% during the second quarter. Renaissance Technologies LLC now owns 21,300 shares of the specialty chemicals company’s stock valued at $3,615,000 after buying an additional 5,800 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Quaker Chemical during the second quarter valued at approximately $599,000. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Quaker Chemical Stock Down 1.2 %

Shares of Quaker Chemical stock opened at $155.94 on Thursday. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The business’s 50 day simple moving average is $163.60 and its 200-day simple moving average is $169.47. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.96 and a beta of 1.38. Quaker Chemical Co. has a twelve month low of $151.31 and a twelve month high of $221.94.

Quaker Chemical (NYSE:KWR) last announced its quarterly earnings results 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). The company had revenue of $462.27 million for the quarter, compared to analyst estimates of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 earnings per share. Equities research analysts forecast that Quaker Chemical Co. will post 7.78 earnings per share for the current year.

Quaker Chemical Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, January 17th. Quaker Chemical’s payout ratio is 28.45%.

Wall Street Analysts Forecast Growth

KWR has been the topic of several research reports. Piper Sandler upped their price objective on Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Royal Bank of Canada cut their price objective 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 research note on Monday, November 4th. Finally, StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

Insider Transactions at Quaker Chemical

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

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.