Citigroup Inc. Has $6.27 Million Stock Position in Quaker Chemical Co. (NYSE:KWR)

Citigroup Inc. increased its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 4.1% during the third quarter, Holdings Channel reports. The fund owned 37,229 shares of the specialty chemicals company’s stock after acquiring an additional 1,472 shares during the quarter. Citigroup Inc.’s holdings in Quaker Chemical were worth $6,273,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Fifth Third Bancorp raised its holdings in Quaker Chemical by 36.8% in the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock valued at $49,000 after acquiring an additional 77 shares in the last quarter. GAMMA Investing LLC lifted its position in Quaker Chemical by 105.3% during the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 80 shares during the period. Louisiana State Employees Retirement System grew its stake in Quaker Chemical by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the specialty chemicals company’s stock worth $1,188,000 after buying an additional 100 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Quaker Chemical by 6.6% in the 2nd quarter. Mackenzie Financial Corp now owns 1,778 shares of the specialty chemicals company’s stock valued at $302,000 after buying an additional 110 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of Quaker Chemical by 1.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 13,001 shares of the specialty chemicals company’s stock valued at $2,191,000 after buying an additional 123 shares in the last quarter. Institutional investors own 77.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Piper Sandler boosted their price target on Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a report on Monday, November 4th. StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Royal Bank of Canada dropped their price target on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, November 4th.

Insiders Place Their Bets

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

Quaker Chemical Stock Performance

NYSE:KWR opened at $157.70 on Monday. The company has a market capitalization of $2.81 billion, a PE ratio of 23.12, a P/E/G ratio of 1.90 and a beta of 1.38. Quaker Chemical Co. has a fifty-two week low of $151.31 and a fifty-two week high of $221.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The company has a 50 day simple moving average of $162.85 and a two-hundred day simple moving average of $168.99.

Quaker Chemical (NYSE:KWR) last announced 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). The business had revenue of $462.27 million for the quarter, compared to the consensus estimate of $469.17 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.05 EPS. Research analysts anticipate that Quaker Chemical Co. will post 7.78 earnings per share for the current year.

Quaker Chemical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Friday, January 17th. Quaker Chemical’s dividend payout ratio is presently 28.45%.

Quaker Chemical 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.