Quaker Chemical Co. (NYSE:KWR) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,784 shares of the specialty chemicals company’s stock after buying an additional 3,118 shares during the period. Geode Capital Management LLC’s holdings in Quaker Chemical were worth $52,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KWR. GAMMA Investing LLC increased its holdings in shares of Quaker Chemical by 105.3% during the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 80 shares in the last quarter. Fifth Third Bancorp grew its position in 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. KBC Group NV increased its stake in Quaker Chemical by 50.9% during the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock valued at $88,000 after purchasing an additional 177 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Quaker Chemical in the second quarter worth $136,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Quaker Chemical by 100.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company’s stock valued at $153,000 after buying an additional 453 shares during the last quarter. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Quaker Chemical Stock Performance

Shares of KWR stock opened at $138.61 on Monday. The stock has a market cap of $2.47 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 1.84 and a beta of 1.38. Quaker Chemical Co. has a 52-week low of $137.65 and a 52-week high of $221.94. The business has a 50-day simple moving average of $159.20 and a 200-day simple moving average of $165.50. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data 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 company had revenue of $462.27 million during the quarter, compared to analysts’ expectations of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.05 EPS. On average, equities analysts expect that Quaker Chemical Co. will post 7.78 EPS for the current year.

Quaker Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.485 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.40%. Quaker Chemical’s dividend payout ratio (DPR) is currently 28.45%.

Insider Transactions at Quaker Chemical

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

Analysts Set New Price Targets

A number of analysts have commented on the company. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Royal Bank of Canada decreased their target price on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, Piper Sandler upped their price objective on shares of Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 8th.

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.