HighTower Advisors LLC Boosts Position in Quaker Chemical Co. (NYSE:KWR)

HighTower Advisors LLC boosted its position in Quaker Chemical Co. (NYSE:KWR) by 30.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,795 shares of the specialty chemicals company’s stock after purchasing an additional 422 shares during the period. HighTower Advisors LLC’s holdings in Quaker Chemical were worth $312,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Raymond James & Associates lifted its position in shares of Quaker Chemical by 1.3% during the 2nd quarter. Raymond James & Associates now owns 33,179 shares of the specialty chemicals company’s stock valued at $5,630,000 after buying an additional 420 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of 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 purchasing an additional 77 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Quaker Chemical by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the specialty chemicals company’s stock valued at $1,188,000 after buying an additional 100 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Quaker Chemical by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 138,878 shares of the specialty chemicals company’s stock valued at $23,568,000 after buying an additional 4,733 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Quaker Chemical by 337.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 224,008 shares of the specialty chemicals company’s stock worth $38,014,000 after buying an additional 172,750 shares during the period. 77.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their target price 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. Royal Bank of Canada decreased their target price on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. StockNews.com upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Finally, Piper Sandler lifted their price target on shares of Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 8th.

Quaker Chemical Stock Down 0.8 %

Shares of NYSE:KWR opened at $137.52 on Tuesday. Quaker Chemical Co. has a 1 year low of $137.00 and a 1 year high of $221.94. The firm’s 50-day moving average is $158.71 and its two-hundred day moving average is $165.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The firm has a market capitalization of $2.45 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.84 and a beta of 1.38.

Quaker Chemical (NYSE:KWR) last announced its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm had revenue of $462.27 million during the quarter, compared to analysts’ expectations of $469.17 million. During the same period in the prior year, the company posted $2.05 earnings per share. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. Analysts predict that Quaker Chemical Co. will post 7.78 EPS for the current year.

Quaker Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.485 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.94 annualized dividend and a yield of 1.41%. Quaker Chemical’s dividend payout ratio is presently 28.45%.

Insider Buying and Selling at Quaker Chemical

In other Quaker Chemical news, 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 transaction of $107,057.10. Following the completion of the transaction, the executive vice president now owns 4,747 shares in the company, valued at approximately $787,907.06. This represents a 11.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 directly owns 2,825 shares of the company’s stock, valued at $474,035. This represents a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

About Quaker Chemical

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.