Principal Financial Group Inc. Has $12.04 Million Stock Position in Quaker Chemical Co. (NYSE:KWR)

Principal Financial Group Inc. lessened its position in shares of Quaker Chemical Co. (NYSE:KWR) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,476 shares of the specialty chemicals company’s stock after selling 2,204 shares during the quarter. Principal Financial Group Inc.’s holdings in Quaker Chemical were worth $12,043,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. lifted its holdings in shares of 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 acquiring an additional 4,720 shares during the period. Cerity Partners LLC boosted its holdings in Quaker Chemical by 485.5% during the third quarter. Cerity Partners LLC now owns 64,631 shares of the specialty chemicals company’s stock valued at $10,890,000 after purchasing an additional 53,592 shares in the last quarter. Seizert Capital Partners LLC grew its stake in shares of Quaker Chemical by 122.7% in the 3rd quarter. Seizert Capital Partners LLC now owns 20,067 shares of the specialty chemicals company’s stock valued at $3,381,000 after purchasing an additional 11,058 shares during the period. ProShare Advisors LLC raised its holdings in shares of 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 buying an additional 27,514 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Quaker Chemical by 37.4% in the second quarter. Renaissance Technologies LLC now owns 21,300 shares of the specialty chemicals company’s stock valued at $3,615,000 after acquiring an additional 5,800 shares during the period. 77.46% of the stock is currently owned by institutional investors.

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 sale, the executive vice president now owns 4,747 shares in the company, valued at approximately $787,907.06. The trade was a 11.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP David Slinkman sold 1,700 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 2,825 shares in the company, valued at approximately $474,035. This trade represents a 37.57 % 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

Shares of Quaker Chemical stock opened at $140.33 on Monday. 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 50 day simple moving average of $156.86 and a 200 day simple moving average of $164.24. Quaker Chemical Co. has a fifty-two week low of $137.00 and a fifty-two week high of $221.94. The firm has a market cap of $2.50 billion, a P/E ratio of 20.58, a P/E/G 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). The firm had revenue of $462.27 million during 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 quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 earnings per share. Sell-side analysts predict that Quaker Chemical Co. will post 7.78 earnings per share for the current fiscal 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 issued a dividend of $0.485 per share. The ex-dividend date is Friday, January 17th. This represents a $1.94 annualized dividend and a yield of 1.38%. Quaker Chemical’s dividend payout ratio is currently 28.45%.

Wall Street Analysts Forecast Growth

KWR has been the subject of a number of recent analyst reports. Piper Sandler increased their target price on shares of Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Deutsche Bank Aktiengesellschaft reduced 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, Royal Bank of Canada lowered their target price on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, November 4th.

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.