Rhumbline Advisers Raises Stock Holdings in Quaker Chemical Co. (NYSE:KWR)

Rhumbline Advisers grew its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 41,721 shares of the specialty chemicals company’s stock after buying an additional 438 shares during the period. Rhumbline Advisers’ holdings in Quaker Chemical were worth $5,873,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Harbor Capital Advisors Inc. grew its stake in shares of Quaker Chemical by 1.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 9,013 shares of the specialty chemicals company’s stock worth $1,269,000 after buying an additional 110 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Quaker Chemical by 1.0% during the third 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 during the last quarter. Park Avenue Securities LLC increased its position in shares of Quaker Chemical by 9.2% during the fourth quarter. Park Avenue Securities LLC now owns 1,729 shares of the specialty chemicals company’s stock valued at $243,000 after acquiring an additional 146 shares in the last quarter. KBC Group NV lifted its position in Quaker Chemical by 32.8% in the 4th quarter. KBC Group NV now owns 697 shares of the specialty chemicals company’s stock valued at $98,000 after acquiring an additional 172 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Quaker Chemical by 5.1% in the 3rd quarter. Victory Capital Management Inc. now owns 5,332 shares of the specialty chemicals company’s stock valued at $898,000 after acquiring an additional 259 shares in the last quarter. Institutional investors own 77.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KWR shares. StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday. Piper Sandler reissued a “neutral” rating and issued a $170.00 target price (down previously from $200.00) on shares of Quaker Chemical in a research report on Tuesday, January 7th. Royal Bank of Canada lowered their target price on shares of Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Monday, November 4th.

Quaker Chemical Trading Down 4.3 %

Shares of NYSE:KWR opened at $138.26 on Thursday. The stock’s 50-day simple moving average is $138.22 and its two-hundred day simple moving average is $153.74. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.62 and a beta of 1.39. Quaker Chemical Co. has a 52-week low of $124.66 and a 52-week high of $207.83. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54.

Quaker Chemical (NYSE:KWR) last announced its earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.29). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The business had revenue of $444.09 million for the quarter, compared to the consensus estimate of $430.47 million. During the same quarter last year, the firm posted $1.78 earnings per share. Analysts expect that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 annualized dividend and a dividend yield of 1.40%. Quaker Chemical’s dividend payout ratio (DPR) is 28.45%.

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.