Victory Capital Management Inc. Raises Stock Holdings in Quaker Chemical Co. (NYSE:KWR)

Victory Capital Management Inc. increased its position in Quaker Chemical Co. (NYSE:KWR) by 21.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,479 shares of the specialty chemicals company’s stock after acquiring an additional 1,147 shares during the period. Victory Capital Management Inc.’s holdings in Quaker Chemical were worth $912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of KWR. Atria Investments Inc raised its stake in shares of Quaker Chemical by 41.1% during the 3rd quarter. Atria Investments Inc now owns 2,641 shares of the specialty chemicals company’s stock valued at $445,000 after buying an additional 769 shares during the last quarter. KBC Group NV raised its stake in shares of 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 buying an additional 177 shares during the last quarter. Natixis Advisors LLC purchased a new position in shares of Quaker Chemical during the 3rd quarter valued at about $2,488,000. King Luther Capital Management Corp raised its stake in shares of Quaker Chemical by 5.6% during the 3rd quarter. King Luther Capital Management Corp now owns 23,591 shares of the specialty chemicals company’s stock valued at $3,975,000 after buying an additional 1,249 shares during the last quarter. Finally, Intech Investment Management LLC raised its stake in shares of Quaker Chemical by 79.1% during the 3rd quarter. Intech Investment Management LLC now owns 6,321 shares of the specialty chemicals company’s stock valued at $1,065,000 after buying an additional 2,791 shares during the last quarter. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Quaker Chemical Price Performance

NYSE:KWR opened at $129.65 on Friday. Quaker Chemical Co. has a 52 week low of $124.66 and a 52 week high of $207.83. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $2.29 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. The stock’s 50-day moving average price is $136.88 and its 200-day moving average price is $150.45.

Quaker Chemical (NYSE:KWR) last posted its earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $430.47 million. During the same quarter last year, the business earned $1.78 earnings per share. As a group, equities analysts expect that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.

Quaker Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical’s payout ratio is 29.80%.

Analyst Upgrades and Downgrades

KWR has been the subject of a number of recent research reports. StockNews.com lowered Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Royal Bank of Canada dropped their target price on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Finally, Piper Sandler restated a “neutral” rating and set a $170.00 target price (down from $200.00) on shares of Quaker Chemical in a research report on Tuesday, January 7th.

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.