Quaker Chemical Co. (NYSE:KWR) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,587 shares of the specialty chemicals company’s stock after selling 244 shares during the period. Thrivent Financial for Lutherans’ holdings in Quaker Chemical were worth $1,490,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in Quaker Chemical by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 636,739 shares of the specialty chemicals company’s stock valued at $107,284,000 after buying an additional 90,726 shares in the last quarter. CIBC Asset Management Inc purchased a new position in shares of Quaker Chemical in the 4th quarter valued at approximately $211,000. Charles Schwab Investment Management Inc. boosted its stake in Quaker Chemical by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 162,401 shares of the specialty chemicals company’s stock worth $27,363,000 after purchasing an additional 3,951 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Quaker Chemical by 26.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 394,708 shares of the specialty chemicals company’s stock worth $53,680,000 after purchasing an additional 82,843 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its stake in Quaker Chemical by 38.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 16,108 shares of the specialty chemicals company’s stock valued at $2,714,000 after purchasing an additional 4,454 shares in the last quarter. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on KWR. Royal Bank of Canada lowered their price objective on shares of Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. StockNews.com downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Piper Sandler restated a “neutral” rating and issued a $170.00 price objective (down from $200.00) on shares of Quaker Chemical in a research note on Tuesday, January 7th.

Quaker Chemical Stock Down 3.4 %

NYSE:KWR opened at $125.33 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 company’s fifty day moving average price is $136.71 and its 200-day moving average price is $148.86. Quaker Chemical Co. has a 1-year low of $124.00 and a 1-year high of $207.33. The firm has a market capitalization of $2.21 billion, a P/E ratio of 18.38, a PEG ratio of 1.62 and a beta of 1.43.

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

Quaker Chemical Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Wednesday, April 16th. Quaker Chemical’s payout ratio is presently 29.80%.

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.