SG Americas Securities LLC Has $175,000 Position in Quaker Chemical Co. (NYSE:KWR)

SG Americas Securities LLC boosted its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 54.5% in the second quarter, Holdings Channel.com reports. The fund owned 1,032 shares of the specialty chemicals company’s stock after buying an additional 364 shares during the quarter. SG Americas Securities LLC’s holdings in Quaker Chemical were worth $175,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Comerica Bank boosted its position in shares of Quaker Chemical by 1.1% in the 4th quarter. Comerica Bank now owns 9,057 shares of the specialty chemicals company’s stock worth $1,933,000 after purchasing an additional 96 shares during the last quarter. Strs Ohio lifted its stake in Quaker Chemical by 50.0% in the fourth quarter. Strs Ohio now owns 300 shares of the specialty chemicals company’s stock valued at $64,000 after buying an additional 100 shares during the period. Personal CFO Solutions LLC boosted its holdings in Quaker Chemical by 8.1% during the fourth quarter. Personal CFO Solutions LLC now owns 1,369 shares of the specialty chemicals company’s stock worth $292,000 after buying an additional 102 shares during the last quarter. Bridge City Capital LLC grew its position in shares of Quaker Chemical by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 13,721 shares of the specialty chemicals company’s stock worth $2,816,000 after buying an additional 108 shares during the period. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Quaker Chemical in the 1st quarter valued at about $25,000. Institutional investors own 77.46% of the company’s stock.

Quaker Chemical Price Performance

NYSE KWR opened at $167.06 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.94 and a current ratio of 2.63. Quaker Chemical Co. has a 52-week low of $138.67 and a 52-week high of $221.94. The business has a 50 day simple moving average of $170.63 and a 200 day simple moving average of $184.80. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 1.31 and a beta of 1.40.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings data on Monday, August 5th. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.08). The company had revenue of $463.57 million for the quarter, compared to the consensus estimate of $493.68 million. Quaker Chemical had a return on equity of 10.49% and a net margin of 6.56%. The firm’s revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.93 EPS. Analysts anticipate that Quaker Chemical Co. will post 8.52 earnings per share for the current fiscal year.

Quaker Chemical Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.16%. This is a positive change from Quaker Chemical’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, October 17th. Quaker Chemical’s payout ratio is 27.70%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KWR shares. Royal Bank of Canada reduced their price objective on shares of Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Piper Sandler initiated coverage on shares of Quaker Chemical in a report on Thursday, May 16th. They issued an “overweight” rating and a $220.00 price target for the company. Finally, StockNews.com downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.

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.