Mutual of America Capital Management LLC Acquires 2,903 Shares of Quaker Chemical Co. (NYSE:KWR)

Mutual of America Capital Management LLC increased its stake in Quaker Chemical Co. (NYSE:KWR) by 11.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,322 shares of the specialty chemicals company’s stock after purchasing an additional 2,903 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.15% of Quaker Chemical worth $4,637,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in shares of Quaker Chemical by 37.4% in the second quarter. Renaissance Technologies LLC now owns 21,300 shares of the specialty chemicals company’s stock worth $3,615,000 after buying an additional 5,800 shares during the period. Dimensional Fund Advisors LP raised its stake in Quaker Chemical by 14.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 359,617 shares of the specialty chemicals company’s stock worth $61,027,000 after acquiring an additional 46,240 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Quaker Chemical by 5.3% during the second quarter. Envestnet Asset Management Inc. now owns 84,468 shares of the specialty chemicals company’s stock valued at $14,334,000 after purchasing an additional 4,225 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Quaker Chemical by 18.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,032 shares of the specialty chemicals company’s stock worth $1,024,000 after purchasing an additional 948 shares during the period. Finally, Texas Permanent School Fund Corp increased its stake in shares of Quaker Chemical by 19.7% in the second quarter. Texas Permanent School Fund Corp now owns 14,506 shares of the specialty chemicals company’s stock worth $2,462,000 after purchasing an additional 2,386 shares in the last quarter. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Quaker Chemical from $225.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, August 26th. Royal Bank of Canada lowered their price objective on Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd.

Quaker Chemical Stock Down 3.9 %

Shares of KWR stock opened at $165.69 on Friday. The company’s fifty day simple moving average is $169.12 and its two-hundred day simple moving average is $180.26. Quaker Chemical Co. has a 52 week low of $138.67 and a 52 week high of $221.94. The stock has a market cap of $2.98 billion, a P/E ratio of 25.22, a PEG ratio of 1.90 and a beta of 1.37. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.50.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings results on Monday, August 5th. The specialty chemicals company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.08). The firm had revenue of $463.57 million for the quarter, compared to analysts’ expectations of $493.68 million. Quaker Chemical had a net margin of 6.56% and a return on equity of 10.49%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.93 EPS. Analysts predict that Quaker Chemical Co. will post 8.3 EPS for the current fiscal year.

Quaker Chemical Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 1.17%. This is a boost from Quaker Chemical’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, October 17th. Quaker Chemical’s dividend payout ratio is currently 27.70%.

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.