Intech Investment Management LLC Makes New Investment in Quaker Chemical Co. (NYSE:KWR)

Intech Investment Management LLC acquired a new stake in shares of Quaker Chemical Co. (NYSE:KWR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,530 shares of the specialty chemicals company’s stock, valued at approximately $599,000.

A number of other institutional investors have also recently made changes to their positions in KWR. Inspire Investing LLC increased its position in Quaker Chemical by 20.1% during the 2nd quarter. Inspire Investing LLC now owns 2,070 shares of the specialty chemicals company’s stock valued at $351,000 after buying an additional 346 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Quaker Chemical by 18.0% in the second quarter. Hsbc Holdings PLC now owns 10,256 shares of the specialty chemicals company’s stock worth $1,740,000 after acquiring an additional 1,564 shares in the last quarter. O Brien Greene & Co. Inc grew its stake in shares of Quaker Chemical by 12.3% during the second quarter. O Brien Greene & Co. Inc now owns 4,471 shares of the specialty chemicals company’s stock worth $759,000 after acquiring an additional 489 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Quaker Chemical during the second quarter valued at about $294,000. Finally, Mutual of America Capital Management LLC raised its position in shares of Quaker Chemical by 11.9% in the 2nd quarter. Mutual of America Capital Management LLC now owns 27,322 shares of the specialty chemicals company’s stock valued at $4,637,000 after purchasing an additional 2,903 shares during the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on KWR shares. Deutsche Bank Aktiengesellschaft dropped 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 report on Monday, August 26th. StockNews.com downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada cut their target price 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.

Quaker Chemical Trading Up 1.6 %

Quaker Chemical stock opened at $168.84 on Friday. The stock has a 50-day moving average price of $167.48 and a 200 day moving average price of $179.48. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 1.89 and a beta of 1.37. Quaker Chemical Co. has a 52 week low of $138.67 and a 52 week high of $221.94. 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 announced its quarterly earnings data on Monday, August 5th. The specialty chemicals company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.08). The business had revenue of $463.57 million for the quarter, compared to analyst estimates of $493.68 million. Quaker Chemical had a net margin of 6.56% and a return on equity of 10.49%. The business’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.93 earnings per share. Sell-side analysts anticipate that Quaker Chemical Co. will post 8.3 EPS for the current year.

Quaker Chemical Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, October 17th. This is an increase from Quaker Chemical’s previous quarterly dividend of $0.46. This represents a $1.94 dividend on an annualized basis and a yield of 1.15%. Quaker Chemical’s 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.