Renaissance Technologies LLC Has $3.62 Million Stock Position in Quaker Chemical Co. (NYSE:KWR)

Renaissance Technologies LLC increased its position in shares of Quaker Chemical Co. (NYSE:KWR) by 37.4% during the second quarter, Holdings Channel reports. The fund owned 21,300 shares of the specialty chemicals company’s stock after acquiring an additional 5,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Quaker Chemical were worth $3,615,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC purchased a new stake in shares of Quaker Chemical in the first quarter valued at $25,000. First Pacific Financial acquired a new position in shares of Quaker Chemical in the 2nd quarter valued at about $25,000. Mather Group LLC. purchased a new position in Quaker Chemical during the first quarter valued at approximately $41,000. Fifth Third Bancorp increased its stake in Quaker Chemical by 36.8% in the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock valued at $49,000 after buying an additional 77 shares during the period. Finally, TFO Wealth Partners LLC lifted its position in Quaker Chemical by 20,700.0% in the 4th quarter. TFO Wealth Partners LLC now owns 416 shares of the specialty chemicals company’s stock worth $89,000 after buying an additional 414 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Chemical Trading Up 1.6 %

Shares of KWR stock opened at $171.52 on Monday. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $167.32 and its two-hundred day moving average is $178.97. The company has a market cap of $3.09 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37. Quaker Chemical Co. has a 12 month low of $138.67 and a 12 month high of $221.94.

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

Quaker Chemical Increases Dividend

The business 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 represents a $1.94 dividend on an annualized basis and a yield of 1.13%. This is a positive change from Quaker Chemical’s previous quarterly dividend of $0.46. Quaker Chemical’s payout ratio is 27.70%.

Analyst Upgrades and Downgrades

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

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.