Quaker Chemical Co. (NYSE:KWR) Stock Holdings Increased by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its position in Quaker Chemical Co. (NYSE:KWR) by 63.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,729 shares of the specialty chemicals company’s stock after buying an additional 13,085 shares during the quarter. Squarepoint Ops LLC’s holdings in Quaker Chemical were worth $5,724,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KWR. Vanguard Group Inc. grew its holdings in shares of Quaker Chemical by 0.5% during the first quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company’s stock valued at $329,942,000 after purchasing an additional 8,484 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Quaker Chemical by 14.8% during the second quarter. Dimensional Fund Advisors LP now owns 359,617 shares of the specialty chemicals company’s stock valued at $61,027,000 after purchasing an additional 46,240 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Quaker Chemical by 337.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 224,008 shares of the specialty chemicals company’s stock valued at $38,014,000 after purchasing an additional 172,750 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Quaker Chemical by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 138,878 shares of the specialty chemicals company’s stock valued at $23,568,000 after purchasing an additional 4,733 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Quaker Chemical by 2,077.7% during the second quarter. Marshall Wace LLP now owns 138,239 shares of the specialty chemicals company’s stock valued at $23,459,000 after purchasing an additional 131,891 shares during the last quarter. 77.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KWR has been the subject of several recent research reports. Royal Bank of Canada lowered their target price on Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on Quaker Chemical from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, August 26th. Finally, StockNews.com downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd.

Quaker Chemical Stock Performance

Shares of NYSE KWR opened at $171.52 on Monday. The company has a current ratio of 2.63, a quick ratio of 1.94 and a debt-to-equity ratio of 0.50. The stock has a 50 day simple moving average of $167.32 and a 200-day simple moving average of $178.97. The company has a market cap of $3.09 billion, a PE ratio of 26.11, a P/E/G 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 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 business had revenue of $463.57 million for the quarter, compared to analyst estimates of $493.68 million. Quaker Chemical had a return on equity of 10.49% and a net margin of 6.56%. The business’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.93 earnings per share. On average, equities research analysts forecast that Quaker Chemical Co. will post 8.3 EPS for the current year.

Quaker Chemical Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.13%. This is an increase 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 27.70%.

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.