Quaker Chemical Co. (NYSE:KWR) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. lowered its position in shares of Quaker Chemical Co. (NYSE:KWR) by 67.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 453 shares of the specialty chemicals company’s stock after selling 949 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Quaker Chemical were worth $77,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. 1832 Asset Management L.P. bought a new position in Quaker Chemical during the fourth quarter worth $4,751,000. Personal CFO Solutions LLC grew its holdings in Quaker Chemical by 8.1% in the 4th 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 in the last quarter. Ranger Investment Management L.P. raised its stake in Quaker Chemical by 40.0% during the 4th quarter. Ranger Investment Management L.P. now owns 96,769 shares of the specialty chemicals company’s stock valued at $20,652,000 after acquiring an additional 27,669 shares in the last quarter. First Financial Bankshares Inc bought a new position in shares of Quaker Chemical in the fourth quarter worth $304,000. Finally, Virtu Financial LLC acquired a new position in shares of Quaker Chemical during the fourth quarter valued at $823,000. Institutional investors own 77.46% of the company’s stock.

Quaker Chemical Trading Up 2.8 %

Shares of KWR stock opened at $164.92 on Friday. The stock has a 50-day simple moving average of $165.66 and a 200 day simple moving average of $178.03. The stock has a market capitalization of $2.97 billion, a P/E ratio of 25.10, a P/E/G ratio of 1.97 and a beta of 1.37. Quaker Chemical Co. has a fifty-two week low of $138.67 and a fifty-two 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 posted its quarterly earnings data 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). Quaker Chemical had a net margin of 6.56% and a return on equity of 10.49%. The business had revenue of $463.57 million for the quarter, compared to the consensus estimate of $493.68 million. During the same quarter last year, the business posted $1.93 EPS. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, sell-side analysts expect that Quaker Chemical Co. will post 8.3 earnings per share for the current fiscal year.

Quaker Chemical Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 1.18%. 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. Quaker Chemical’s payout ratio is presently 29.53%.

Analyst Ratings Changes

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