Quaker Chemical Co. (NYSE:KWR) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. lessened its stake in Quaker Chemical Co. (NYSE:KWR) by 6.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,410 shares of the specialty chemicals company’s stock after selling 90 shares during the period. Everence Capital Management Inc.’s holdings in Quaker Chemical were worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of Quaker Chemical by 39.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 311,865 shares of the specialty chemicals company’s stock worth $52,546,000 after buying an additional 87,857 shares during the period. Raymond James & Associates boosted its stake in shares of Quaker Chemical by 4.7% during the third quarter. Raymond James & Associates now owns 34,728 shares of the specialty chemicals company’s stock worth $5,851,000 after buying an additional 1,549 shares during the period. Inspire Investing LLC boosted its stake in shares of Quaker Chemical by 17.6% during the third quarter. Inspire Investing LLC now owns 2,434 shares of the specialty chemicals company’s stock worth $410,000 after buying an additional 364 shares during the period. GAMMA Investing LLC boosted its stake in shares of Quaker Chemical by 105.3% during the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 80 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in shares of Quaker Chemical by 14.9% during the third quarter. Handelsbanken Fonder AB now owns 3,079 shares of the specialty chemicals company’s stock worth $519,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Chemical Trading Down 0.9 %

NYSE KWR opened at $157.39 on Wednesday. The stock has a market capitalization of $2.83 billion, a P/E ratio of 22.88, a P/E/G ratio of 1.92 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 firm has a 50-day moving average price of $164.15 and a 200 day moving average price of $174.27. 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 results 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). Quaker Chemical had a return on equity of 10.49% and a net margin of 6.56%. The firm had revenue of $463.57 million for the quarter, compared to analysts’ expectations of $493.68 million. During the same period in the prior year, the company earned $1.93 earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. Equities research analysts expect that Quaker Chemical Co. will post 8.24 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. Shareholders of record on Thursday, October 17th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This is a boost from Quaker Chemical’s previous quarterly dividend of $0.46. This represents a $1.94 dividend on an annualized basis and a yield of 1.23%. Quaker Chemical’s dividend payout ratio (DPR) is 28.20%.

Analyst Ratings Changes

Several brokerages have recently weighed in on KWR. StockNews.com downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Royal Bank of Canada decreased their target price 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 cut their price target 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.

Quaker Chemical Company 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.