Natixis Advisors LLC Makes New Investment in Quaker Chemical Co. (NYSE:KWR)

Natixis Advisors LLC purchased a new stake in Quaker Chemical Co. (NYSE:KWR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,764 shares of the specialty chemicals company’s stock, valued at approximately $2,488,000.

A number of other hedge funds have also modified their holdings of KWR. Vanguard Group Inc. lifted its position in Quaker Chemical by 0.5% in 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 buying an additional 8,484 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Quaker Chemical in the 1st quarter valued at approximately $304,000. Price T Rowe Associates Inc. MD raised its position in Quaker Chemical by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company’s stock valued at $22,193,000 after purchasing an additional 3,441 shares during the period. Tidal Investments LLC lifted its stake in Quaker Chemical by 18.4% during the first quarter. Tidal Investments LLC now owns 2,842 shares of the specialty chemicals company’s stock worth $583,000 after purchasing an additional 442 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Quaker Chemical by 374.3% in the second quarter. Harbor Capital Advisors Inc. now owns 4,183 shares of the specialty chemicals company’s stock valued at $710,000 after buying an additional 3,301 shares in the last quarter. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Quaker Chemical Trading Down 0.8 %

Shares of NYSE:KWR opened at $165.13 on Monday. Quaker Chemical Co. has a 52 week low of $151.31 and a 52 week high of $221.94. The company’s 50 day moving average is $163.90 and its two-hundred day moving average is $169.85. The company has a market cap of $2.94 billion, a PE ratio of 24.21, a P/E/G ratio of 2.01 and a beta of 1.38. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). The business had revenue of $462.27 million during the quarter, compared to analyst estimates of $469.17 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.05 earnings per share. Equities analysts predict that Quaker Chemical Co. will post 7.78 earnings per share for the current fiscal year.

Quaker Chemical Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Friday, January 17th. Quaker Chemical’s dividend payout ratio (DPR) is 28.45%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KWR. Piper Sandler raised their target price on Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Royal Bank of Canada dropped their price objective on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, StockNews.com lowered Quaker Chemical from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

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.