Aigen Investment Management LP Takes $378,000 Position in Quaker Chemical Co. (NYSE:KWR)

Aigen Investment Management LP acquired a new position in Quaker Chemical Co. (NYSE:KWR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,682 shares of the specialty chemicals company's stock, valued at approximately $378,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atria Investments Inc increased its position in shares of Quaker Chemical by 41.1% during the third quarter. Atria Investments Inc now owns 2,641 shares of the specialty chemicals company's stock worth $445,000 after acquiring an additional 769 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in shares of Quaker Chemical by 12.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 11,794 shares of the specialty chemicals company's stock worth $1,987,000 after purchasing an additional 1,329 shares during the last quarter. WCM Investment Management LLC purchased a new position in shares of Quaker Chemical during the third quarter worth $9,288,000. Victory Capital Management Inc. raised its holdings in shares of Quaker Chemical by 5.1% during the third quarter. Victory Capital Management Inc. now owns 5,332 shares of the specialty chemicals company's stock worth $898,000 after purchasing an additional 259 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Quaker Chemical by 50.9% during the third quarter. KBC Group NV now owns 525 shares of the specialty chemicals company's stock worth $88,000 after purchasing an additional 177 shares during the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

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Quaker Chemical Stock Performance

KWR traded down $1.35 on Friday, reaching $138.88. The stock had a trading volume of 92,000 shares, compared to its average volume of 153,964. Quaker Chemical Co. has a 12-month low of $124.66 and a 12-month high of $207.83. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The business's 50-day moving average price is $137.88 and its two-hundred day moving average price is $152.59. The company has a market cap of $2.45 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43.

Quaker Chemical (NYSE:KWR - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share for the quarter, missing analysts' consensus estimates of $1.62 by ($0.29). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm had revenue of $444.09 million during the quarter, compared to analysts' expectations of $430.47 million. During the same period in the previous year, the firm posted $1.78 EPS. Sell-side analysts forecast that Quaker Chemical Co. will post 7.75 earnings per share for the current year.

Quaker Chemical Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.485 per share. The ex-dividend date is Wednesday, April 16th. This represents a $1.94 dividend on an annualized basis and a yield of 1.40%. Quaker Chemical's payout ratio is presently 29.80%.

Analyst Ratings Changes

Several brokerages recently issued reports on KWR. Piper Sandler reissued a "neutral" rating and set a $170.00 target price (down previously from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th. StockNews.com cut shares of Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Royal Bank of Canada cut their price objective on shares of Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th.

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.