WCM Investment Management LLC Takes $9.29 Million Position in Quaker Chemical Co. (NYSE:KWR)

WCM Investment Management LLC bought a new stake in Quaker Chemical Co. (NYSE:KWR - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 54,149 shares of the specialty chemicals company's stock, valued at approximately $9,288,000. WCM Investment Management LLC owned 0.30% of Quaker Chemical at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. First Pacific Financial acquired a new position in Quaker Chemical in the second quarter valued at $25,000. GAMMA Investing LLC lifted its stake in shares of Quaker Chemical by 105.3% during the 3rd quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 80 shares during the period. Fifth Third Bancorp boosted its position in shares of Quaker Chemical by 36.8% in the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company's stock worth $49,000 after acquiring an additional 77 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Quaker Chemical in the 2nd quarter valued at about $136,000. Finally, SG Americas Securities LLC raised its position in Quaker Chemical by 54.5% in the second quarter. SG Americas Securities LLC now owns 1,032 shares of the specialty chemicals company's stock valued at $175,000 after purchasing an additional 364 shares during the period. 77.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KWR. Royal Bank of Canada decreased 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 decreased their price objective on Quaker Chemical from $190.00 to $182.00 and set a "buy" rating for the company in a report on Monday, November 4th. StockNews.com lowered shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, Piper Sandler upped their price target on Quaker Chemical from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Friday.

Quaker Chemical Trading Down 1.1 %

NYSE:KWR traded down $1.92 during trading hours on Tuesday, hitting $171.21. The stock had a trading volume of 89,295 shares, compared to its average volume of 95,431. Quaker Chemical Co. has a one year low of $151.31 and a one year high of $221.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 25.39, a P/E/G ratio of 2.02 and a beta of 1.38. The business's 50 day moving average is $163.02 and its 200-day moving average is $171.18.

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

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.