Ceredex Value Advisors LLC Invests $11.95 Million in Quaker Chemical Co. (NYSE:KWR)

Ceredex Value Advisors LLC acquired a new position in Quaker Chemical Co. (NYSE:KWR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 84,900 shares of the specialty chemicals company's stock, valued at approximately $11,951,000. Ceredex Value Advisors LLC owned about 0.48% of Quaker Chemical at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Quaker Chemical by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 1,638,419 shares of the specialty chemicals company's stock worth $230,624,000 after buying an additional 23,832 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Quaker Chemical by 19.2% during the 4th quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company's stock valued at $106,870,000 after purchasing an additional 122,494 shares during the last quarter. Royce & Associates LP raised its holdings in Quaker Chemical by 27.8% during the 4th quarter. Royce & Associates LP now owns 555,219 shares of the specialty chemicals company's stock valued at $78,153,000 after buying an additional 120,916 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Quaker Chemical by 26.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 394,708 shares of the specialty chemicals company's stock valued at $53,680,000 after buying an additional 82,843 shares during the period. Finally, Geode Capital Management LLC lifted its position in Quaker Chemical by 1.0% in the third quarter. Geode Capital Management LLC now owns 312,784 shares of the specialty chemicals company's stock worth $52,713,000 after buying an additional 3,118 shares during the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KWR. Royal Bank of Canada reduced their target price on shares of Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Piper Sandler dropped their target price on Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Finally, StockNews.com downgraded Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th.

Quaker Chemical Trading Up 2.0 %

Shares of NYSE:KWR traded up $1.97 during trading on Tuesday, reaching $102.60. 32,309 shares of the company were exchanged, compared to its average volume of 166,474. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The firm has a market capitalization of $1.81 billion, a PE ratio of 15.09, a P/E/G ratio of 1.62 and a beta of 1.44. The business's fifty day simple moving average is $125.30 and its 200-day simple moving average is $141.55. Quaker Chemical Co. has a 12-month low of $95.91 and a 12-month high of $197.03.

Quaker Chemical (NYSE:KWR - Get Free Report) last issued its earnings results 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). The firm had revenue of $444.09 million for the quarter, compared to the consensus estimate of $430.47 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. During the same period last year, the firm earned $1.78 earnings per share. On average, research analysts anticipate that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.485 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.94 annualized dividend and a dividend yield of 1.89%. Quaker Chemical's payout ratio is presently 29.80%.

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.