American Century Companies Inc. Buys 3,977 Shares of Quaker Chemical Co. (NYSE:KWR)

American Century Companies Inc. boosted its stake in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 37.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,594 shares of the specialty chemicals company's stock after purchasing an additional 3,977 shares during the quarter. American Century Companies Inc. owned about 0.08% of Quaker Chemical worth $2,054,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KWR. HighTower Advisors LLC grew its position in shares of Quaker Chemical by 30.7% in the third quarter. HighTower Advisors LLC now owns 1,795 shares of the specialty chemicals company's stock valued at $312,000 after purchasing an additional 422 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in Quaker Chemical by 380.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 7,200 shares of the specialty chemicals company's stock valued at $1,213,000 after purchasing an additional 5,700 shares during the period. Stifel Financial Corp increased its holdings in shares of Quaker Chemical by 8.5% during the third quarter. Stifel Financial Corp now owns 14,316 shares of the specialty chemicals company's stock worth $2,412,000 after purchasing an additional 1,117 shares during the period. State Street Corp raised its position in shares of Quaker Chemical by 3.8% in the third quarter. State Street Corp now owns 554,612 shares of the specialty chemicals company's stock valued at $93,447,000 after buying an additional 20,059 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in Quaker Chemical during the third quarter worth approximately $239,000. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Quaker Chemical Stock Up 1.6 %

KWR stock traded up $1.64 during midday trading on Friday, reaching $105.60. 233,624 shares of the company's stock traded hands, compared to its average volume of 124,781. Quaker Chemical Co. has a 52 week low of $95.91 and a 52 week high of $197.03. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 1.62 and a beta of 1.44. The firm's fifty day moving average price is $129.58 and its 200-day moving average price is $144.21. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.29). The company had revenue of $444.09 million for the quarter, compared to the consensus estimate of $430.47 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. During the same quarter last year, the company posted $1.78 EPS. As a group, sell-side analysts forecast that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical's dividend payout ratio is presently 29.80%.

Analysts Set New Price Targets

KWR has been the subject of a number of research reports. Piper Sandler dropped their price target on Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. StockNews.com cut shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada lowered their price objective on shares of Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating for the company in a research note 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.