Quaker Chemical Co. (NYSE:KWR) Shares Acquired by Barclays PLC

Barclays PLC raised its position in Quaker Chemical Co. (NYSE:KWR - Free Report) by 284.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 28,395 shares of the specialty chemicals company's stock after purchasing an additional 21,004 shares during the period. Barclays PLC owned about 0.16% of Quaker Chemical worth $4,784,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC increased its stake in shares of Quaker Chemical by 54.5% during the 2nd quarter. SG Americas Securities LLC now owns 1,032 shares of the specialty chemicals company's stock worth $175,000 after purchasing an additional 364 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Quaker Chemical by 1.3% in the second quarter. Raymond James & Associates now owns 33,179 shares of the specialty chemicals company's stock worth $5,630,000 after acquiring an additional 420 shares during the last quarter. Fifth Third Bancorp raised its holdings 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. Louisiana State Employees Retirement System lifted its position in shares of Quaker Chemical by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the specialty chemicals company's stock valued at $1,188,000 after acquiring an additional 100 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Quaker Chemical by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 138,878 shares of the specialty chemicals company's stock valued at $23,568,000 after acquiring an additional 4,733 shares during the last quarter. Hedge funds and other institutional investors own 77.46% of the company's stock.

Quaker Chemical Trading Down 1.7 %

Shares of KWR stock traded down $2.45 during trading hours on Friday, hitting $138.61. 511,084 shares of the company were exchanged, compared to its average volume of 99,197. Quaker Chemical Co. has a 1 year low of $137.65 and a 1 year high of $221.94. The firm has a fifty day moving average of $159.20 and a 200 day moving average of $165.50. The firm has a market cap of $2.47 billion, a PE ratio of 20.32, a PEG ratio of 1.84 and a beta of 1.38. 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 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 company 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 revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.05 EPS. Analysts expect that Quaker Chemical Co. will post 7.78 earnings per share for the current year.

Quaker Chemical Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a $0.485 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.40%. Quaker Chemical's dividend payout ratio (DPR) is 28.45%.

Insider Activity

In related news, SVP David Slinkman sold 1,700 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $167.80, for a total value of $285,260.00. Following the completion of the sale, the senior vice president now directly owns 2,825 shares in the company, valued at approximately $474,035. This represents a 37.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeewat Bijlani sold 645 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $165.98, for a total value of $107,057.10. Following the completion of the transaction, the executive vice president now directly owns 4,747 shares in the company, valued at $787,907.06. This trade represents a 11.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on KWR. 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. StockNews.com raised shares of Quaker Chemical from a "hold" rating to a "buy" rating in a research note on Thursday, November 28th. Piper Sandler raised their target price on shares of Quaker Chemical from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Finally, Royal Bank of Canada cut their price target on Quaker Chemical from $195.00 to $180.00 and set an "outperform" rating for the company in a report on Monday, November 4th.

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.