Charles Schwab Investment Management Inc. Buys 3,951 Shares of Quaker Chemical Co. (NYSE:KWR)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 162,401 shares of the specialty chemicals company's stock after buying an additional 3,951 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.91% of Quaker Chemical worth $27,363,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KWR. First Pacific Financial acquired a new position in Quaker Chemical during the second quarter worth $25,000. GAMMA Investing LLC boosted its holdings in Quaker Chemical by 105.3% during the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company's stock valued at $26,000 after acquiring an additional 80 shares during the period. Fifth Third Bancorp boosted its holdings in Quaker Chemical by 36.8% during the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company's stock valued at $49,000 after acquiring an additional 77 shares during the period. KBC Group NV boosted its holdings in Quaker Chemical by 50.9% during the third quarter. KBC Group NV now owns 525 shares of the specialty chemicals company's stock valued at $88,000 after acquiring an additional 177 shares during the period. Finally, nVerses Capital LLC bought a new stake in Quaker Chemical during the second quarter valued at about $136,000. 77.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KWR. Piper Sandler upped their price target on shares of Quaker Chemical from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Royal Bank of Canada reduced their target price on shares of Quaker Chemical from $195.00 to $180.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. StockNews.com upgraded shares of Quaker Chemical from a "hold" rating to a "buy" rating in a research note on Thursday, November 28th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Quaker Chemical from $190.00 to $182.00 and set a "buy" rating for the company in a research note on Monday, November 4th.

Insider Transactions at Quaker Chemical

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

Quaker Chemical Price Performance

Shares of Quaker Chemical stock traded down $3.40 during midday trading on Thursday, reaching $154.30. The company had a trading volume of 82,376 shares, compared to its average volume of 96,214. 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 company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38. The stock has a fifty day simple moving average of $162.42 and a 200 day simple moving average of $168.33. Quaker Chemical Co. has a 1-year low of $151.31 and a 1-year high of $221.94.

Quaker Chemical (NYSE:KWR - Get Free Report) last released its 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 return on equity of 10.10% and a net margin of 6.58%. The business had revenue of $462.27 million for the quarter, compared to analyst estimates of $469.17 million. During the same period in the prior year, the firm posted $2.05 EPS. Quaker Chemical's revenue was down 5.8% on a year-over-year basis. As a group, equities research analysts forecast that Quaker Chemical Co. will post 7.78 earnings per share for the current year.

Quaker Chemical Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.26%. Quaker Chemical's dividend payout ratio is 28.45%.

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.