Davis R M Inc. Trims Stake in Quaker Chemical Co. (NYSE:KWR)

Davis R M Inc. reduced its stake in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 73.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,708 shares of the specialty chemicals company's stock after selling 4,626 shares during the quarter. Davis R M Inc.'s holdings in Quaker Chemical were worth $288,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KWR. Vanguard Group Inc. grew its stake in shares of Quaker Chemical by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company's stock worth $329,942,000 after purchasing an additional 8,484 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in Quaker Chemical in the first quarter worth about $304,000. Price T Rowe Associates Inc. MD lifted its holdings in Quaker Chemical by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company's stock worth $22,193,000 after buying an additional 3,441 shares during the period. Tidal Investments LLC lifted its holdings in Quaker Chemical by 18.4% in the first quarter. Tidal Investments LLC now owns 2,842 shares of the specialty chemicals company's stock worth $583,000 after buying an additional 442 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in Quaker Chemical by 374.3% in the second quarter. Harbor Capital Advisors Inc. now owns 4,183 shares of the specialty chemicals company's stock worth $710,000 after buying an additional 3,301 shares during the period. 77.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP David Slinkman sold 1,700 shares of the company's 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 sale, the senior vice president now owns 2,825 shares of the company's stock, valued at $474,035. This represents a 37.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeewat Bijlani sold 645 shares of the company'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 sale, the executive vice president now directly owns 4,747 shares in the company, valued at approximately $787,907.06. The trade was a 11.96 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

KWR has been the subject of several research analyst reports. Piper Sandler raised their price objective on shares of Quaker Chemical from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Quaker Chemical from $190.00 to $182.00 and set a "buy" rating for the company in a report on Monday, November 4th. Royal Bank of Canada lowered their target price 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. Finally, StockNews.com lowered shares of Quaker Chemical from a "buy" rating to a "hold" rating in a report on Thursday, November 7th.

Quaker Chemical Stock Down 2.9 %

NYSE KWR traded down $4.73 during mid-day trading on Tuesday, reaching $157.81. The stock had a trading volume of 153,483 shares, compared to its average volume of 95,815. Quaker Chemical Co. has a 1 year low of $151.31 and a 1 year high of $221.94. The stock has a market cap of $2.81 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.99 and a beta of 1.38. The company has a fifty day moving average price of $163.83 and a 200 day moving average price of $169.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88.

Quaker Chemical (NYSE:KWR - Get Free Report) last posted 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 company had revenue of $462.27 million during the quarter, compared to the consensus estimate of $469.17 million. During the same period last year, the firm posted $2.05 EPS. The company's revenue for the quarter was down 5.8% on a year-over-year basis. On average, research analysts expect that Quaker Chemical Co. will post 7.78 earnings per share for the current year.

Quaker Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid 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 1.23%. Quaker Chemical's dividend payout ratio (DPR) is presently 28.45%.

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.