Dynamic Technology Lab Private Ltd Purchases Shares of 2,320 Quaker Chemical Co. (NYSE:KWR)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,320 shares of the specialty chemicals company's stock, valued at approximately $327,000.

Other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN grew its position in Quaker Chemical by 14.2% during the fourth quarter. Wells Fargo & Company MN now owns 15,122 shares of the specialty chemicals company's stock valued at $2,129,000 after buying an additional 1,877 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Quaker Chemical by 32.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 205,771 shares of the specialty chemicals company's stock worth $28,964,000 after acquiring an additional 50,758 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Quaker Chemical during the 4th quarter valued at $194,000. Franklin Resources Inc. increased its stake in shares of Quaker Chemical by 11.1% in the 4th quarter. Franklin Resources Inc. now owns 14,982 shares of the specialty chemicals company's stock worth $2,109,000 after purchasing an additional 1,499 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Quaker Chemical by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 15,737 shares of the specialty chemicals company's stock worth $2,215,000 after purchasing an additional 1,010 shares during the period. Institutional investors own 77.46% of the company's stock.

Wall Street Analysts Forecast Growth

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

Quaker Chemical Price Performance

Shares of Quaker Chemical stock traded down $1.06 during trading hours on Tuesday, hitting $103.09. The company's stock had a trading volume of 28,503 shares, compared to its average volume of 124,887. The company has a market cap of $1.82 billion, a PE ratio of 15.12, a PEG ratio of 1.62 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The business has a 50 day moving average price of $128.92 and a two-hundred day moving average price of $143.73. 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 posted its quarterly earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.29). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business had revenue of $444.09 million during the quarter, compared to analysts' expectations of $430.47 million. During the same period in the prior year, the firm posted $1.78 earnings per share. Analysts expect that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a dividend of $0.485 per share. The ex-dividend date is Wednesday, April 16th. This represents a $1.94 annualized dividend and a yield of 1.88%. Quaker Chemical's payout ratio is 29.80%.

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.