Eagle Asset Management Inc. Sells 34,498 Shares of Quaker Chemical Co. (NYSE:KWR)

Eagle Asset Management Inc. cut its position in Quaker Chemical Co. (NYSE:KWR - Free Report) by 16.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 177,532 shares of the specialty chemicals company's stock after selling 34,498 shares during the period. Eagle Asset Management Inc. owned about 1.00% of Quaker Chemical worth $30,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Quaker Chemical by 0.5% during the first quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company's stock valued at $329,942,000 after acquiring an additional 8,484 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Quaker Chemical during the first quarter worth $304,000. UniSuper Management Pty Ltd purchased a new position in Quaker Chemical during the first quarter worth about $723,000. 1832 Asset Management L.P. boosted its position in shares of Quaker Chemical by 46.3% during the first quarter. 1832 Asset Management L.P. now owns 32,570 shares of the specialty chemicals company's stock worth $6,685,000 after buying an additional 10,310 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in Quaker Chemical by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company's stock valued at $22,193,000 after purchasing an additional 3,441 shares in the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. StockNews.com cut Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft cut their target price on Quaker Chemical from $190.00 to $182.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Royal Bank of Canada decreased their price objective on shares of Quaker Chemical from $195.00 to $180.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. Finally, Piper Sandler upped their target price on Quaker Chemical from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, November 8th.

Quaker Chemical Stock Performance

Shares of KWR traded down $1.32 during mid-day trading on Friday, reaching $165.13. 102,013 shares of the company's stock traded hands, compared to its average volume of 106,372. The stock has a market capitalization of $2.94 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 2.01 and a beta of 1.38. The business's 50-day moving average price is $163.89 and its 200-day moving average price is $170.25. Quaker Chemical Co. has a 12 month low of $151.31 and a 12 month high of $221.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54.

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

Quaker Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 1.17%. The ex-dividend date is Friday, January 17th. Quaker Chemical's dividend payout ratio is currently 28.45%.

Quaker Chemical Company 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.