EULAV Asset Management Reduces Stock Holdings in Quaker Chemical Co. (NYSE:KWR)

EULAV Asset Management lowered its holdings in Quaker Chemical Co. (NYSE:KWR - Free Report) by 90.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,100 shares of the specialty chemicals company's stock after selling 20,200 shares during the period. EULAV Asset Management's holdings in Quaker Chemical were worth $354,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in KWR. First Pacific Financial bought a new stake in Quaker Chemical during the 2nd quarter valued at $25,000. GAMMA Investing LLC grew its stake in shares of 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 buying an additional 80 shares during the last quarter. Fifth Third Bancorp increased its stake in Quaker Chemical by 36.8% in the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company's stock worth $49,000 after purchasing an additional 77 shares during the period. KBC Group NV boosted its position in Quaker Chemical by 50.9% during the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company's stock valued at $88,000 after buying an additional 177 shares during the period. Finally, nVerses Capital LLC purchased a new stake in shares of Quaker Chemical during the second quarter worth about $136,000. 77.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Quaker Chemical Stock Performance

Quaker Chemical stock traded up $1.78 during trading on Wednesday, reaching $165.19. The company had a trading volume of 50,571 shares, compared to its average volume of 95,181. The firm's 50-day simple moving average is $163.78 and its 200 day simple moving average is $170.27. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 2.02 and a beta of 1.38. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. Quaker Chemical Co. has a 52 week low of $151.31 and a 52 week 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.19). The business had revenue of $462.27 million for the quarter, compared to analysts' expectations of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.05 EPS. Sell-side analysts forecast that Quaker Chemical Co. will post 7.78 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.17%. Quaker Chemical's payout ratio is 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.