Fmr LLC Has $33.38 Million Stock Position in Quaker Chemical Co. (NYSE:KWR)

FMR LLC lessened its stake in Quaker Chemical Co. (NYSE:KWR - Free Report) by 18.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 198,094 shares of the specialty chemicals company's stock after selling 44,474 shares during the quarter. FMR LLC owned about 1.11% of Quaker Chemical worth $33,377,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Pacific Financial purchased a new position in shares of Quaker Chemical during the 2nd quarter valued at approximately $25,000. GAMMA Investing LLC boosted its stake in shares of Quaker Chemical by 105.3% during the 3rd 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 boosted its stake in shares of Quaker Chemical by 36.8% during the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company's stock valued at $49,000 after buying an additional 77 shares during the last quarter. KBC Group NV boosted its stake in shares of 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 last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Quaker Chemical during the 2nd quarter valued at approximately $136,000. Hedge funds and other institutional investors own 77.46% of the company's stock.

Insider Transactions at Quaker Chemical

In other news, SVP David Slinkman sold 1,700 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $167.80, for a total value of $285,260.00. Following the completion of the transaction, the senior vice president now owns 2,825 shares of the company's stock, valued at approximately $474,035. This represents a 37.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jeewat Bijlani sold 645 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $165.98, for a total value of $107,057.10. Following the completion of the transaction, the executive vice president now directly owns 4,747 shares of the company's stock, 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. Company insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

KWR has been the subject of several research analyst reports. StockNews.com upgraded Quaker Chemical from a "hold" rating to a "buy" rating in a research note on Thursday, November 28th. Deutsche Bank Aktiengesellschaft dropped their price target 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. Royal Bank of Canada dropped their price target on Quaker Chemical from $195.00 to $180.00 and set an "outperform" rating on the stock in a research report on Monday, November 4th. Finally, Piper Sandler upped their price target on Quaker Chemical from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, November 8th.

Quaker Chemical Stock Performance

NYSE KWR traded down $0.73 during trading hours on Monday, hitting $156.19. The company had a trading volume of 118,625 shares, compared to its average volume of 96,294. Quaker Chemical Co. has a fifty-two week low of $151.31 and a fifty-two week high of $221.94. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $161.82 and a 200-day simple moving average of $167.61. The firm has a market cap of $2.78 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38.

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 the consensus estimate 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 analyst estimates of $469.17 million. During the same period in the prior year, the business earned $2.05 earnings per share. Quaker Chemical's quarterly revenue was down 5.8% on a year-over-year basis. Equities analysts predict that Quaker Chemical Co. will post 7.78 EPS for the current year.

Quaker Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 1.24%. The ex-dividend date is Friday, January 17th. Quaker Chemical's dividend payout ratio 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.