Harbor Capital Advisors Inc. Acquires 4,720 Shares of Quaker Chemical Co. (NYSE:KWR)

Harbor Capital Advisors Inc. boosted its position in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 112.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,903 shares of the specialty chemicals company's stock after acquiring an additional 4,720 shares during the period. Harbor Capital Advisors Inc.'s holdings in Quaker Chemical were worth $1,500,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KWR. BNP Paribas Financial Markets raised its stake in Quaker Chemical by 22.1% during the 1st quarter. BNP Paribas Financial Markets now owns 20,072 shares of the specialty chemicals company's stock worth $4,120,000 after acquiring an additional 3,632 shares during the period. Fidelis Capital Partners LLC bought a new stake in Quaker Chemical during the 1st quarter worth approximately $25,000. Mutual of America Capital Management LLC raised its stake in Quaker Chemical by 64.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 24,419 shares of the specialty chemicals company's stock worth $5,012,000 after acquiring an additional 9,535 shares during the period. GSA Capital Partners LLP bought a new stake in Quaker Chemical during the 1st quarter worth approximately $706,000. Finally, Texas Permanent School Fund Corp raised its stake in Quaker Chemical by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 12,120 shares of the specialty chemicals company's stock worth $2,488,000 after acquiring an additional 156 shares during the period. Institutional investors own 77.46% of the company's stock.

Quaker Chemical Price Performance

Shares of KWR stock traded up $19.54 on Wednesday, reaching $180.23. The company's stock had a trading volume of 213,573 shares, compared to its average volume of 95,138. The stock's fifty day simple moving average is $162.60 and its 200-day simple moving average is $171.64. Quaker Chemical Co. has a 1 year low of $151.31 and a 1 year high of $221.94. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.98 and a beta of 1.38.

Quaker Chemical (NYSE:KWR - Get Free Report) last posted 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 analysts' expectations of $469.17 million. During the same period last year, the business posted $2.05 earnings per share. The company's revenue for the quarter was down 5.8% compared to the same quarter last year. Analysts forecast that Quaker Chemical Co. will post 7.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on KWR. Royal Bank of Canada cut their price objective on shares of Quaker Chemical from $195.00 to $180.00 and set an "outperform" rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Quaker Chemical from $190.00 to $182.00 and set a "buy" rating for the company in a report on Monday. Finally, StockNews.com raised shares of Quaker Chemical from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th.

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.