Holocene Advisors LP Buys 9,409 Shares of Quaker Chemical Co. (NYSE:KWR)

Holocene Advisors LP raised its holdings in Quaker Chemical Co. (NYSE:KWR - Free Report) by 240.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,323 shares of the specialty chemicals company's stock after acquiring an additional 9,409 shares during the quarter. Holocene Advisors LP owned approximately 0.07% of Quaker Chemical worth $2,245,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of KWR. First Pacific Financial bought a new stake in Quaker Chemical in the second quarter valued at approximately $25,000. GAMMA Investing LLC boosted its stake in shares of Quaker Chemical by 105.3% in the 3rd quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 80 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Quaker Chemical by 36.8% during the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company's stock worth $49,000 after buying an additional 77 shares during the period. KBC Group NV raised its stake in Quaker Chemical by 50.9% during the third quarter. KBC Group NV now owns 525 shares of the specialty chemicals company's stock worth $88,000 after buying an additional 177 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in Quaker Chemical in the second quarter valued at $136,000. Institutional investors own 77.46% of the company's stock.

Analyst Ratings Changes

KWR has been the subject of a number of recent analyst reports. Royal Bank of Canada decreased 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. Piper Sandler raised their target price on Quaker Chemical from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. 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 note on Monday, November 4th. Finally, StockNews.com raised shares of Quaker Chemical from a "hold" rating to a "buy" rating in a research report on Thursday, November 28th.

Quaker Chemical Stock Up 1.7 %

Shares of KWR stock traded up $2.62 on Friday, reaching $156.92. 92,925 shares of the company were exchanged, compared to its average volume of 102,935. Quaker Chemical Co. has a one year low of $151.31 and a one year high of $221.94. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.90 and a beta of 1.38. The company has a 50-day moving average of $161.82 and a 200-day moving average of $167.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88.

Quaker Chemical (NYSE:KWR - Get Free Report) last announced its quarterly 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). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm had revenue of $462.27 million during the quarter, compared to the consensus estimate of $469.17 million. During the same quarter in the previous year, the company posted $2.05 EPS. The firm's revenue was down 5.8% on a year-over-year basis. Analysts anticipate that Quaker Chemical Co. will post 7.78 earnings per share for the current year.

Quaker Chemical Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.485 per share. The ex-dividend date is Friday, January 17th. This represents a $1.94 annualized dividend and a yield of 1.24%. Quaker Chemical's payout ratio is 28.45%.

Insider Buying and Selling at Quaker Chemical

In other news, SVP David Slinkman sold 1,700 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 2,825 shares of the company's stock, valued at $474,035. This represents a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jeewat Bijlani sold 645 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were 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 owns 4,747 shares in the company, valued at $787,907.06. This represents a 11.96 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

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.