Inceptionr LLC Increases Stake in Quaker Chemical Co. (NYSE:KWR)

Inceptionr LLC raised its holdings in Quaker Chemical Co. (NYSE:KWR - Free Report) by 217.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,724 shares of the specialty chemicals company's stock after purchasing an additional 3,235 shares during the quarter. Inceptionr LLC's holdings in Quaker Chemical were worth $665,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KWR. JPMorgan Chase & Co. boosted its stake in shares of Quaker Chemical by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 636,739 shares of the specialty chemicals company's stock valued at $107,284,000 after buying an additional 90,726 shares in the last quarter. State Street Corp increased its holdings in shares of Quaker Chemical by 3.8% in the 3rd quarter. State Street Corp now owns 554,612 shares of the specialty chemicals company's stock valued at $93,447,000 after purchasing an additional 20,059 shares in the last quarter. Royce & Associates LP lifted its stake in shares of Quaker Chemical by 5.3% in the third quarter. Royce & Associates LP now owns 434,303 shares of the specialty chemicals company's stock valued at $73,176,000 after purchasing an additional 21,986 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Quaker Chemical by 26.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 394,708 shares of the specialty chemicals company's stock worth $53,680,000 after buying an additional 82,843 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Quaker Chemical by 1.0% during the third quarter. Geode Capital Management LLC now owns 312,784 shares of the specialty chemicals company's stock worth $52,713,000 after buying an additional 3,118 shares during the period. Institutional investors and hedge funds own 77.46% of the company's stock.

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Analysts Set New Price Targets

KWR has been the subject of a number of research reports. Royal Bank of Canada reduced their price target on shares of Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. StockNews.com lowered shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Piper Sandler restated a "neutral" rating and set a $170.00 target price (down previously from $200.00) on shares of Quaker Chemical in a research report on Tuesday, January 7th.

Quaker Chemical Price Performance

Shares of NYSE:KWR traded down $2.56 on Tuesday, hitting $133.37. The company had a trading volume of 142,093 shares, compared to its average volume of 104,268. 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 cap of $2.36 billion, a PE ratio of 19.56, a PEG ratio of 1.62 and a beta of 1.43. Quaker Chemical Co. has a 52-week low of $124.66 and a 52-week high of $207.83. The business has a 50 day moving average of $137.81 and a 200 day moving average of $152.32.

Quaker Chemical (NYSE:KWR - Get Free Report) last released its earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.62 by ($0.29). The firm had revenue of $444.09 million during the quarter, compared to analysts' expectations of $430.47 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. During the same quarter last year, the company posted $1.78 earnings per share. As a group, equities analysts anticipate that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.485 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.94 annualized dividend and a yield of 1.45%. Quaker Chemical's payout ratio is currently 29.80%.

About Quaker Chemical

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.