KLP Kapitalforvaltning AS Invests $422,000 in Quaker Chemical Co. (NYSE:KWR)

KLP Kapitalforvaltning AS bought a new position in Quaker Chemical Co. (NYSE:KWR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,000 shares of the specialty chemicals company's stock, valued at approximately $422,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Quaker Chemical by 27.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,452 shares of the specialty chemicals company's stock valued at $582,000 after acquiring an additional 754 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Quaker Chemical in the third quarter valued at $215,000. Holocene Advisors LP lifted its position in Quaker Chemical by 240.4% in the third quarter. Holocene Advisors LP now owns 13,323 shares of the specialty chemicals company's stock worth $2,245,000 after purchasing an additional 9,409 shares during the period. HighTower Advisors LLC boosted its stake in Quaker Chemical by 30.7% during the third quarter. HighTower Advisors LLC now owns 1,795 shares of the specialty chemicals company's stock worth $312,000 after buying an additional 422 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Quaker Chemical by 917.6% in the 3rd quarter. Janus Henderson Group PLC now owns 57,370 shares of the specialty chemicals company's stock valued at $9,666,000 after buying an additional 51,732 shares in the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on KWR shares. Royal Bank of Canada lowered their target price on shares of Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. StockNews.com cut Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Piper Sandler decreased their price target on Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd.

Quaker Chemical Price Performance

Shares of KWR stock traded up $14.02 during trading hours on Wednesday, hitting $111.28. 354,186 shares of the company's stock were exchanged, compared to its average volume of 123,151. Quaker Chemical Co. has a 52 week low of $95.91 and a 52 week high of $197.38. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.62 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The stock's 50-day moving average is $130.85 and its 200-day moving average is $145.23.

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

Quaker Chemical Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical's dividend payout ratio is 29.80%.

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.