Lord Abbett & CO. LLC Boosts Stock Holdings in Quaker Chemical Co. (NYSE:KWR)

Lord Abbett & CO. LLC boosted its stake in Quaker Chemical Co. (NYSE:KWR - Free Report) by 53.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,158 shares of the specialty chemicals company's stock after buying an additional 16,051 shares during the period. Lord Abbett & CO. LLC owned 0.26% of Quaker Chemical worth $7,777,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KWR. Fifth Third Bancorp grew its stake in shares of Quaker Chemical by 36.8% in the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company's stock worth $49,000 after acquiring an additional 77 shares during the last quarter. GAMMA Investing LLC grew its position in 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 purchasing an additional 80 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Quaker Chemical by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the specialty chemicals company's stock valued at $1,188,000 after purchasing an additional 100 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Quaker Chemical by 6.6% in the second quarter. Mackenzie Financial Corp now owns 1,778 shares of the specialty chemicals company's stock worth $302,000 after buying an additional 110 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Quaker Chemical by 1.0% in the third quarter. Nisa Investment Advisors LLC now owns 13,001 shares of the specialty chemicals company's stock worth $2,191,000 after buying an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 77.46% of the company's stock.

Quaker Chemical Stock Performance

KWR traded down $2.90 during mid-day trading on Tuesday, reaching $148.17. 112,802 shares of the company traded hands, compared to its average volume of 96,758. The stock has a market capitalization of $2.64 billion, a P/E ratio of 21.71, a P/E/G ratio of 1.84 and a beta of 1.38. Quaker Chemical Co. has a 52-week low of $147.81 and a 52-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 company's fifty day moving average price is $160.61 and its 200-day moving average price is $166.43.

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). The firm had revenue of $462.27 million during the quarter, compared to the consensus estimate of $469.17 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm's revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.05 EPS. On average, sell-side analysts expect that Quaker Chemical Co. will post 7.78 EPS for the current year.

Quaker Chemical Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given 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 1.31%. Quaker Chemical's dividend payout ratio (DPR) is 28.45%.

Insider Buying and Selling at Quaker Chemical

In other Quaker Chemical news, 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 transaction of $107,057.10. Following the sale, the executive vice president now owns 4,747 shares in the company, valued at approximately $787,907.06. This trade represents a 11.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Slinkman sold 1,700 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $167.80, for a total transaction 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. The trade was a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KWR. Royal Bank of Canada decreased 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, November 4th. Piper Sandler boosted their price target 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 objective 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. Finally, StockNews.com raised Quaker Chemical from a "hold" rating to a "buy" rating in a research report on Thursday, November 28th.

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.