Massachusetts Financial Services Co. MA Boosts Stake in Quaker Chemical Co. (NYSE:KWR)

Massachusetts Financial Services Co. MA grew its holdings in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 32.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 205,771 shares of the specialty chemicals company's stock after buying an additional 50,758 shares during the period. Massachusetts Financial Services Co. MA owned 1.16% of Quaker Chemical worth $28,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of KWR. Kohmann Bosshard Financial Services LLC purchased a new stake in Quaker Chemical during the fourth quarter worth approximately $58,000. KBC Group NV raised its holdings in Quaker Chemical by 32.8% during the fourth quarter. KBC Group NV now owns 697 shares of the specialty chemicals company's stock worth $98,000 after purchasing an additional 172 shares in the last quarter. iSAM Funds UK Ltd purchased a new stake in shares of Quaker Chemical during the 3rd quarter worth approximately $208,000. Headlands Technologies LLC acquired a new position in shares of Quaker Chemical in the 4th quarter valued at $194,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Quaker Chemical in the 3rd quarter valued at $239,000. 77.46% of the stock is owned by hedge funds and other institutional investors.

Quaker Chemical Stock Performance

Quaker Chemical stock traded up $1.64 during midday trading on Friday, hitting $105.60. 233,624 shares of the company's stock were exchanged, compared to its average volume of 124,530. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.62 and a beta of 1.44. Quaker Chemical Co. has a 12-month low of $95.91 and a 12-month high of $197.03. The firm's 50 day simple moving average is $129.58 and its 200 day simple moving average is $144.38.

Quaker Chemical (NYSE:KWR - Get Free Report) last released its quarterly 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 company had revenue of $444.09 million for the quarter, compared to analysts' expectations of $430.47 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. During the same period in the prior year, the business earned $1.78 EPS. Equities research analysts predict that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Wednesday, April 16th. Quaker Chemical's payout ratio is currently 29.80%.

Wall Street Analysts Forecast Growth

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

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.