Quaker Chemical Co. (NYSE:KWR) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its stake in Quaker Chemical Co. (NYSE:KWR - Free Report) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 155,013 shares of the specialty chemicals company's stock after selling 4,367 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.87% of Quaker Chemical worth $26,118,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Quaker Chemical by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company's stock worth $329,942,000 after purchasing an additional 8,484 shares during the last quarter. Royce & Associates LP grew its stake in Quaker Chemical by 5.3% during the 3rd quarter. Royce & Associates LP now owns 434,303 shares of the specialty chemicals company's stock worth $73,176,000 after buying an additional 21,986 shares during the last quarter. Copeland Capital Management LLC increased its position in Quaker Chemical by 0.7% during the 3rd quarter. Copeland Capital Management LLC now owns 388,719 shares of the specialty chemicals company's stock valued at $65,495,000 after buying an additional 2,592 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Quaker Chemical by 14.8% in the second quarter. Dimensional Fund Advisors LP now owns 359,617 shares of the specialty chemicals company's stock valued at $61,027,000 after buying an additional 46,240 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Quaker Chemical by 39.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 311,865 shares of the specialty chemicals company's stock worth $52,546,000 after acquiring an additional 87,857 shares during the last quarter. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Quaker Chemical Trading Down 2.9 %

Shares of KWR stock traded down $4.73 on Tuesday, hitting $157.81. 153,483 shares of the stock traded hands, compared to its average volume of 95,815. Quaker Chemical Co. has a twelve month low of $151.31 and a twelve month high of $221.94. The stock has a market capitalization of $2.81 billion, a PE ratio of 23.66, a PEG ratio of 1.99 and a beta of 1.38. The firm's 50-day moving average price is $163.83 and its two-hundred day moving average price is $169.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54.

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 the consensus estimate of $2.08 by ($0.19). The company had revenue of $462.27 million during the quarter, compared to analyst estimates 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 for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the business posted $2.05 EPS. As a group, analysts anticipate that Quaker Chemical Co. will post 7.78 EPS for the current year.

Quaker Chemical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.485 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.94 dividend on an annualized basis and a yield of 1.23%. Quaker Chemical's dividend payout ratio (DPR) is presently 28.45%.

Insiders Place Their Bets

In other news, SVP David Slinkman sold 1,700 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $167.80, for a total value of $285,260.00. Following the transaction, the senior vice president now owns 2,825 shares in the company, valued at approximately $474,035. This represents a 37.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jeewat Bijlani sold 645 shares of the company'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 directly owns 4,747 shares of the company's stock, valued at $787,907.06. This trade represents a 11.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

KWR has been the subject of a number of recent analyst reports. Royal Bank of Canada lowered their target price on shares of Quaker Chemical from $195.00 to $180.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. StockNews.com lowered shares of Quaker Chemical from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reduced their target price on Quaker Chemical from $190.00 to $182.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Finally, Piper Sandler lifted their target price on Quaker Chemical from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, November 8th.

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.