Mutual of America Capital Management LLC raised its position in Quaker Chemical Co. (NYSE:KWR - Free Report) by 52.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,692 shares of the specialty chemicals company's stock after acquiring an additional 29,786 shares during the period. Mutual of America Capital Management LLC owned about 0.49% of Quaker Chemical worth $12,203,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of KWR. Harbor Capital Advisors Inc. raised its position in Quaker Chemical by 1.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,013 shares of the specialty chemicals company's stock worth $1,269,000 after purchasing an additional 110 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Quaker Chemical by 1.0% in the 3rd 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. Park Avenue Securities LLC lifted its position in shares of Quaker Chemical by 9.2% during the 4th quarter. Park Avenue Securities LLC now owns 1,729 shares of the specialty chemicals company's stock worth $243,000 after buying an additional 146 shares during the period. KBC Group NV grew its position in Quaker Chemical by 32.8% in the fourth quarter. KBC Group NV now owns 697 shares of the specialty chemicals company's stock valued at $98,000 after acquiring an additional 172 shares during the period. Finally, Victory Capital Management Inc. grew its position in Quaker Chemical by 5.1% in the third quarter. Victory Capital Management Inc. now owns 5,332 shares of the specialty chemicals company's stock valued at $898,000 after acquiring an additional 259 shares during the period. Institutional investors own 77.46% of the company's stock.
Quaker Chemical Trading Up 3.3 %
Shares of NYSE KWR traded up $4.46 during mid-day trading on Wednesday, hitting $137.58. The company's stock had a trading volume of 414,449 shares, compared to its average volume of 156,770. The company's fifty day simple moving average is $137.98 and its 200-day simple moving average is $153.02. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. Quaker Chemical Co. has a one year low of $124.66 and a one year high of $207.83. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43.
Quaker Chemical (NYSE:KWR - Get Free Report) last posted its earnings results 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 return on equity of 10.10% and a net margin of 6.58%. The business had revenue of $444.09 million for the quarter, compared to the consensus estimate of $430.47 million. During the same quarter in the prior year, the firm posted $1.78 earnings per share. On average, sell-side 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 declared 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. This represents a $1.94 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical's dividend payout ratio is 29.80%.
Wall Street Analyst Weigh In
KWR has been the topic of several recent analyst reports. Royal Bank of Canada reduced 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 shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $170.00 price objective (down previously from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th.
Get Our Latest Stock Analysis on KWR
Quaker Chemical Profile
(
Free Report)
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.
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