Quaker Chemical Co. (NYSE:KWR) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its stake in Quaker Chemical Co. (NYSE:KWR - Free Report) by 108.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,906 shares of the specialty chemicals company's stock after buying an additional 29,584 shares during the period. Mutual of America Capital Management LLC owned approximately 0.32% of Quaker Chemical worth $9,588,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Seizert Capital Partners LLC grew its stake in Quaker Chemical by 122.7% in the 3rd quarter. Seizert Capital Partners LLC now owns 20,067 shares of the specialty chemicals company's stock worth $3,381,000 after acquiring an additional 11,058 shares during the period. Natixis Advisors LLC purchased a new stake in Quaker Chemical in the 3rd quarter worth approximately $2,488,000. Royce & Associates LP grew its stake in Quaker Chemical by 5.3% in the 3rd quarter. Royce & Associates LP now owns 434,303 shares of the specialty chemicals company's stock worth $73,176,000 after acquiring an additional 21,986 shares during the period. KBC Group NV grew its stake in Quaker Chemical by 50.9% in the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company's stock worth $88,000 after acquiring an additional 177 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Quaker Chemical by 5.1% in the 3rd quarter. Victory Capital Management Inc. now owns 5,332 shares of the specialty chemicals company's stock worth $898,000 after acquiring an additional 259 shares during the period. 77.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com cut shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a "buy" rating on the stock in a report on Monday, November 4th. Royal Bank of Canada decreased their price target on shares of Quaker Chemical from $195.00 to $180.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. Finally, Piper Sandler lifted their price target on shares of Quaker Chemical from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, November 8th.

Quaker Chemical Stock Down 0.3 %

Quaker Chemical stock traded down $0.48 during midday trading on Monday, hitting $167.23. 46,743 shares of the stock were exchanged, compared to its average volume of 95,474. The company has a 50 day moving average price of $163.61 and a two-hundred day moving average price of $170.46. The firm has a market cap of $2.98 billion, a P/E ratio of 24.52, a P/E/G ratio of 2.02 and a beta of 1.38. Quaker Chemical Co. has a 1 year low of $151.31 and a 1 year high of $221.94. 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 (NYSE:KWR - Get Free Report) last released 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). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The company had revenue of $462.27 million during the quarter, compared to the consensus estimate of $469.17 million. During the same period in the previous year, the firm posted $2.05 EPS. Quaker Chemical's revenue for the quarter was down 5.8% on a year-over-year basis. On average, sell-side analysts predict that Quaker Chemical Co. will post 7.78 earnings per share for the current fiscal year.

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.