Natixis Advisors LLC purchased a new stake in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,764 shares of the specialty chemicals company's stock, valued at approximately $2,488,000. Natixis Advisors LLC owned 0.08% of Quaker Chemical at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. First Pacific Financial purchased a new position in shares of Quaker Chemical during the second quarter valued at about $25,000. GAMMA Investing LLC grew its holdings in shares of Quaker Chemical by 105.3% during the 3rd quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company's stock worth $26,000 after acquiring an additional 80 shares during the period. Fifth Third Bancorp raised its position in shares of Quaker Chemical by 36.8% in the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company's stock worth $49,000 after acquiring an additional 77 shares in the last quarter. KBC Group NV lifted its stake in shares of Quaker Chemical by 50.9% in the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company's stock valued at $88,000 after purchasing an additional 177 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of Quaker Chemical during the second quarter valued at approximately $136,000. Hedge funds and other institutional investors own 77.46% of the company's stock.
Quaker Chemical Stock Down 1.6 %
NYSE:KWR traded down $2.59 on Monday, reaching $162.54. 216,025 shares of the stock traded hands, compared to its average volume of 95,562. The company's fifty day simple moving average is $163.90 and its 200 day simple moving average is $169.85. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 1.99 and a beta of 1.38. Quaker Chemical Co. has a 12 month low of $151.31 and a 12 month high of $221.94. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48.
Quaker Chemical (NYSE:KWR - Get Free Report) last posted its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing analysts' consensus estimates of $2.08 by ($0.19). The business had revenue of $462.27 million during the quarter, compared to the consensus estimate of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm's revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.05 EPS. Equities analysts predict that Quaker Chemical Co. will post 7.78 EPS for the current fiscal year.
Quaker Chemical Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.94 annualized dividend and a dividend yield of 1.19%. Quaker Chemical's payout ratio is 28.45%.
Analyst Upgrades and Downgrades
Several equities analysts have commented on KWR shares. Piper Sandler raised their price objective on Quaker Chemical from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. StockNews.com lowered shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Quaker Chemical from $190.00 to $182.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. Finally, Royal Bank of Canada decreased 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.
Read Our Latest Report on Quaker Chemical
Quaker Chemical Company 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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