New York State Common Retirement Fund Grows Stock Holdings in Quaker Chemical Co. (NYSE:KWR)

New York State Common Retirement Fund lifted its position in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 38.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,623 shares of the specialty chemicals company's stock after buying an additional 19,761 shares during the period. New York State Common Retirement Fund owned approximately 0.40% of Quaker Chemical worth $9,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in KWR. KBC Group NV increased its holdings in shares of Quaker Chemical by 50.9% during the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company's stock worth $88,000 after buying an additional 177 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Quaker Chemical by 100.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company's stock worth $153,000 after buying an additional 453 shares during the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Quaker Chemical during the 3rd quarter worth approximately $208,000. CIBC Asset Management Inc acquired a new stake in shares of Quaker Chemical during the 4th quarter worth approximately $211,000. Finally, Edgestream Partners L.P. acquired a new stake in shares of Quaker Chemical during the 3rd quarter worth approximately $215,000. Institutional investors and hedge funds own 77.46% of the company's stock.

Quaker Chemical Stock Down 0.0 %

KWR stock traded down $0.01 during midday trading on Friday, hitting $139.01. The company's stock had a trading volume of 147,589 shares, compared to its average volume of 150,654. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. Quaker Chemical Co. has a 52-week low of $124.66 and a 52-week high of $207.83. The firm has a market capitalization of $2.46 billion, a P/E ratio of 20.38, a PEG ratio of 1.62 and a beta of 1.39. The firm has a 50-day simple moving average of $138.19 and a 200-day simple moving average of $153.64.

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Quaker Chemical (NYSE:KWR - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.29). The business had revenue of $444.09 million during the quarter, compared to analysts' expectations of $430.47 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. During the same period in the prior year, the business earned $1.78 EPS. As a group, equities analysts forecast that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.485 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.40%. Quaker Chemical's dividend payout ratio (DPR) is 29.80%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Quaker Chemical from $190.00 to $182.00 and set a "buy" rating for the company in a research report on Monday, November 4th. 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 research report on Tuesday, January 7th. Royal Bank of Canada lowered their price objective on shares of Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, StockNews.com cut shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research report on Wednesday.

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.