Allspring Global Investments Holdings LLC Buys 87,857 Shares of Quaker Chemical Co. (NYSE:KWR)

Allspring Global Investments Holdings LLC lifted its stake in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 39.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 311,865 shares of the specialty chemicals company's stock after purchasing an additional 87,857 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.73% of Quaker Chemical worth $52,546,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Fidelis Capital Partners LLC acquired a new stake in Quaker Chemical during the first quarter worth about $25,000. First Pacific Financial bought a new stake in shares of Quaker Chemical during the 2nd quarter worth approximately $25,000. GAMMA Investing LLC boosted its position 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 in the last quarter. Mather Group LLC. bought a new position in Quaker Chemical in the first quarter valued at approximately $41,000. Finally, Fifth Third Bancorp raised its position in Quaker Chemical by 36.8% during the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company's stock valued at $49,000 after purchasing an additional 77 shares in the last quarter. Institutional investors own 77.46% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on KWR. StockNews.com downgraded Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft decreased their target price on Quaker Chemical from $225.00 to $190.00 and set a "buy" rating on the stock in a research report on Monday, August 26th. Finally, Royal Bank of Canada reduced their price target on shares of Quaker Chemical from $220.00 to $195.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th.

Quaker Chemical Trading Down 0.9 %

Shares of KWR stock traded down $1.36 during mid-day trading on Tuesday, reaching $157.39. 106,822 shares of the stock traded hands, compared to its average volume of 94,076. The stock's fifty day simple moving average is $164.21 and its two-hundred day simple moving average is $174.54. Quaker Chemical Co. has a 1-year low of $138.67 and a 1-year high of $221.94. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.50. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37.

Quaker Chemical (NYSE:KWR - Get Free Report) last announced its earnings results on Monday, August 5th. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.08). Quaker Chemical had a return on equity of 10.49% and a net margin of 6.56%. The company had revenue of $463.57 million for the quarter, compared to the consensus estimate of $493.68 million. During the same period in the prior year, the business earned $1.93 earnings per share. The firm's revenue for the quarter was down 6.4% on a year-over-year basis. On average, research analysts anticipate that Quaker Chemical Co. will post 8.24 EPS for the current fiscal year.

Quaker Chemical Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a dividend of $0.485 per share. This is an increase from Quaker Chemical's previous quarterly dividend of $0.46. This represents a $1.94 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, October 17th. Quaker Chemical's dividend payout ratio is 28.20%.

Quaker Chemical 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.