Proficio Capital Partners LLC Invests $1.53 Million in Quaker Chemical Co. (NYSE:KWR)

Proficio Capital Partners LLC acquired a new position in Quaker Chemical Co. (NYSE:KWR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 10,839 shares of the specialty chemicals company's stock, valued at approximately $1,526,000. Proficio Capital Partners LLC owned approximately 0.06% of Quaker Chemical as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its position in shares of 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 valued at $1,269,000 after buying an additional 110 shares in the last quarter. Park Avenue Securities LLC increased its stake in 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 acquiring an additional 146 shares during the period. KBC Group NV raised its holdings in Quaker Chemical by 32.8% in the 4th 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 in the last quarter. Victory Capital Management Inc. lifted its position in shares of Quaker Chemical by 5.1% during the 3rd 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. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Quaker Chemical during the 4th quarter worth $58,000. Institutional investors own 77.46% of the company's stock.

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Quaker Chemical Price Performance

Shares of KWR stock traded up $2.00 on Monday, hitting $131.28. 158,812 shares of the company's stock were exchanged, compared to its average volume of 108,083. The company has a 50 day moving average of $136.96 and a 200 day moving average of $149.95. The stock has a market cap of $2.32 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. 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 12 month low of $124.66 and a 12 month high of $207.83.

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

Quaker Chemical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.485 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.94 dividend on an annualized basis and a yield of 1.48%. Quaker Chemical's dividend payout ratio is currently 29.80%.

Analyst Ratings Changes

A number of research analysts recently commented on KWR shares. Royal Bank of Canada dropped their price target on Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating for the company 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 report on Wednesday, February 26th. Finally, Piper Sandler reiterated a "neutral" rating and set a $170.00 price target (down previously from $200.00) on shares of Quaker Chemical in a research report on Tuesday, January 7th.

About Quaker Chemical

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.