Proficio Capital Partners LLC Acquires Shares of 10,839 Quaker Chemical Co. (NYSE:KWR)

Proficio Capital Partners LLC purchased a new position in Quaker Chemical Co. (NYSE:KWR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,839 shares of the specialty chemicals company's stock, valued at approximately $1,526,000. Proficio Capital Partners LLC owned about 0.06% of Quaker Chemical at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KWR. JPMorgan Chase & Co. boosted its stake in Quaker Chemical by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 636,739 shares of the specialty chemicals company's stock worth $107,284,000 after buying an additional 90,726 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Quaker Chemical by 26.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 394,708 shares of the specialty chemicals company's stock worth $53,680,000 after purchasing an additional 82,843 shares during the period. WCM Investment Management LLC raised its holdings in shares of Quaker Chemical by 116.5% in the 4th quarter. WCM Investment Management LLC now owns 117,229 shares of the specialty chemicals company's stock worth $16,424,000 after purchasing an additional 63,080 shares during the period. Cerity Partners LLC raised its holdings in shares of Quaker Chemical by 485.5% in the 3rd quarter. Cerity Partners LLC now owns 64,631 shares of the specialty chemicals company's stock worth $10,890,000 after purchasing an additional 53,592 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of Quaker Chemical by 917.6% in the 3rd quarter. Janus Henderson Group PLC now owns 57,370 shares of the specialty chemicals company's stock worth $9,666,000 after purchasing an additional 51,732 shares during the period. 77.46% of the stock is owned by institutional investors and hedge funds.

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Quaker Chemical Stock Down 1.0 %

Shares of NYSE:KWR traded down $1.35 during mid-day trading on Friday, hitting $138.88. 92,000 shares of the company traded hands, compared to its average volume of 153,964. The firm has a market cap of $2.45 billion, a P/E ratio of 20.36, a PEG ratio of 1.62 and a beta of 1.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. Quaker Chemical Co. has a 52-week low of $124.66 and a 52-week high of $207.83. The firm's 50 day simple moving average is $137.88 and its 200 day simple moving average is $152.51.

Quaker Chemical (NYSE:KWR - Get Free Report) last announced its 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 company had revenue of $444.09 million for 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 quarter in the previous year, the business posted $1.78 earnings per share. On average, equities analysts anticipate that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Dividend Announcement

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

Wall Street Analyst Weigh In

KWR has been the topic of a number of research reports. Royal Bank of Canada cut their price objective on Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. StockNews.com downgraded Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Piper Sandler restated a "neutral" rating and issued a $170.00 price objective (down from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th.

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.