JPMorgan Chase & Co. Has $106.87 Million Position in Quaker Chemical Co. (NYSE:KWR)

JPMorgan Chase & Co. grew its holdings in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 19.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 759,233 shares of the specialty chemicals company's stock after purchasing an additional 122,494 shares during the quarter. JPMorgan Chase & Co. owned about 4.27% of Quaker Chemical worth $106,870,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. EntryPoint Capital LLC raised its holdings in Quaker Chemical by 39.6% during the fourth quarter. EntryPoint Capital LLC now owns 3,830 shares of the specialty chemicals company's stock valued at $539,000 after buying an additional 1,086 shares in the last quarter. Advantage Alpha Capital Partners LP raised its stake in shares of Quaker Chemical by 13.1% in the 4th quarter. Advantage Alpha Capital Partners LP now owns 28,102 shares of the specialty chemicals company's stock valued at $3,956,000 after acquiring an additional 3,254 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Quaker Chemical by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 1,638,419 shares of the specialty chemicals company's stock worth $230,624,000 after purchasing an additional 23,832 shares during the last quarter. Bridge City Capital LLC boosted its position in Quaker Chemical by 0.5% during the fourth quarter. Bridge City Capital LLC now owns 16,107 shares of the specialty chemicals company's stock worth $2,267,000 after purchasing an additional 85 shares during the period. Finally, LPL Financial LLC grew its holdings in Quaker Chemical by 72.1% during the fourth quarter. LPL Financial LLC now owns 4,050 shares of the specialty chemicals company's stock valued at $570,000 after purchasing an additional 1,697 shares during the last quarter. Institutional investors and hedge funds own 77.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KWR. StockNews.com cut shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Royal Bank of Canada lowered their price target on Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Finally, Piper Sandler cut their price objective on Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd.

Quaker Chemical Stock Performance

NYSE:KWR traded down $3.83 during trading hours on Monday, hitting $102.07. 316,972 shares of the company traded hands, compared to its average volume of 121,170. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 1.62 and a beta of 1.44. The firm has a 50-day moving average of $133.83 and a 200 day moving average of $146.67. Quaker Chemical Co. has a twelve month low of $98.85 and a twelve month high of $201.18.

Quaker Chemical (NYSE:KWR - Get Free Report) last announced its quarterly earnings data 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). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The company had revenue of $444.09 million for the quarter, compared to analyst estimates of $430.47 million. During the same period in the prior year, the company posted $1.78 EPS. On average, analysts forecast that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical's dividend payout ratio is presently 29.80%.

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.