Point72 Asset Management L.P. Boosts Stake in Quaker Chemical Co. (NYSE:KWR)

Point72 Asset Management L.P. raised its holdings in Quaker Chemical Co. (NYSE:KWR - Free Report) by 380.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,200 shares of the specialty chemicals company's stock after buying an additional 5,700 shares during the period. Point72 Asset Management L.P.'s holdings in Quaker Chemical were worth $1,213,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in Quaker Chemical by 337.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 224,008 shares of the specialty chemicals company's stock valued at $38,014,000 after buying an additional 172,750 shares during the period. Marshall Wace LLP raised its holdings in shares of Quaker Chemical by 2,077.7% during the 2nd quarter. Marshall Wace LLP now owns 138,239 shares of the specialty chemicals company's stock valued at $23,459,000 after buying an additional 131,891 shares in the last quarter. WCM Investment Management LLC purchased a new stake in Quaker Chemical in the third quarter worth approximately $9,288,000. Cerity Partners LLC grew its position in Quaker Chemical by 485.5% during the third quarter. Cerity Partners LLC now owns 64,631 shares of the specialty chemicals company's stock valued at $10,890,000 after acquiring an additional 53,592 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Quaker Chemical by 917.6% during the third quarter. Janus Henderson Group PLC now owns 57,370 shares of the specialty chemicals company's stock worth $9,666,000 after acquiring an additional 51,732 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Quaker Chemical

In other Quaker Chemical news, EVP Jeewat Bijlani sold 645 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $165.98, for a total value of $107,057.10. Following the sale, the executive vice president now owns 4,747 shares in the company, valued at $787,907.06. The trade was a 11.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Slinkman sold 1,700 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $167.80, for a total value of $285,260.00. Following the transaction, the senior vice president now directly owns 2,825 shares of the company's stock, valued at approximately $474,035. The trade was a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

Quaker Chemical Stock Performance

Quaker Chemical stock traded down $0.47 during mid-day trading on Wednesday, reaching $154.08. 27,776 shares of the stock traded hands, compared to its average volume of 95,940. The stock has a market capitalization of $2.74 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The business's 50-day moving average is $161.41 and its 200-day moving average is $167.21. Quaker Chemical Co. has a 12-month low of $151.31 and a 12-month high of $221.94.

Quaker Chemical (NYSE:KWR - Get Free Report) last announced its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.19). The business had revenue of $462.27 million for the quarter, compared to the consensus estimate of $469.17 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The business's quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.05 earnings per share. As a group, sell-side analysts predict that Quaker Chemical Co. will post 7.78 EPS for the current fiscal year.

Quaker Chemical Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Friday, January 17th. Quaker Chemical's payout ratio is 28.45%.

Wall Street Analysts Forecast Growth

KWR has been the topic of several analyst reports. Royal Bank of Canada decreased their price objective on Quaker Chemical from $195.00 to $180.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a "buy" rating for the company in a report on Monday, November 4th. Piper Sandler raised their price target on shares of Quaker Chemical from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Finally, StockNews.com raised shares of Quaker Chemical from a "hold" rating to a "buy" rating in a research note on Thursday, November 28th.

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.