Quantbot Technologies LP Purchases 8,799 Shares of Quaker Chemical Co. (NYSE:KWR)

Quantbot Technologies LP grew its holdings in Quaker Chemical Co. (NYSE:KWR - Free Report) by 143.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,934 shares of the specialty chemicals company's stock after purchasing an additional 8,799 shares during the period. Quantbot Technologies LP owned approximately 0.08% of Quaker Chemical worth $2,102,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KWR. Harbor Capital Advisors Inc. grew its position in 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 acquiring an additional 110 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of 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 valued at $243,000 after purchasing an additional 146 shares during the last quarter. Corient Private Wealth LLC increased its position in Quaker Chemical by 5.1% during the 4th quarter. Corient Private Wealth LLC now owns 3,095 shares of the specialty chemicals company's stock worth $436,000 after purchasing an additional 149 shares in the last quarter. KBC Group NV lifted its stake 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 purchasing an additional 172 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Quaker Chemical by 5.1% in the third quarter. Victory Capital Management Inc. now owns 5,332 shares of the specialty chemicals company's stock valued at $898,000 after buying an additional 259 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company's stock.

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Analysts Set New Price Targets

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

Quaker Chemical Trading Down 1.7 %

KWR stock traded down $2.26 during midday trading on Thursday, hitting $129.68. The stock had a trading volume of 132,603 shares, compared to its average volume of 108,955. 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 business has a fifty day moving average price of $136.99 and a two-hundred day moving average price of $149.39. Quaker Chemical Co. has a 1-year low of $124.66 and a 1-year high of $207.83. The firm has a market cap of $2.29 billion, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43.

Quaker Chemical (NYSE:KWR - Get Free Report) last issued its earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share for the quarter, missing analysts' consensus estimates of $1.62 by ($0.29). The business 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 quarter in the previous year, the firm posted $1.78 earnings per share. On average, sell-side analysts predict that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical's dividend payout ratio is 29.80%.

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.