JPMorgan Chase & Co. Acquires 90,726 Shares of Quaker Chemical Co. (NYSE:KWR)

JPMorgan Chase & Co. lifted its position in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 16.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 636,739 shares of the specialty chemicals company's stock after purchasing an additional 90,726 shares during the quarter. JPMorgan Chase & Co. owned 3.58% of Quaker Chemical worth $107,284,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Quaker Chemical by 3.8% during the third quarter. State Street Corp now owns 554,612 shares of the specialty chemicals company's stock worth $93,447,000 after buying an additional 20,059 shares during the period. Royce & Associates LP boosted its position in Quaker Chemical by 5.3% during the 3rd quarter. Royce & Associates LP now owns 434,303 shares of the specialty chemicals company's stock worth $73,176,000 after acquiring an additional 21,986 shares during the last quarter. Copeland Capital Management LLC grew its stake in shares of Quaker Chemical by 0.7% during the 3rd quarter. Copeland Capital Management LLC now owns 388,719 shares of the specialty chemicals company's stock worth $65,495,000 after acquiring an additional 2,592 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Quaker Chemical by 14.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 359,617 shares of the specialty chemicals company's stock worth $61,027,000 after buying an additional 46,240 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Quaker Chemical by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 312,784 shares of the specialty chemicals company's stock valued at $52,713,000 after acquiring an additional 3,118 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KWR shares. Royal Bank of Canada lowered their price target on Quaker Chemical from $195.00 to $180.00 and set an "outperform" rating on the stock in a research report on Monday, November 4th. StockNews.com upgraded shares of Quaker Chemical from a "hold" rating to a "buy" rating in a research note on Thursday, November 28th. Piper Sandler lifted their price target on Quaker Chemical from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Quaker Chemical from $190.00 to $182.00 and set a "buy" rating on the stock in a research note on Monday, November 4th.

Insider Buying and Selling at Quaker Chemical

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

Quaker Chemical Price Performance

KWR traded down $4.76 on Thursday, reaching $136.00. The stock had a trading volume of 137,918 shares, compared to its average volume of 100,392. The firm has a 50-day moving average of $155.49 and a 200-day moving average of $163.34. Quaker Chemical Co. has a fifty-two week low of $135.44 and a fifty-two week high of $210.06. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 1.84 and a beta of 1.38. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.19). The business had revenue of $462.27 million during the quarter, compared to the consensus estimate of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.05 EPS. As a group, sell-side analysts anticipate that Quaker Chemical Co. will post 7.78 EPS for the current 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 issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, January 17th. Quaker Chemical's payout ratio is 28.45%.

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.