Quest Partners LLC Raises Position in Quaker Chemical Co. (NYSE:KWR)

Quest Partners LLC increased its holdings in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 29.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,203 shares of the specialty chemicals company's stock after acquiring an additional 3,683 shares during the period. Quest Partners LLC owned approximately 0.09% of Quaker Chemical worth $2,730,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KWR. Harbor Capital Advisors Inc. boosted its position in shares of Quaker Chemical by 112.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,903 shares of the specialty chemicals company's stock worth $1,500,000 after purchasing an additional 4,720 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in Quaker Chemical by 46.3% in the first quarter. 1832 Asset Management L.P. now owns 32,570 shares of the specialty chemicals company's stock worth $6,685,000 after acquiring an additional 10,310 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Quaker Chemical by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company's stock worth $22,193,000 after acquiring an additional 3,441 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Quaker Chemical by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company's stock worth $329,942,000 after purchasing an additional 8,484 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in Quaker Chemical by 68.3% in the 2nd quarter. ProShare Advisors LLC now owns 67,812 shares of the specialty chemicals company's stock worth $11,508,000 after purchasing an additional 27,514 shares in the last quarter. Hedge funds and other institutional investors own 77.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KWR. Royal Bank of Canada reduced their price objective on shares of Quaker Chemical from $195.00 to $180.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a "buy" rating for the company in a research report on Monday, November 4th. Piper Sandler upped their price objective on Quaker Chemical from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. Finally, StockNews.com lowered Quaker Chemical from a "buy" rating to a "hold" rating in a report on Thursday, November 7th.

Quaker Chemical Stock Performance

KWR stock traded down $0.48 on Monday, hitting $167.23. The company had a trading volume of 46,743 shares, compared to its average volume of 95,474. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 24.52, a P/E/G ratio of 2.02 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. The stock's 50-day simple moving average is $163.61 and its 200 day simple moving average is $170.46. 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 released its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.08 by ($0.19). The firm had revenue of $462.27 million during the quarter, compared to analysts' expectations of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business's quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the business earned $2.05 earnings per share. As a group, equities research analysts expect that Quaker Chemical Co. will post 7.78 earnings per share for the current fiscal year.

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.