Envestnet Asset Management Inc. Lowers Stock Holdings in Quaker Chemical Co. (NYSE:KWR)

Envestnet Asset Management Inc. trimmed its holdings in Quaker Chemical Co. (NYSE:KWR - Free Report) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,404 shares of the specialty chemicals company's stock after selling 3,644 shares during the quarter. Envestnet Asset Management Inc. owned about 0.47% of Quaker Chemical worth $11,740,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Quaker Chemical during the 4th quarter worth $327,000. Wells Fargo & Company MN increased its position in Quaker Chemical by 14.2% during the fourth quarter. Wells Fargo & Company MN now owns 15,122 shares of the specialty chemicals company's stock worth $2,129,000 after buying an additional 1,877 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Quaker Chemical by 32.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 205,771 shares of the specialty chemicals company's stock valued at $28,964,000 after acquiring an additional 50,758 shares during the period. Headlands Technologies LLC purchased a new position in shares of Quaker Chemical during the fourth quarter worth approximately $194,000. Finally, Franklin Resources Inc. raised its position in Quaker Chemical by 11.1% in the 4th quarter. Franklin Resources Inc. now owns 14,982 shares of the specialty chemicals company's stock valued at $2,109,000 after purchasing an additional 1,499 shares during the last quarter. Institutional investors and hedge funds own 77.46% of the company's stock.

Quaker Chemical Price Performance

Shares of NYSE:KWR traded up $1.89 during trading on Tuesday, hitting $102.52. 59,364 shares of the stock were exchanged, compared to its average volume of 126,111. Quaker Chemical Co. has a 12-month low of $95.91 and a 12-month high of $197.03. The company has a market cap of $1.81 billion, a PE ratio of 15.06, a P/E/G ratio of 1.62 and a beta of 1.44. The company has a fifty day moving average price of $125.30 and a two-hundred day moving average price of $141.55. 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 released its quarterly earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.29). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The business had revenue of $444.09 million during the quarter, compared to analyst estimates of $430.47 million. During the same quarter in the prior year, the company earned $1.78 earnings per share. 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 announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 dividend on an annualized basis and a yield of 1.89%. Quaker Chemical's dividend payout ratio (DPR) is 29.80%.

Analyst Upgrades and Downgrades

KWR has been the subject of a number of research reports. Piper Sandler reduced their target price on shares of Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Royal Bank of Canada lowered their price objective on shares of 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, StockNews.com downgraded shares of Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th.

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.