WCM Investment Management LLC Raises Position in Quaker Chemical Co. (NYSE:KWR)

WCM Investment Management LLC grew its position in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 116.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,229 shares of the specialty chemicals company's stock after acquiring an additional 63,080 shares during the period. WCM Investment Management LLC owned about 0.66% of Quaker Chemical worth $16,424,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Quaker Chemical by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 636,739 shares of the specialty chemicals company's stock valued at $107,284,000 after buying an additional 90,726 shares during the period. State Street Corp increased 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 valued at $93,447,000 after buying an additional 20,059 shares during the period. Royce & Associates LP increased its position in shares of Quaker Chemical by 5.3% during the third quarter. Royce & Associates LP now owns 434,303 shares of the specialty chemicals company's stock valued at $73,176,000 after buying an additional 21,986 shares during the period. Copeland Capital Management LLC increased its position in shares of Quaker Chemical by 0.7% during the third quarter. Copeland Capital Management LLC now owns 388,719 shares of the specialty chemicals company's stock valued at $65,495,000 after buying an additional 2,592 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Quaker Chemical by 1.0% in the third quarter. Geode Capital Management LLC now owns 312,784 shares of the specialty chemicals company's stock worth $52,713,000 after purchasing an additional 3,118 shares during the period. 77.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Quaker Chemical from a "hold" rating to a "buy" rating in a report on Thursday, November 28th. Piper Sandler restated a "neutral" rating and issued a $170.00 price objective (down previously from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th. Royal Bank of Canada cut their price objective on shares of Quaker Chemical from $195.00 to $180.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Quaker Chemical from $190.00 to $182.00 and set a "buy" rating on the stock in a report on Monday, November 4th.

Insider Transactions at Quaker Chemical

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

Quaker Chemical Stock Up 2.1 %

Shares of NYSE KWR traded up $2.85 during midday trading on Thursday, hitting $141.04. The stock had a trading volume of 95,947 shares, compared to its average volume of 151,481. The business's 50 day moving average is $140.07 and its 200-day moving average is $155.56. The company has a market cap of $2.51 billion, a P/E ratio of 20.68, a PEG ratio of 1.54 and a beta of 1.39. Quaker Chemical Co. has a 52 week low of $124.66 and a 52 week high of $207.83. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48.

Quaker Chemical Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a $0.485 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $1.94 annualized dividend and a dividend yield of 1.38%. Quaker Chemical's dividend payout ratio is presently 28.45%.

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.