Quaker Chemical Co. (NYSE:KWR) Shares Purchased by Royce & Associates LP

Royce & Associates LP increased its position in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 5.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 434,303 shares of the specialty chemicals company's stock after purchasing an additional 21,986 shares during the period. Quaker Chemical makes up approximately 0.7% of Royce & Associates LP's portfolio, making the stock its 19th largest position. Royce & Associates LP owned about 2.44% of Quaker Chemical worth $73,176,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Quaker Chemical by 0.5% during 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 in the last quarter. Copeland Capital Management LLC increased its holdings in Quaker Chemical by 0.7% in 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 valued at $61,027,000 after acquiring an additional 46,240 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Quaker Chemical by 39.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 311,865 shares of the specialty chemicals company's stock valued at $52,546,000 after acquiring an additional 87,857 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Quaker Chemical by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 138,878 shares of the specialty chemicals company's stock worth $23,568,000 after acquiring an additional 4,733 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company's stock.

Analyst Ratings Changes

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

Quaker Chemical Trading Down 0.5 %

KWR traded down $0.87 during midday trading on Friday, hitting $167.71. The company's stock had a trading volume of 77,458 shares, compared to its average volume of 95,724. The firm has a market cap of $2.98 billion, a P/E ratio of 24.71, a PEG ratio of 2.07 and a beta of 1.38. Quaker Chemical Co. has a 52-week low of $151.31 and a 52-week high of $221.94. 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 firm has a 50-day moving average price of $163.32 and a two-hundred day moving average price of $171.03.

Quaker Chemical (NYSE:KWR - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share for the quarter, missing analysts' consensus estimates of $2.08 by ($0.19). The company had revenue of $462.27 million for 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 revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.05 EPS. On average, research analysts anticipate that Quaker Chemical Co. will post 7.78 earnings per share for the current 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.