Royce & Associates LP Boosts Holdings in Quaker Chemical Co. (NYSE:KWR)

Royce & Associates LP lifted its stake in Quaker Chemical Co. (NYSE:KWR - Free Report) by 27.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 555,219 shares of the specialty chemicals company's stock after buying an additional 120,916 shares during the quarter. Quaker Chemical comprises 0.7% of Royce & Associates LP's portfolio, making the stock its 13th biggest holding. Royce & Associates LP owned 3.12% of Quaker Chemical worth $78,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in KWR. Wealthfront Advisers LLC bought a new stake in Quaker Chemical during the 4th quarter worth approximately $1,777,000. Amundi increased its stake in shares of Quaker Chemical by 191.2% in the fourth quarter. Amundi now owns 7,215 shares of the specialty chemicals company's stock worth $947,000 after purchasing an additional 4,737 shares in the last quarter. Inceptionr LLC raised its position in shares of Quaker Chemical by 217.3% during the 4th quarter. Inceptionr LLC now owns 4,724 shares of the specialty chemicals company's stock valued at $665,000 after purchasing an additional 3,235 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Quaker Chemical during the 4th quarter valued at $28,978,000. Finally, Aigen Investment Management LP bought a new position in Quaker Chemical in the 4th quarter worth $378,000. 77.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KWR shares. Piper Sandler restated a "neutral" rating and issued a $170.00 price objective (down from $200.00) on shares of Quaker Chemical in a research report on Tuesday, January 7th. StockNews.com cut Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Royal Bank of Canada reduced 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.

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Quaker Chemical Price Performance

Shares of KWR stock traded down $0.44 during trading hours on Thursday, hitting $129.65. The stock had a trading volume of 113,720 shares, compared to its average volume of 106,558. The stock's 50-day moving average price is $136.90 and its two-hundred day moving average price is $150.59. Quaker Chemical Co. has a one year low of $124.66 and a one year high of $207.83. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 1.62 and a beta of 1.43. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88.

Quaker Chemical (NYSE:KWR - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.29). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm had revenue of $444.09 million for the quarter, compared to analysts' expectations of $430.47 million. During the same period last year, the company earned $1.78 earnings per share. Equities analysts forecast that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Wednesday, April 16th. Quaker Chemical's payout ratio is 29.80%.

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.