Quaker Chemical Co. (NYSE:KWR) Shares Acquired by State Street Corp

State Street Corp lifted its stake in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 3.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 554,612 shares of the specialty chemicals company's stock after buying an additional 20,059 shares during the quarter. State Street Corp owned about 3.12% of Quaker Chemical worth $93,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of KWR. GAMMA Investing LLC raised its stake in Quaker Chemical by 105.3% during the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company's stock valued at $26,000 after buying an additional 80 shares during the last quarter. Fifth Third Bancorp boosted its stake in Quaker Chemical by 36.8% in the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company's stock worth $49,000 after purchasing an additional 77 shares in the last quarter. KBC Group NV grew its position in Quaker Chemical by 50.9% during the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company's stock valued at $88,000 after purchasing an additional 177 shares during the last quarter. nVerses Capital LLC bought a new stake in Quaker Chemical during the 2nd quarter valued at about $136,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in Quaker Chemical by 100.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company's stock worth $153,000 after buying an additional 453 shares during the last quarter. 77.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP David Slinkman sold 1,700 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $167.80, for a total value of $285,260.00. Following the completion of the sale, the senior vice president now directly owns 2,825 shares of the company's stock, valued at approximately $474,035. This represents a 37.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeewat Bijlani sold 645 shares of Quaker Chemical stock in a transaction 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Quaker Chemical Stock Performance

Shares of KWR traded down $2.90 during trading hours on Tuesday, reaching $148.17. 112,802 shares of the company traded hands, compared to its average volume of 96,758. The business has a fifty day moving average price of $160.61 and a 200-day moving average price of $166.43. The stock has a market capitalization of $2.64 billion, a P/E ratio of 21.71, a P/E/G ratio of 1.84 and a beta of 1.38. 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 Co. has a 12-month low of $147.81 and a 12-month high of $221.94.

Quaker Chemical (NYSE:KWR - Get Free Report) last released its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share for the quarter, missing the consensus estimate 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 net margin of 6.58% and a return on equity of 10.10%. The business's revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.05 EPS. Equities analysts anticipate that Quaker Chemical Co. will post 7.78 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.485 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.94 annualized dividend and a yield of 1.31%. Quaker Chemical's dividend payout ratio is presently 28.45%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. StockNews.com raised Quaker Chemical from a "hold" rating to a "buy" rating in a research report on Thursday, November 28th. Deutsche Bank Aktiengesellschaft reduced their price target on Quaker Chemical from $190.00 to $182.00 and set a "buy" rating for the company in a research report on Monday, November 4th. Royal Bank of Canada decreased their price objective on shares of Quaker Chemical from $195.00 to $180.00 and set an "outperform" rating on the stock in a research report on Monday, November 4th. Finally, Piper Sandler upped their target price on shares of Quaker Chemical from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th.

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.