Vanguard Group Inc. Has $230.62 Million Stock Position in Quaker Chemical Co. (NYSE:KWR)

Vanguard Group Inc. lifted its position in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 1.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,638,419 shares of the specialty chemicals company's stock after buying an additional 23,832 shares during the quarter. Vanguard Group Inc. owned about 9.21% of Quaker Chemical worth $230,624,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KWR. JPMorgan Chase & Co. increased its position in Quaker Chemical by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 636,739 shares of the specialty chemicals company's stock worth $107,284,000 after acquiring an additional 90,726 shares during the period. Royce & Associates LP increased its holdings in shares of Quaker Chemical by 27.8% during the fourth quarter. Royce & Associates LP now owns 555,219 shares of the specialty chemicals company's stock worth $78,153,000 after purchasing an additional 120,916 shares during the period. State Street Corp raised its position in shares of Quaker Chemical by 3.8% in 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 in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Quaker Chemical by 26.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 394,708 shares of the specialty chemicals company's stock valued at $53,680,000 after buying an additional 82,843 shares during the period. Finally, Geode Capital Management LLC grew its position in Quaker Chemical by 1.0% during the third quarter. Geode Capital Management LLC now owns 312,784 shares of the specialty chemicals company's stock worth $52,713,000 after buying an additional 3,118 shares in the last quarter. Institutional investors own 77.46% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on KWR. Piper Sandler dropped their price objective on Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. StockNews.com downgraded Quaker Chemical from a "buy" rating to a "hold" rating in a research note 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 note on Wednesday, February 26th.

Quaker Chemical Price Performance

NYSE KWR traded down $7.50 on Thursday, hitting $103.73. 237,011 shares of the company's stock were exchanged, compared to its average volume of 123,772. The stock has a 50-day moving average of $130.23 and a 200-day moving average of $144.80. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 15.21, a P/E/G ratio of 1.62 and a beta of 1.44. Quaker Chemical Co. has a 52 week low of $95.91 and a 52 week high of $197.11. 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 announced its quarterly earnings data on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share 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 business had revenue of $444.09 million for the quarter, compared to the consensus estimate of $430.47 million. During the same quarter in the prior year, the company earned $1.78 earnings per share. Analysts expect that Quaker Chemical Co. will post 7.75 earnings per share for the current year.

Quaker Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.485 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.87%. Quaker Chemical's payout ratio is currently 29.80%.

Quaker Chemical Company 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.