Integrated Wealth Concepts LLC Purchases Shares of 1,541 Quaker Chemical Co. (NYSE:KWR)

Integrated Wealth Concepts LLC acquired a new position in Quaker Chemical Co. (NYSE:KWR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,541 shares of the specialty chemicals company’s stock, valued at approximately $217,000.

Other large investors have also made changes to their positions in the company. TD Waterhouse Canada Inc. bought a new stake in shares of Quaker Chemical in the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new position in Quaker Chemical in the fourth quarter worth $58,000. Covestor Ltd boosted its stake in Quaker Chemical by 24.8% during the fourth quarter. Covestor Ltd now owns 665 shares of the specialty chemicals company’s stock worth $94,000 after buying an additional 132 shares in the last quarter. KBC Group NV increased its holdings in Quaker Chemical by 32.8% in the 4th quarter. KBC Group NV now owns 697 shares of the specialty chemicals company’s stock valued at $98,000 after buying an additional 172 shares during the period. Finally, Aster Capital Management DIFC Ltd raised its stake in shares of Quaker Chemical by 10,163.6% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,129 shares of the specialty chemicals company’s stock valued at $159,000 after buying an additional 1,118 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Chemical Price Performance

Shares of Quaker Chemical stock opened at $99.63 on Tuesday. Quaker Chemical Co. has a 1-year low of $95.91 and a 1-year high of $197.03. The firm’s 50-day moving average price is $117.81 and its two-hundred day moving average price is $137.51. 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 stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 1.62 and a beta of 1.42.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.06. The firm had revenue of $442.91 million during the quarter, compared to analysts’ expectations of $455.23 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business’s revenue was down 5.7% on a year-over-year basis. During the same period last year, the firm posted $2.09 EPS. On average, equities analysts predict that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th were given a dividend of $0.485 per share. The ex-dividend date was Wednesday, April 16th. This represents a $1.94 annualized dividend and a yield of 1.95%. Quaker Chemical’s dividend payout ratio (DPR) is 36.67%.

Analyst Ratings Changes

KWR has been the topic of a number of analyst reports. StockNews.com cut shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Royal Bank of Canada lowered their price objective on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Finally, Piper Sandler cut their target price on Quaker Chemical from $170.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd.

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.