Illinois Municipal Retirement Fund Sells 75 Shares of Quaker Chemical Co. (NYSE:KWR)

Illinois Municipal Retirement Fund decreased its position in Quaker Chemical Co. (NYSE:KWR) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,510 shares of the specialty chemicals company’s stock after selling 75 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Quaker Chemical were worth $1,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of KWR. JPMorgan Chase & Co. lifted its position in Quaker Chemical by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 636,739 shares of the specialty chemicals company’s stock valued at $107,284,000 after purchasing an additional 90,726 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in 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 purchasing an additional 82,843 shares during the last quarter. WCM Investment Management LLC lifted its position in Quaker Chemical by 116.5% in the fourth quarter. WCM Investment Management LLC now owns 117,229 shares of the specialty chemicals company’s stock valued at $16,424,000 after purchasing an additional 63,080 shares during the last quarter. Cerity Partners LLC lifted its position in Quaker Chemical by 485.5% in the third quarter. Cerity Partners LLC now owns 64,631 shares of the specialty chemicals company’s stock valued at $10,890,000 after purchasing an additional 53,592 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Quaker Chemical by 917.6% in the third quarter. Janus Henderson Group PLC now owns 57,370 shares of the specialty chemicals company’s stock valued at $9,666,000 after purchasing an additional 51,732 shares during the last quarter. Institutional investors own 77.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KWR. StockNews.com downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Piper Sandler restated a “neutral” rating and set a $170.00 target price (down previously from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft decreased their target price on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Royal Bank of Canada decreased their target price on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th.

Quaker Chemical Price Performance

Shares of KWR stock opened at $139.01 on Monday. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.62 and a beta of 1.39. The business’s fifty day moving average is $138.20 and its 200 day moving average is $153.42. Quaker Chemical Co. has a twelve month low of $124.66 and a twelve month high of $207.83. 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 (NYSE:KWR) last issued its quarterly earnings results 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). The firm had revenue of $444.09 million during the quarter, compared to analysts’ expectations of $430.47 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. During the same period in the previous year, the company earned $1.78 earnings per share. Research analysts expect that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.

Quaker Chemical Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 annualized dividend and a yield of 1.40%. Quaker Chemical’s payout ratio is 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.