Mutual of America Capital Management LLC Acquires 12,455 Shares of Quaker Chemical Co. (NYSE:KWR)

Mutual of America Capital Management LLC raised its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 512.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,884 shares of the specialty chemicals company’s stock after purchasing an additional 12,455 shares during the quarter. Mutual of America Capital Management LLC owned 0.08% of Quaker Chemical worth $3,177,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wakefield Asset Management LLLP bought a new stake in shares of Quaker Chemical in the 4th quarter worth $989,000. Buck Wealth Strategies LLC grew its stake in shares of Quaker Chemical by 90.1% in the 4th quarter. Buck Wealth Strategies LLC now owns 977 shares of the specialty chemicals company’s stock worth $209,000 after acquiring an additional 463 shares in the last quarter. Perfromance Wealth Partners LLC bought a new stake in shares of Quaker Chemical in the 4th quarter worth $213,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Quaker Chemical in the 4th quarter worth $50,000. Finally, Rockwood Wealth Management LLC bought a new stake in shares of Quaker Chemical in the 4th quarter worth $957,000. Institutional investors own 77.46% of the company’s stock.

Quaker Chemical Stock Performance

NYSE KWR opened at $188.43 on Thursday. Quaker Chemical Co. has a 52-week low of $138.67 and a 52-week high of $221.94. The company has a 50-day simple moving average of $198.99 and a 200 day simple moving average of $186.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.89 and a current ratio of 2.52. The company has a market capitalization of $3.39 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 1.47 and a beta of 1.49.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings data on Friday, March 1st. The specialty chemicals company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.11. Quaker Chemical had a net margin of 5.77% and a return on equity of 10.22%. The business had revenue of $467.11 million during the quarter, compared to the consensus estimate of $470.55 million. During the same quarter last year, the company posted $1.39 earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, research analysts predict that Quaker Chemical Co. will post 8.69 EPS for the current year.

Quaker Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a dividend of $0.455 per share. The ex-dividend date is Monday, April 15th. This represents a $1.82 dividend on an annualized basis and a yield of 0.97%. Quaker Chemical’s dividend payout ratio (DPR) is presently 29.07%.

Quaker Chemical declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 28th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the specialty chemicals company to buy up to 4.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Royal Bank of Canada upped their target price on shares of Quaker Chemical from $200.00 to $223.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th.

About Quaker Chemical

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.