Quaker Chemical Co. (NYSE:KWR) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its position in Quaker Chemical Co. (NYSE:KWR) by 12.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,794 shares of the specialty chemicals company’s stock after buying an additional 1,329 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.07% of Quaker Chemical worth $1,987,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. First Pacific Financial bought a new stake in Quaker Chemical in the second quarter worth about $25,000. GAMMA Investing LLC grew its stake in shares of Quaker Chemical by 105.3% in the 3rd quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 80 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of 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. nVerses Capital LLC acquired a new stake in Quaker Chemical during the second quarter valued at approximately $136,000. Finally, SG Americas Securities LLC boosted its holdings in Quaker Chemical by 54.5% during the second quarter. SG Americas Securities LLC now owns 1,032 shares of the specialty chemicals company’s stock worth $175,000 after buying an additional 364 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Chemical Stock Down 0.5 %

Shares of Quaker Chemical stock opened at $167.71 on Friday. 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 Co. has a 1 year low of $151.31 and a 1 year high of $221.94. The stock has a 50-day moving average price of $163.45 and a 200 day moving average price of $170.77. The company has a market cap of $2.98 billion, a P/E ratio of 24.59, a P/E/G ratio of 2.07 and a beta of 1.38.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.19). The company had revenue of $462.27 million for the quarter, compared to analyst estimates of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.05 earnings per share. As a group, analysts expect that Quaker Chemical Co. will post 7.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KWR. Royal Bank of Canada cut their price objective on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. StockNews.com lowered Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, Piper Sandler lifted 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 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.