Quaker Chemical Co. (NYSE:KWR) Stock Holdings Increased by Intech Investment Management LLC

Intech Investment Management LLC grew its position in shares of Quaker Chemical Co. (NYSE:KWR) by 79.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,321 shares of the specialty chemicals company’s stock after buying an additional 2,791 shares during the period. Intech Investment Management LLC’s holdings in Quaker Chemical were worth $1,065,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in KWR. Allspring Global Investments Holdings LLC boosted its holdings in Quaker Chemical by 337.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 224,008 shares of the specialty chemicals company’s stock worth $38,014,000 after purchasing an additional 172,750 shares during the period. Marshall Wace LLP boosted its holdings in shares of Quaker Chemical by 2,077.7% in the 2nd quarter. Marshall Wace LLP now owns 138,239 shares of the specialty chemicals company’s stock valued at $23,459,000 after buying an additional 131,891 shares during the period. WCM Investment Management LLC bought a new stake in shares of Quaker Chemical during the 3rd quarter valued at about $9,288,000. Dimensional Fund Advisors LP raised its stake in Quaker Chemical by 14.8% during the second quarter. Dimensional Fund Advisors LP now owns 359,617 shares of the specialty chemicals company’s stock worth $61,027,000 after acquiring an additional 46,240 shares during the period. Finally, F M Investments LLC bought a new position in Quaker Chemical in the second quarter worth about $5,189,000. Institutional investors and hedge funds own 77.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KWR shares. Royal Bank of Canada lowered their target price on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Piper Sandler increased their target price on Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Monday, November 4th.

Insider Activity

In other Quaker Chemical news, EVP Jeewat Bijlani sold 645 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $165.98, for a total value of $107,057.10. Following the completion of the sale, the executive vice president now directly owns 4,747 shares of the company’s stock, valued at approximately $787,907.06. This represents a 11.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Slinkman sold 1,700 shares of Quaker Chemical stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $167.80, for a total transaction of $285,260.00. Following the completion of the transaction, the senior vice president now directly owns 2,825 shares in the company, valued at $474,035. This represents a 37.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Quaker Chemical Stock Performance

Shares of KWR stock opened at $155.94 on Thursday. Quaker Chemical Co. has a 12-month low of $151.31 and a 12-month high of $221.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 1.96 and a beta of 1.38. The business has a 50 day simple moving average of $163.60 and a 200 day simple moving average of $169.47.

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

Quaker Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Friday, January 17th. Quaker Chemical’s dividend payout ratio is currently 28.45%.

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.