Two Sigma Securities LLC Acquires New Position in Quaker Chemical Co. (NYSE:KWR)

Two Sigma Securities LLC bought a new position in shares of Quaker Chemical Co. (NYSE:KWR) in the fourth quarter, Holdings Channel reports. The firm bought 2,650 shares of the specialty chemicals company’s stock, valued at approximately $373,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Quaker Chemical by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 1,638,419 shares of the specialty chemicals company’s stock worth $230,624,000 after acquiring an additional 23,832 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Quaker Chemical by 19.2% during the fourth quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company’s stock worth $106,870,000 after purchasing an additional 122,494 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Quaker Chemical by 27.8% in the 4th quarter. Royce & Associates LP now owns 555,219 shares of the specialty chemicals company’s stock valued at $78,153,000 after buying an additional 120,916 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Quaker Chemical by 13.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 445,365 shares of the specialty chemicals company’s stock valued at $62,689,000 after buying an additional 51,393 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Quaker Chemical by 26.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 394,708 shares of the specialty chemicals company’s stock worth $53,680,000 after buying an additional 82,843 shares during the period. Institutional investors own 77.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank of Canada decreased their price objective on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Piper Sandler reduced their price target on shares of Quaker Chemical from $170.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. Finally, StockNews.com lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th.

Quaker Chemical Stock Down 0.5 %

NYSE:KWR opened at $105.08 on Monday. The company has a market cap of $1.86 billion, a PE ratio of 15.41, a PEG ratio of 1.62 and a beta of 1.44. The stock has a 50-day simple moving average of $122.37 and a 200 day simple moving average of $139.98. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. Quaker Chemical Co. has a 52-week low of $95.91 and a 52-week high of $197.03.

Quaker Chemical (NYSE:KWR) last announced its quarterly earnings data 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). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The company had revenue of $444.09 million during the quarter, compared to the consensus estimate of $430.47 million. During the same quarter in the previous year, the business earned $1.78 EPS. On average, sell-side analysts expect that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 dividend on an annualized basis and a yield of 1.85%. Quaker Chemical’s payout ratio is 29.80%.

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.