Quaker Chemical Co. (NYSE:KWR) Holdings Raised by Northern Trust Corp

Northern Trust Corp increased its position in shares of Quaker Chemical Co. (NYSE:KWR) by 16.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 208,105 shares of the specialty chemicals company’s stock after purchasing an additional 29,113 shares during the period. Northern Trust Corp’s holdings in Quaker Chemical were worth $29,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Quaker Chemical in the 4th quarter worth about $28,978,000. JPMorgan Chase & Co. grew its holdings 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 valued at $106,870,000 after purchasing an additional 122,494 shares during the last quarter. Royce & Associates LP raised its position in shares of Quaker Chemical by 27.8% during the 4th quarter. Royce & Associates LP now owns 555,219 shares of the specialty chemicals company’s stock worth $78,153,000 after purchasing an additional 120,916 shares during the period. Norges Bank bought a new stake in shares of Quaker Chemical in the 4th quarter worth approximately $13,399,000. Finally, Marshall Wace LLP grew its stake in Quaker Chemical by 92.3% during the 4th quarter. Marshall Wace LLP now owns 187,715 shares of the specialty chemicals company’s stock worth $26,423,000 after buying an additional 90,078 shares during the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Chemical Stock Down 1.2 %

Quaker Chemical stock opened at $103.22 on Friday. Quaker Chemical Co. has a 52 week low of $95.91 and a 52 week high of $197.03. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 1.62 and a beta of 1.42. The company’s 50-day moving average price is $115.04 and its two-hundred day moving average price is $136.12. 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 (NYSE:KWR) last announced its earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.52 by $0.06. The firm had revenue of $442.91 million for the quarter, compared to analysts’ expectations of $455.23 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.09 earnings per share. On average, 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 was paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th were issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Wednesday, April 16th. Quaker Chemical’s payout ratio is currently 36.67%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KWR. 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. Royal Bank of Canada decreased their target price on shares of Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Finally, StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th.

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.