Schonfeld Strategic Advisors LLC bought a new stake in Quaker Chemical Co. (NYSE:KWR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,510 shares of the specialty chemicals company's stock, valued at approximately $494,000.
Other large investors also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. purchased a new stake in shares of Quaker Chemical in the 4th quarter valued at $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Quaker Chemical during the fourth quarter worth about $58,000. Covestor Ltd lifted its position in shares of Quaker Chemical by 24.8% during the fourth quarter. Covestor Ltd now owns 665 shares of the specialty chemicals company's stock worth $94,000 after purchasing an additional 132 shares in the last quarter. KBC Group NV boosted its stake in shares of Quaker Chemical by 32.8% in the fourth quarter. KBC Group NV now owns 697 shares of the specialty chemicals company's stock valued at $98,000 after purchasing an additional 172 shares during the period. Finally, Aster Capital Management DIFC Ltd grew its holdings in shares of Quaker Chemical by 10,163.6% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,129 shares of the specialty chemicals company's stock valued at $159,000 after purchasing an additional 1,118 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors and hedge funds.
Quaker Chemical Price Performance
Shares of KWR opened at $103.22 on Friday. The firm's fifty day simple moving average is $115.04 and its 200-day simple moving average is $136.12. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 1.62 and a beta of 1.42. Quaker Chemical Co. has a twelve month low of $95.91 and a twelve month high of $197.03. 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 - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.06. The firm had revenue of $442.91 million for the quarter, compared to the consensus estimate 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 last year, the business posted $2.09 EPS. Equities analysts forecast that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.
Quaker Chemical Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th were paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Wednesday, April 16th. Quaker Chemical's dividend payout ratio (DPR) is 36.67%.
Analysts Set New Price Targets
Several brokerages have commented on KWR. Piper Sandler decreased their price target on shares of Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. StockNews.com cut Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada reduced their price target on Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th.
View Our Latest Research Report on KWR
Quaker Chemical Profile
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Free Report)
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.
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