BNP Paribas Financial Markets Sells 5,280 Shares of Quaker Chemical Co. (NYSE:KWR)

BNP Paribas Financial Markets lessened its position in Quaker Chemical Co. (NYSE:KWR - Free Report) by 23.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,264 shares of the specialty chemicals company's stock after selling 5,280 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.10% of Quaker Chemical worth $2,430,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of KWR. Bridge City Capital LLC boosted its stake in shares of Quaker Chemical by 0.5% during the 4th quarter. Bridge City Capital LLC now owns 16,107 shares of the specialty chemicals company's stock worth $2,267,000 after buying an additional 85 shares during the last quarter. Covestor Ltd increased its position in shares of Quaker Chemical by 24.8% during the 4th quarter. Covestor Ltd now owns 665 shares of the specialty chemicals company's stock worth $94,000 after purchasing an additional 132 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of Quaker Chemical by 9.2% during the 4th quarter. Park Avenue Securities LLC now owns 1,729 shares of the specialty chemicals company's stock worth $243,000 after purchasing an additional 146 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Quaker Chemical by 5.1% during the 4th quarter. Corient Private Wealth LLC now owns 3,095 shares of the specialty chemicals company's stock worth $436,000 after purchasing an additional 149 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of Quaker Chemical by 32.8% in the 4th quarter. KBC Group NV now owns 697 shares of the specialty chemicals company's stock valued at $98,000 after buying an additional 172 shares during the last quarter. Institutional investors and hedge funds own 77.46% of the company's stock.

Wall Street Analysts Forecast Growth

KWR has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Piper Sandler decreased their price objective 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. Finally, Royal Bank of Canada lowered their price objective on shares of Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th.

Quaker Chemical Stock Performance

Shares of NYSE KWR traded up $0.90 during midday trading on Thursday, hitting $105.04. 26,358 shares of the company's stock were exchanged, compared to its average volume of 131,515. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.86 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.62 and a beta of 1.42. Quaker Chemical Co. has a 12 month low of $95.91 and a 12 month high of $195.27. The company's 50 day moving average price is $110.68 and its 200 day moving average price is $133.63.

Quaker Chemical (NYSE:KWR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The specialty chemicals company reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.06. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm had revenue of $442.91 million during the quarter, compared to analysts' expectations of $455.23 million. During the same period in the previous year, the business posted $2.09 earnings per share. The company's revenue for the quarter was down 5.7% compared to the same quarter last year. As a group, analysts predict that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Thursday, July 17th. Quaker Chemical's payout ratio is 36.67%.

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.