Brown Advisory Inc. Reduces Stock Position in Quaker Chemical Co. (NYSE:KWR)

Brown Advisory Inc. cut its holdings in Quaker Chemical Co. (NYSE:KWR - Free Report) by 58.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 148,651 shares of the specialty chemicals company's stock after selling 212,647 shares during the period. Brown Advisory Inc. owned approximately 0.84% of Quaker Chemical worth $20,924,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. TD Waterhouse Canada Inc. bought a new position in shares of Quaker Chemical during the fourth quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC bought a new position in Quaker Chemical in the fourth quarter worth about $58,000. Covestor Ltd raised its stake in Quaker Chemical by 24.8% in the fourth quarter. Covestor Ltd now owns 665 shares of the specialty chemicals company's stock worth $94,000 after buying an additional 132 shares in the last quarter. KBC Group NV raised its stake in Quaker Chemical by 32.8% in the fourth quarter. KBC Group NV now owns 697 shares of the specialty chemicals company's stock worth $98,000 after buying an additional 172 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its stake in 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 worth $159,000 after buying an additional 1,118 shares in the last quarter. 77.46% of the stock is owned by institutional investors.

Quaker Chemical Stock Up 5.2%

Shares of NYSE:KWR traded up $5.43 during trading on Monday, reaching $108.83. 28,670 shares of the stock traded hands, compared to its average volume of 130,056. The stock has a 50-day moving average of $115.04 and a two-hundred day moving average of $135.99. Quaker Chemical Co. has a 52-week low of $95.91 and a 52-week high of $197.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The stock has a market cap of $1.92 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 1.62 and a beta of 1.42.

Quaker Chemical (NYSE:KWR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $455.23 million. During the same quarter in the prior year, the company posted $2.09 earnings per share. The business's revenue for the quarter was down 5.7% on a year-over-year basis. As a group, sell-side analysts expect that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders 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 dividend yield of 1.78%. The ex-dividend date of this dividend was Wednesday, April 16th. Quaker Chemical's payout ratio is 36.67%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. 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 note on Wednesday, April 2nd. StockNews.com cut shares of Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, 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 note on Wednesday, February 26th.

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.