Quaker Chemical Co. (NYSE:KWR) Stock Position Lifted by Bank of America Corp DE

Bank of America Corp DE lifted its position in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 2.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 134,818 shares of the specialty chemicals company's stock after purchasing an additional 2,794 shares during the quarter. Bank of America Corp DE owned about 0.76% of Quaker Chemical worth $18,977,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 23,832 shares during the period. JPMorgan Chase & Co. boosted its holdings in Quaker Chemical by 19.2% in the 4th quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company's stock worth $106,870,000 after acquiring an additional 122,494 shares during the period. Royce & Associates LP boosted its holdings in Quaker Chemical by 27.8% in the 4th quarter. Royce & Associates LP now owns 555,219 shares of the specialty chemicals company's stock worth $78,153,000 after acquiring an additional 120,916 shares during the period. Dimensional Fund Advisors LP boosted its holdings in 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 worth $62,689,000 after acquiring an additional 51,393 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Quaker Chemical by 26.6% in 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 acquiring an additional 82,843 shares during the period. Hedge funds and other institutional investors own 77.46% of the company's stock.

Wall Street Analyst Weigh In

KWR has been the subject of a number of analyst reports. Wall Street Zen cut Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Piper Sandler cut their target price on Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada dropped 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.

Quaker Chemical Stock Performance

NYSE KWR traded up $2.47 during trading hours on Thursday, hitting $106.61. The company had a trading volume of 231,992 shares, compared to its average volume of 132,025. Quaker Chemical Co. has a fifty-two week low of $95.91 and a fifty-two week high of $193.74. 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 business has a fifty day simple moving average of $110.28 and a 200-day simple moving average of $133.26. The firm has a market cap of $1.88 billion, a P/E ratio of 15.63, a price-to-earnings-growth ratio of 1.62 and a beta of 1.42.

Quaker Chemical (NYSE:KWR - Get Free Report) last issued its earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.06. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm had revenue of $442.91 million for the quarter, compared to analyst estimates of $455.23 million. During the same period last year, the company earned $2.09 earnings per share. The firm's revenue for the quarter was down 5.7% on a year-over-year basis. Equities analysts predict that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $1.94 annualized dividend and a dividend yield of 1.82%. Quaker Chemical's payout ratio is 36.67%.

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.