Bank of America Corp DE Acquires 2,794 Shares of Quaker Chemical Co. (NYSE:KWR)

Bank of America Corp DE grew its position in Quaker Chemical Co. (NYSE:KWR - Free Report) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 134,818 shares of the specialty chemicals company's stock after acquiring an additional 2,794 shares during the period. Bank of America Corp DE owned 0.76% of Quaker Chemical worth $18,977,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KWR. Raymond James Financial Inc. bought a new position in shares of Quaker Chemical in the fourth quarter valued at approximately $28,978,000. JPMorgan Chase & Co. increased its holdings in shares of Quaker Chemical by 19.2% in 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 in the last quarter. Royce & Associates LP increased its holdings in shares of Quaker Chemical by 27.8% in the fourth quarter. Royce & Associates LP now owns 555,219 shares of the specialty chemicals company's stock valued at $78,153,000 after purchasing an additional 120,916 shares in the last quarter. Norges Bank acquired a new stake in shares of Quaker Chemical in the fourth quarter valued at approximately $13,399,000. Finally, Marshall Wace LLP increased its holdings in shares of Quaker Chemical by 92.3% in the fourth quarter. Marshall Wace LLP now owns 187,715 shares of the specialty chemicals company's stock valued at $26,423,000 after purchasing an additional 90,078 shares in the last quarter. Institutional investors own 77.46% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KWR shares. Royal Bank of Canada lowered their price target on shares of Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Piper Sandler lowered 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. Finally, Wall Street Zen lowered shares of Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th.

Quaker Chemical Stock Up 0.0%

NYSE:KWR traded up $0.02 on Friday, hitting $106.64. 227,460 shares of the company's stock were exchanged, compared to its average volume of 132,847. The firm has a 50-day moving average price of $109.82 and a 200-day moving average price of $132.30. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. Quaker Chemical Co. has a 52 week low of $95.91 and a 52 week high of $193.74. The company has a market cap of $1.89 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 1.62 and a beta of 1.42.

Quaker Chemical (NYSE:KWR - Get Free Report) last announced 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 business had revenue of $442.91 million for the quarter, compared to analyst estimates of $455.23 million. During the same quarter in the prior year, the business earned $2.09 EPS. Quaker Chemical's quarterly revenue was down 5.7% on a year-over-year basis. As a group, analysts expect that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

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

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.