CX Institutional Purchases New Stake in Quaker Chemical Co. (NYSE:KWR)

CX Institutional bought a new position in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,996 shares of the specialty chemicals company's stock, valued at approximately $2,595,000. CX Institutional owned about 0.12% of Quaker Chemical at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. purchased a new stake in Quaker Chemical in the fourth quarter valued at approximately $26,000. GAMMA Investing LLC grew its holdings in Quaker Chemical by 390.5% in the first quarter. GAMMA Investing LLC now owns 363 shares of the specialty chemicals company's stock valued at $45,000 after purchasing an additional 289 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in Quaker Chemical in the fourth quarter valued at approximately $58,000. Covestor Ltd grew its holdings in Quaker Chemical by 24.8% in the fourth quarter. Covestor Ltd now owns 665 shares of the specialty chemicals company's stock valued at $94,000 after purchasing an additional 132 shares during the period. Finally, Aster Capital Management DIFC Ltd grew its holdings 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 valued at $159,000 after purchasing an additional 1,118 shares during the period. Institutional investors and hedge funds own 77.46% of the company's stock.

Quaker Chemical Trading Down 4.0%

KWR traded down $4.80 during trading on Friday, hitting $114.62. 151,557 shares of the company's stock were exchanged, compared to its average volume of 137,982. 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 Co. has a 1 year low of $95.91 and a 1 year high of $193.74. The stock has a 50 day moving average price of $106.81 and a 200 day moving average price of $126.67. The firm has a market cap of $2.03 billion, a P/E ratio of 16.81, a price-to-earnings-growth ratio of 1.62 and a beta of 1.38.

Quaker Chemical (NYSE:KWR - Get Free Report) last posted its earnings results 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 business had revenue of $442.91 million for the quarter, compared to analysts' expectations of $455.23 million. During the same period in the previous year, the company posted $2.09 earnings per share. The business's revenue for the quarter was down 5.7% compared to the same quarter last year. As a group, analysts expect that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.

Quaker Chemical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.69%. Quaker Chemical's payout ratio is currently 36.67%.

Analyst Upgrades and Downgrades

KWR has been the subject of a number of recent analyst reports. Piper Sandler lowered their target price 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. Jefferies Financial Group upgraded shares of Quaker Chemical from a "hold" rating to a "buy" rating and set a $146.00 target price for the company in a report on Monday, June 9th. Wall Street Zen downgraded shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada decreased their price objective 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. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $159.25.

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.