CX Institutional Takes $2.60 Million Position in Quaker Chemical Co. (NYSE:KWR)

CX Institutional purchased a new stake in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 20,996 shares of the specialty chemicals company's stock, valued at approximately $2,595,000. CX Institutional owned approximately 0.12% of Quaker Chemical at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. TD Waterhouse Canada Inc. bought a new stake in shares of Quaker Chemical in the 4th quarter valued at approximately $26,000. GAMMA Investing LLC lifted its stake in shares of Quaker Chemical by 390.5% during the 1st quarter. GAMMA Investing LLC now owns 363 shares of the specialty chemicals company's stock worth $45,000 after acquiring an additional 289 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Quaker Chemical during the 4th quarter worth approximately $58,000. Covestor Ltd lifted its stake 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 acquiring an additional 132 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its stake in shares of Quaker Chemical by 10,163.6% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,129 shares of the specialty chemicals company's stock worth $159,000 after acquiring an additional 1,118 shares during the last quarter. Hedge funds and other institutional investors own 77.46% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wall Street Zen lowered Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Jefferies Financial Group raised Quaker Chemical from a "hold" rating to a "buy" rating and set a $146.00 price target for the company in a research note on Monday, June 9th. Piper Sandler decreased their price target on Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada decreased their price target on 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $159.25.

Quaker Chemical Stock Down 4.0%

NYSE KWR traded down $4.80 on Friday, reaching $114.62. 151,557 shares of the stock traded hands, compared to its average volume of 138,033. 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 company has a fifty day moving average price of $106.81 and a 200-day moving average price of $127.07. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.62 and a beta of 1.38. Quaker Chemical Co. has a 12 month low of $95.91 and a 12 month high of $193.74.

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, beating analysts' consensus estimates of $1.52 by $0.06. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business had revenue of $442.91 million during the quarter, compared to analyst estimates of $455.23 million. During the same period in the previous year, the company posted $2.09 EPS. Quaker Chemical's revenue was down 5.7% on a year-over-year basis. As a group, research analysts forecast that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be issued a $0.485 dividend. The ex-dividend date is Thursday, July 17th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.69%. Quaker Chemical's dividend payout ratio is presently 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.