D. E. Shaw & Co. Inc. Makes New $2.44 Million Investment in Quaker Chemical Co. (NYSE:KWR)

D. E. Shaw & Co. Inc. bought a new stake in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,306 shares of the specialty chemicals company's stock, valued at approximately $2,436,000. D. E. Shaw & Co. Inc. owned approximately 0.10% of Quaker Chemical as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Quaker Chemical by 1.5% during the fourth 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. increased its stake 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 purchasing an additional 122,494 shares in the last quarter. Royce & Associates LP increased its stake 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 purchasing an additional 120,916 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Quaker Chemical by 13.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 445,365 shares of the specialty chemicals company's stock worth $62,689,000 after buying an additional 51,393 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in Quaker Chemical by 26.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 394,708 shares of the specialty chemicals company's stock valued at $53,680,000 after buying an additional 82,843 shares in the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.

Quaker Chemical Stock Up 0.0%

Shares of KWR traded up $0.02 during midday trading on Friday, reaching $106.64. 227,460 shares of the stock were exchanged, compared to its average volume of 132,847. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 1.62 and a beta of 1.42. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. Quaker Chemical Co. has a 12-month low of $95.91 and a 12-month high of $193.74. The firm has a 50 day simple moving average of $109.82 and a 200-day simple moving average of $132.56.

Quaker Chemical (NYSE:KWR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The specialty chemicals company reported $1.58 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $455.23 million. During the same quarter last year, the firm earned $2.09 earnings per share. The company's revenue for the quarter was down 5.7% on a year-over-year basis. Research analysts forecast that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be given 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 1.82%. Quaker Chemical's dividend payout ratio is currently 36.67%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Piper Sandler lowered their price objective on shares of 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 reduced their target price on Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th.

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.