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

D. E. Shaw & Co. Inc. bought a new position in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 about 0.10% of Quaker Chemical at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KWR. Vanguard Group Inc. grew its stake in Quaker Chemical by 1.5% in 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 buying an additional 122,494 shares during the period. Royce & Associates LP lifted its holdings in shares of 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 buying an additional 120,916 shares during the period. Dimensional Fund Advisors LP grew its position in shares of 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of 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 during the period. 77.46% of the stock is owned by hedge funds and other institutional investors.

Quaker Chemical Stock Up 0.0%

Shares of KWR traded up $0.02 during trading hours on Monday, hitting $106.64. The company had a trading volume of 227,460 shares, compared to its average volume of 132,847. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $1.89 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.62 and a beta of 1.42. Quaker Chemical Co. has a one year low of $95.91 and a one year high of $193.74. The company's fifty day moving average price is $109.35 and its two-hundred day moving average price is $131.85.

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 (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 firm had revenue of $442.91 million for the quarter, compared to the consensus estimate of $455.23 million. During the same quarter in the previous year, the firm earned $2.09 EPS. The company's quarterly revenue was down 5.7% compared to the same quarter last year. As a group, equities analysts forecast that Quaker Chemical Co. will post 7.75 earnings per share 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. Investors 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 yield of 1.82%. Quaker Chemical's dividend payout ratio is currently 36.67%.

Wall Street Analysts Forecast Growth

KWR has been the subject of a number of research reports. Wall Street Zen lowered shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Royal Bank of Canada reduced 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. Finally, 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 research report on Wednesday, April 2nd.

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.