GAMMA Investing LLC Has $5.55 Million Stock Holdings in Quaker Chemical Co. (NYSE:KWR)

GAMMA Investing LLC increased its position in Quaker Chemical Co. (NYSE:KWR - Free Report) by 60,535.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,870 shares of the specialty chemicals company's stock after buying an additional 44,796 shares during the period. GAMMA Investing LLC owned 0.25% of Quaker Chemical worth $5,546,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KWR. WCM Investment Management LLC raised its holdings in shares of Quaker Chemical by 116.5% during the 4th quarter. WCM Investment Management LLC now owns 117,229 shares of the specialty chemicals company's stock valued at $16,424,000 after purchasing an additional 63,080 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings 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. Rhumbline Advisers raised its holdings in Quaker Chemical by 1.1% during the fourth quarter. Rhumbline Advisers now owns 41,721 shares of the specialty chemicals company's stock valued at $5,873,000 after buying an additional 438 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Quaker Chemical by 8.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 12,846 shares of the specialty chemicals company's stock worth $1,808,000 after buying an additional 1,052 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Quaker Chemical by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 73,761 shares of the specialty chemicals company's stock worth $10,383,000 after acquiring an additional 2,285 shares in the last quarter. Institutional investors own 77.46% of the company's stock.

Quaker Chemical Stock Performance

NYSE:KWR traded up $0.91 during trading hours on Thursday, hitting $121.00. 82,183 shares of the company traded hands, compared to its average volume of 137,346. 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 twelve month low of $95.91 and a twelve month high of $193.74. The firm has a 50-day moving average of $106.10 and a 200 day moving average of $127.67. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 17.74, a P/E/G ratio of 1.62 and a beta of 1.38.

Quaker Chemical (NYSE:KWR - Get Free Report) last released its earnings results 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 business had revenue of $442.91 million during the quarter, compared to analysts' expectations of $455.23 million. During the same quarter last year, the company earned $2.09 earnings per share. The firm's revenue was down 5.7% on a year-over-year basis. On average, analysts forecast that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Dividend Announcement

The company also recently disclosed 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. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Thursday, July 17th. Quaker Chemical's dividend payout ratio is presently 36.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on KWR shares. Wall Street Zen lowered Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Piper Sandler dropped their target price on shares of Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Royal Bank of Canada decreased 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, Jefferies Financial Group upgraded Quaker Chemical from a "hold" rating to a "buy" rating and set a $146.00 price objective on the stock in a research note on Monday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Quaker Chemical presently has a consensus rating of "Moderate Buy" and a consensus target price of $159.25.

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.