GAMMA Investing LLC boosted its position in Quaker Chemical Co. (NYSE:KWR - Free Report) by 60,535.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,870 shares of the specialty chemicals company's stock after purchasing an additional 44,796 shares during the quarter. GAMMA Investing LLC owned about 0.25% of Quaker Chemical worth $5,546,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc acquired a new position in Quaker Chemical during the 4th quarter valued at about $211,000. Deutsche Bank AG grew its stake in shares of Quaker Chemical by 117.8% in the 4th quarter. Deutsche Bank AG now owns 18,109 shares of the specialty chemicals company's stock worth $2,549,000 after purchasing an additional 9,796 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Quaker Chemical by 26.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 394,708 shares of the specialty chemicals company's stock worth $53,680,000 after purchasing an additional 82,843 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Quaker Chemical in the 4th quarter worth approximately $422,000. Finally, WCM Investment Management LLC grew its stake in shares of Quaker Chemical by 116.5% in the 4th quarter. WCM Investment Management LLC now owns 117,229 shares of the specialty chemicals company's stock worth $16,424,000 after purchasing an additional 63,080 shares during the last quarter. 77.46% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the stock. Wall Street Zen cut shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Piper Sandler dropped their price target on Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating on the stock in a research 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 shares of Quaker Chemical from a "hold" rating to a "buy" rating and set a $146.00 price target for the company in a report on Monday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $159.25.
Read Our Latest Stock Report on Quaker Chemical
Quaker Chemical Stock Down 4.0%
NYSE KWR traded down $4.80 during trading on Friday, reaching $114.62. The company's stock had a trading volume of 151,557 shares, compared to its average volume of 138,033. 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 stock has a market capitalization of $2.03 billion, a PE ratio of 16.81, a PEG ratio of 1.62 and a beta of 1.38. The business has a 50-day moving average price of $106.81 and a 200-day moving average price of $127.07. Quaker Chemical Co. has a 1-year low of $95.91 and a 1-year high of $193.74.
Quaker Chemical (NYSE:KWR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 EPS for the quarter, beating 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 company 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 posted $2.09 earnings per share. The company's quarterly revenue was down 5.7% compared to the same quarter last year. On average, research analysts forecast that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.
Quaker Chemical Dividend Announcement
The business 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 dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Thursday, July 17th. Quaker Chemical's dividend payout ratio (DPR) is currently 36.67%.
About Quaker Chemical
(
Free Report)
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.
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