Harbor Capital Advisors Inc. Grows Stock Position in Quaker Chemical Co. (NYSE:KWR)

Harbor Capital Advisors Inc. increased its stake in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 26.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,416 shares of the specialty chemicals company's stock after buying an additional 2,403 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.06% of Quaker Chemical worth $1,411,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Quaker Chemical by 1.5% in the 4th 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 position in shares of Quaker Chemical by 19.2% in the fourth quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company's stock valued at $106,870,000 after buying an additional 122,494 shares in the last quarter. Royce & Associates LP raised its stake in shares of Quaker Chemical by 27.8% during 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 raised its stake 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 during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Quaker Chemical by 26.6% during the 4th 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Royal Bank of Canada lowered their price objective on Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating on the stock in a report 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 on the stock in a research note on Monday. Piper Sandler dropped their price target on Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Finally, Wall Street Zen downgraded Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $159.25.

Quaker Chemical Price Performance

KWR stock traded down $4.80 during mid-day trading on Friday, reaching $114.62. The company's stock had a trading volume of 151,557 shares, compared to its average volume of 137,790. 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's 50 day moving average is $106.45 and its two-hundred day moving average is $127.37. Quaker Chemical Co. has a fifty-two week low of $95.91 and a fifty-two week high of $193.74. The stock has a market cap of $2.03 billion, a PE ratio of 16.81, a P/E/G ratio of 1.62 and a beta of 1.38.

Quaker Chemical (NYSE:KWR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.52 by $0.06. The firm had revenue of $442.91 million during the quarter, compared to analysts' expectations of $455.23 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business's revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.09 earnings per share. Equities research analysts expect that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Announces Dividend

The company also recently declared 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. The ex-dividend date is Thursday, July 17th. This represents a $1.94 annualized dividend and a dividend yield of 1.69%. Quaker Chemical's payout ratio is 36.67%.

Quaker Chemical Company 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.