Harbor Capital Advisors Inc. Acquires 2,403 Shares of Quaker Chemical Co. (NYSE:KWR)

Harbor Capital Advisors Inc. grew its holdings in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 26.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,416 shares of the specialty chemicals company's stock after purchasing an additional 2,403 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.06% of Quaker Chemical worth $1,411,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its stake in Quaker Chemical by 26.6% in 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 purchasing an additional 82,843 shares during the last quarter. Rhumbline Advisers increased its position in shares of Quaker Chemical by 1.1% in 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 increased its position in Quaker Chemical by 8.9% during the 4th 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 purchasing an additional 1,052 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Quaker Chemical by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 73,761 shares of the specialty chemicals company's stock worth $10,383,000 after buying an additional 2,285 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new position in shares of Quaker Chemical in the 4th quarter valued at about $211,000. Institutional investors and hedge funds own 77.46% of the company's stock.

Quaker Chemical Stock Up 1.1%

Shares of NYSE:KWR traded up $1.23 during trading on Monday, hitting $116.18. 166,302 shares of the company were exchanged, compared to its average volume of 138,095. 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 cap of $2.05 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 1.62 and a beta of 1.38. Quaker Chemical Co. has a fifty-two week low of $95.91 and a fifty-two week high of $193.74. The firm has a fifty day moving average price of $107.20 and a two-hundred day moving average price of $126.38.

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

Quaker Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be issued a dividend of $0.485 per share. The ex-dividend date is Thursday, July 17th. This represents a $1.94 dividend on an annualized basis and a yield of 1.67%. Quaker Chemical's dividend payout ratio (DPR) is currently 36.67%.

Analyst Ratings Changes

Several equities research analysts have issued reports on KWR shares. Piper Sandler dropped their price objective on Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Wall Street Zen lowered Quaker Chemical from a "buy" rating to a "hold" rating 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, June 9th. Finally, Royal Bank of Canada lowered their price target on Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating for the company 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 company. According to MarketBeat.com, Quaker Chemical has an average rating of "Moderate Buy" and a consensus target price of $159.25.

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.