Quaker Chemical Co. (NYSE:KWR) Shares Bought by Millennium Management LLC

Millennium Management LLC lifted its position in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 402.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,389 shares of the specialty chemicals company's stock after purchasing an additional 72,383 shares during the period. Millennium Management LLC owned about 0.51% of Quaker Chemical worth $12,723,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Quaker Chemical by 3.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,866 shares of the specialty chemicals company's stock worth $1,107,000 after purchasing an additional 230 shares during the last quarter. Janus Henderson Group PLC lifted its position in Quaker Chemical by 122.4% in the fourth quarter. Janus Henderson Group PLC now owns 127,588 shares of the specialty chemicals company's stock valued at $17,959,000 after acquiring an additional 70,218 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in Quaker Chemical in the fourth quarter valued at $3,097,000. D. E. Shaw & Co. Inc. purchased a new stake in Quaker Chemical in the fourth quarter valued at $2,436,000. Finally, Deutsche Bank AG raised its holdings in shares of Quaker Chemical by 117.8% in the fourth quarter. Deutsche Bank AG now owns 18,109 shares of the specialty chemicals company's stock valued at $2,549,000 after buying an additional 9,796 shares during the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

Quaker Chemical Stock Performance

Shares of Quaker Chemical stock traded up $0.16 on Thursday, reaching $109.80. 28,938 shares of the stock were exchanged, compared to its average volume of 163,581. Quaker Chemical Co. has a 1-year low of $95.91 and a 1-year high of $193.74. 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 business has a fifty day moving average price of $108.60 and a two-hundred day moving average price of $131.56. The firm has a market capitalization of $1.94 billion, a PE ratio of 16.10, a PEG ratio of 1.62 and a beta of 1.42.

Quaker Chemical (NYSE:KWR - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $442.91 million for the quarter, compared to analyst estimates of $455.23 million. During the same period in the previous year, the business posted $2.09 earnings per share. The business's revenue was down 5.7% compared to the same quarter last year. As a group, research analysts anticipate 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. Shareholders 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 yield of 1.77%. Quaker Chemical's payout ratio is currently 36.67%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on KWR shares. Royal Bank of Canada reduced their target price 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. Piper Sandler reduced their target price on shares of Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Finally, Wall Street Zen cut shares of Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th.

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.