Millennium Management LLC Grows Position in Quaker Chemical Co. (NYSE:KWR)

Millennium Management LLC boosted its stake in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 402.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,389 shares of the specialty chemicals company's stock after acquiring an additional 72,383 shares during the period. Millennium Management LLC owned 0.51% of Quaker Chemical worth $12,723,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Quaker Chemical by 3.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,866 shares of the specialty chemicals company's stock valued at $1,107,000 after acquiring an additional 230 shares in the last quarter. Janus Henderson Group PLC grew its stake in Quaker Chemical by 122.4% during 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 in the last quarter. Jefferies Financial Group Inc. purchased a new position in Quaker Chemical during the fourth quarter valued at $3,097,000. D. E. Shaw & Co. Inc. purchased a new position in Quaker Chemical during the fourth quarter valued at $2,436,000. Finally, 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 buying an additional 9,796 shares in the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

Quaker Chemical Price Performance

Shares of NYSE:KWR traded up $5.16 on Tuesday, reaching $111.64. The company's stock had a trading volume of 205,139 shares, compared to its average volume of 133,137. Quaker Chemical Co. has a 52-week low of $95.91 and a 52-week high of $193.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The company has a 50-day simple moving average of $109.35 and a 200 day simple moving average of $131.85. The company has a market cap of $1.97 billion, a P/E ratio of 16.37, a PEG ratio of 1.62 and a beta of 1.42.

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, 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 firm had revenue of $442.91 million during the quarter, compared to analysts' expectations of $455.23 million. During the same period in the previous year, the company earned $2.09 EPS. The firm's revenue for the quarter was down 5.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be paid 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 dividend yield of 1.74%. Quaker Chemical's dividend payout ratio is presently 36.67%.

Wall Street Analyst Weigh In

KWR has been the subject of a number of recent research reports. Wall Street Zen cut shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Piper Sandler dropped their price objective on shares of Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada dropped their price objective on shares of Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th.

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.