ProShare Advisors LLC lifted its position in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 15.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,168 shares of the specialty chemicals company's stock after purchasing an additional 7,029 shares during the period. ProShare Advisors LLC owned 0.30% of Quaker Chemical worth $7,484,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Quaker Chemical in the fourth quarter worth about $28,978,000. JPMorgan Chase & Co. lifted its holdings in Quaker Chemical by 19.2% in the fourth quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company's stock worth $106,870,000 after buying an additional 122,494 shares during the period. Royce & Associates LP lifted its holdings in Quaker Chemical by 27.8% in the fourth 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. Norges Bank purchased a new stake in Quaker Chemical in the fourth quarter worth about $13,399,000. Finally, Marshall Wace LLP lifted its holdings in Quaker Chemical by 92.3% in the fourth quarter. Marshall Wace LLP now owns 187,715 shares of the specialty chemicals company's stock worth $26,423,000 after buying an additional 90,078 shares during the period. 77.46% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have commented on KWR shares. Wall Street Zen lowered shares of Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Piper Sandler lowered their price objective 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, Royal Bank of Canada lowered 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.
Check Out Our Latest Analysis on KWR
Quaker Chemical Stock Up 0.0%
Shares of KWR stock traded up $0.02 during trading hours on Friday, hitting $106.64. 227,460 shares of the company's stock traded hands, compared to its average volume of 132,847. The stock's fifty day simple moving average is $109.82 and its two-hundred day simple moving average is $132.56. Quaker Chemical Co. has a 12-month low of $95.91 and a 12-month high of $193.74. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.62 and a beta of 1.42. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48.
Quaker Chemical (NYSE:KWR - Get Free Report) last released its earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $455.23 million. During the same period last year, the business earned $2.09 earnings per share. The business's revenue was down 5.7% on a year-over-year basis. On average, analysts expect that Quaker Chemical Co. will post 7.75 EPS for the current year.
Quaker Chemical Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders 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 annualized dividend and a dividend yield of 1.82%. Quaker Chemical's payout ratio is 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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