Man Group plc Decreases Stock Holdings in Quaker Chemical Co. (NYSE:KWR)

Man Group plc lowered its stake in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 34.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,248 shares of the specialty chemicals company's stock after selling 22,820 shares during the period. Man Group plc owned 0.24% of Quaker Chemical worth $6,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of KWR. Raymond James Financial Inc. purchased a new position in shares of Quaker Chemical in the 4th quarter worth $28,978,000. JPMorgan Chase & Co. lifted its stake 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 acquiring an additional 122,494 shares during the period. Royce & Associates LP lifted its position in shares of Quaker Chemical by 27.8% in the 4th quarter. Royce & Associates LP now owns 555,219 shares of the specialty chemicals company's stock worth $78,153,000 after purchasing an additional 120,916 shares during the period. Norges Bank bought a new stake in Quaker Chemical during the 4th quarter valued at $13,399,000. Finally, Marshall Wace LLP boosted its position in Quaker Chemical by 92.3% during the fourth quarter. Marshall Wace LLP now owns 187,715 shares of the specialty chemicals company's stock valued at $26,423,000 after purchasing an additional 90,078 shares in the last quarter. Hedge funds and other institutional investors own 77.46% of the company's stock.

Quaker Chemical Price Performance

Shares of KWR stock traded up $0.02 on Monday, reaching $106.64. 227,460 shares of the company were exchanged, compared to its average volume of 132,847. Quaker Chemical Co. has a 1 year low of $95.91 and a 1 year 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 business has a 50-day moving average price of $109.82 and a 200 day moving average price of $132.30. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 1.62 and a beta of 1.42.

Quaker Chemical (NYSE:KWR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The specialty chemicals company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.06. The company had revenue of $442.91 million for 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%. Quaker Chemical's revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.09 EPS. Equities research analysts forecast that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 annualized dividend and a yield of 1.82%. Quaker Chemical's dividend payout ratio (DPR) is 36.67%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports 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. Royal Bank of Canada reduced their price objective 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. Finally, Piper Sandler lowered their price objective on Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd.

About Quaker Chemical

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.