Squarepoint Ops LLC Sells 13,596 Shares of Quaker Chemical Co. (NYSE:KWR)

Squarepoint Ops LLC reduced its holdings in Quaker Chemical Co. (NYSE:KWR - Free Report) by 76.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,178 shares of the specialty chemicals company's stock after selling 13,596 shares during the period. Squarepoint Ops LLC's holdings in Quaker Chemical were worth $588,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. acquired a new stake in Quaker Chemical in the 4th quarter valued at $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Quaker Chemical during the 4th quarter worth about $58,000. Covestor Ltd increased its stake in shares of Quaker Chemical by 24.8% during the 4th quarter. Covestor Ltd now owns 665 shares of the specialty chemicals company's stock worth $94,000 after purchasing an additional 132 shares during the last quarter. KBC Group NV increased its stake in shares of Quaker Chemical by 32.8% during the 4th quarter. KBC Group NV now owns 697 shares of the specialty chemicals company's stock worth $98,000 after purchasing an additional 172 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd increased its stake in shares of Quaker Chemical by 10,163.6% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,129 shares of the specialty chemicals company's stock worth $159,000 after purchasing an additional 1,118 shares during the last quarter. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Quaker Chemical Stock Performance

Shares of Quaker Chemical stock traded down $0.76 during trading on Thursday, hitting $106.97. 94,730 shares of the stock were exchanged, compared to its average volume of 135,175. Quaker Chemical Co. has a 1-year low of $95.91 and a 1-year high of $193.74. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 1.62 and a beta of 1.38. The company has a fifty day moving average price of $106.34 and a 200-day moving average price of $129.39. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 EPS for the quarter, beating 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 quarter in the prior year, the business earned $2.09 EPS. Quaker Chemical's quarterly revenue was down 5.7% on a year-over-year basis. As a group, equities analysts predict that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

The business 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 $0.485 dividend. The ex-dividend date is Thursday, July 17th. This represents a $1.94 dividend on an annualized basis and a yield of 1.81%. Quaker Chemical's dividend payout ratio (DPR) is currently 36.67%.

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.