Two Sigma Advisers LP Sells 3,200 Shares of Quaker Chemical Co. (NYSE:KWR)

Two Sigma Advisers LP cut its holdings in Quaker Chemical Co. (NYSE:KWR - Free Report) by 30.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,300 shares of the specialty chemicals company's stock after selling 3,200 shares during the period. Two Sigma Advisers LP's holdings in Quaker Chemical were worth $1,028,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. TD Waterhouse Canada Inc. purchased a new stake in Quaker Chemical in the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Quaker Chemical during the 4th quarter valued at $58,000. Covestor Ltd raised its position 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 valued at $94,000 after buying an additional 132 shares in the last quarter. KBC Group NV raised its position 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 valued at $98,000 after buying an additional 172 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its position 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 valued at $159,000 after buying an additional 1,118 shares in the last quarter. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KWR shares. 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 report on Wednesday, February 26th. Piper Sandler decreased their target price on shares of Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Finally, Wall Street Zen cut shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th.

Quaker Chemical Trading Down 0.7%

Quaker Chemical stock traded down $0.76 during trading hours on Thursday, reaching $106.97. The stock had a trading volume of 94,730 shares, compared to its average volume of 135,417. The stock has a market cap of $1.89 billion, a PE ratio of 15.68, a PEG ratio of 1.62 and a beta of 1.38. 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 current ratio of 2.54 and a quick ratio of 1.88. The company has a fifty day simple moving average of $106.02 and a 200-day simple moving average of $128.98.

Quaker Chemical (NYSE:KWR - Get Free Report) last announced 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. The business had revenue of $442.91 million for the quarter, compared to analyst estimates of $455.23 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The company's revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.09 EPS. Analysts forecast that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.

Quaker Chemical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, July 17th. Quaker Chemical's payout ratio is 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.