Two Sigma Investments LP Sells 16,022 Shares of Quaker Chemical Co. (NYSE:KWR)

Two Sigma Investments LP reduced its stake in Quaker Chemical Co. (NYSE:KWR - Free Report) by 53.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,867 shares of the specialty chemicals company's stock after selling 16,022 shares during the quarter. Two Sigma Investments LP owned 0.08% of Quaker Chemical worth $1,952,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KWR. Raymond James Financial Inc. purchased a new stake in Quaker Chemical during the fourth quarter valued at about $28,978,000. JPMorgan Chase & Co. lifted its holdings in Quaker Chemical by 19.2% during the fourth quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company's stock valued at $106,870,000 after purchasing an additional 122,494 shares during the last quarter. Royce & Associates LP lifted its holdings in Quaker Chemical by 27.8% during the fourth quarter. Royce & Associates LP now owns 555,219 shares of the specialty chemicals company's stock valued at $78,153,000 after purchasing an additional 120,916 shares during the last quarter. Norges Bank purchased a new stake in Quaker Chemical during the fourth quarter valued at about $13,399,000. Finally, Marshall Wace LLP lifted its holdings 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 during the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

Quaker Chemical Price Performance

Shares of Quaker Chemical stock traded down $0.76 on Thursday, reaching $106.97. The stock had a trading volume of 94,730 shares, compared to its average volume of 135,417. Quaker Chemical Co. has a 1 year low of $95.91 and a 1 year high of $193.74. The company has a market cap of $1.89 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 1.62 and a beta of 1.38. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The business's 50 day moving average is $106.02 and its two-hundred day moving average is $128.98.

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 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 net margin of 6.58% and a return on equity of 10.10%. Quaker Chemical's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.09 earnings per share. As a group, research analysts anticipate that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be given a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, July 17th. Quaker Chemical's dividend payout ratio (DPR) is 36.67%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on KWR shares. Piper Sandler dropped their price objective on shares of Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Royal Bank of Canada lowered their price target on shares of Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Finally, Wall Street Zen downgraded shares of Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th.

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.