Voloridge Investment Management LLC Increases Stock Holdings in Quaker Chemical Co. (NYSE:KWR)

Voloridge Investment Management LLC grew its position in Quaker Chemical Co. (NYSE:KWR - Free Report) by 108.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,542 shares of the specialty chemicals company's stock after purchasing an additional 50,330 shares during the period. Voloridge Investment Management LLC owned approximately 0.54% of Quaker Chemical worth $13,589,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KWR. Vanguard Group Inc. grew its holdings in Quaker Chemical by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 1,638,419 shares of the specialty chemicals company's stock worth $230,624,000 after acquiring an additional 23,832 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Quaker Chemical by 19.2% in the 4th quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company's stock worth $106,870,000 after purchasing an additional 122,494 shares during the period. Royce & Associates LP grew its stake in Quaker Chemical by 27.8% in the 4th quarter. Royce & Associates LP now owns 555,219 shares of the specialty chemicals company's stock valued at $78,153,000 after buying an additional 120,916 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Quaker Chemical by 13.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 445,365 shares of the specialty chemicals company's stock valued at $62,689,000 after purchasing an additional 51,393 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Quaker Chemical by 26.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 394,708 shares of the specialty chemicals company's stock valued at $53,680,000 after purchasing an additional 82,843 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on KWR shares. 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 research note on Wednesday, April 2nd. Royal Bank of Canada decreased their price target 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. Finally, Wall Street Zen downgraded shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th.

Quaker Chemical Stock Down 0.5%

Shares of NYSE:KWR traded down $0.59 during trading hours on Thursday, hitting $109.05. The company's stock had a trading volume of 39,509 shares, compared to its average volume of 133,445. 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 market capitalization of $1.93 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 1.62 and a beta of 1.42. The firm's fifty day moving average price is $108.60 and its 200 day moving average price is $131.56.

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 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 the consensus estimate 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 was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.09 EPS. As a group, research analysts expect 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. Shareholders of record on Thursday, July 17th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Thursday, July 17th. Quaker Chemical's dividend payout ratio is presently 36.67%.

Quaker Chemical 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.