Gotham Asset Management LLC Sells 2,604 Shares of Quaker Chemical Co. (NYSE:KWR)

Gotham Asset Management LLC lessened its stake in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 21.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,709 shares of the specialty chemicals company's stock after selling 2,604 shares during the period. Gotham Asset Management LLC owned 0.05% of Quaker Chemical worth $1,367,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. D. E. Shaw & Co. Inc. bought a new stake in Quaker Chemical during the fourth quarter valued at about $2,436,000. Deutsche Bank AG boosted its stake in shares of Quaker Chemical by 117.8% in the fourth quarter. Deutsche Bank AG now owns 18,109 shares of the specialty chemicals company's stock worth $2,549,000 after acquiring an additional 9,796 shares during the period. Deprince Race & Zollo Inc. boosted its stake in shares of Quaker Chemical by 52.2% in the fourth quarter. Deprince Race & Zollo Inc. now owns 191,800 shares of the specialty chemicals company's stock worth $26,998,000 after acquiring an additional 65,778 shares during the period. EP Wealth Advisors LLC boosted its stake in shares of Quaker Chemical by 6.7% in the fourth quarter. EP Wealth Advisors LLC now owns 1,512 shares of the specialty chemicals company's stock worth $213,000 after acquiring an additional 95 shares during the period. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Quaker Chemical by 26.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 31,926 shares of the specialty chemicals company's stock worth $4,494,000 after acquiring an additional 6,593 shares during the period. Institutional investors own 77.46% of the company's stock.

Quaker Chemical Price Performance

Shares of Quaker Chemical stock opened at $106.77 on Friday. The stock has a 50 day moving average of $112.12 and a 200 day moving average of $134.67. Quaker Chemical Co. has a 12 month low of $95.91 and a 12 month high of $197.03. The firm has a market cap of $1.89 billion, a PE ratio of 15.66, a PEG ratio of 1.62 and a beta of 1.42. 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 return on equity of 10.10% and a net margin of 6.58%. The company had revenue of $442.91 million during the quarter, compared to analyst estimates of $455.23 million. During the same period in the prior year, the company earned $2.09 earnings per share. The firm's revenue was down 5.7% on a year-over-year basis. On average, research analysts expect that Quaker Chemical Co. will post 7.75 EPS for the current fiscal 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. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $1.94 dividend on an annualized basis and a yield of 1.82%. Quaker Chemical's dividend payout ratio (DPR) is presently 36.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KWR shares. Piper Sandler dropped their price objective on 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 dropped 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, StockNews.com lowered Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th.

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.

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