Gotham Asset Management LLC Lowers Stake in Quaker Chemical Co. (NYSE:KWR)

Gotham Asset Management LLC lessened its stake in Quaker Chemical Co. (NYSE:KWR - Free Report) by 21.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,709 shares of the specialty chemicals company's stock after selling 2,604 shares during the quarter. Gotham Asset Management LLC owned 0.05% of Quaker Chemical worth $1,367,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. CIBC Asset Management Inc purchased a new stake in Quaker Chemical during the fourth quarter worth about $211,000. Allspring Global Investments Holdings LLC lifted 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 acquiring an additional 82,843 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Quaker Chemical by 9.2% during the 4th quarter. Park Avenue Securities LLC now owns 1,729 shares of the specialty chemicals company's stock worth $243,000 after acquiring an additional 146 shares in the last quarter. Barclays PLC grew its holdings in shares of Quaker Chemical by 284.2% in the 3rd quarter. Barclays PLC now owns 28,395 shares of the specialty chemicals company's stock worth $4,784,000 after acquiring an additional 21,004 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in Quaker Chemical in the 4th quarter valued at approximately $422,000. Hedge funds and other institutional investors own 77.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Royal Bank of Canada decreased their target price on 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 cut their price target 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. Finally, Wall Street Zen lowered shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th.

Quaker Chemical Price Performance

Shares of KWR traded up $0.86 during mid-day trading on Thursday, reaching $105.00. 40,484 shares of the company's stock were exchanged, compared to its average volume of 161,288. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. Quaker Chemical Co. has a 52-week low of $95.91 and a 52-week high of $193.74. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 1.62 and a beta of 1.42. The company has a 50-day simple moving average of $110.68 and a two-hundred day simple moving average of $133.63.

Quaker Chemical (NYSE:KWR - Get Free Report) last announced its 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. The firm had revenue of $442.91 million for the quarter, compared to analysts' expectations of $455.23 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. Quaker Chemical's quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.09 EPS. On average, sell-side analysts predict that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

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 paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Thursday, July 17th. Quaker Chemical's payout ratio is currently 36.67%.

About Quaker Chemical

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.