Quaker Chemical Co. (NYSE:KWR) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its position in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 63.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,208 shares of the specialty chemicals company's stock after selling 3,832 shares during the period. Hsbc Holdings PLC's holdings in Quaker Chemical were worth $310,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KWR. Bridge City Capital LLC raised its position in shares of Quaker Chemical by 0.5% during the 4th quarter. Bridge City Capital LLC now owns 16,107 shares of the specialty chemicals company's stock valued at $2,267,000 after buying an additional 85 shares during the period. Harbor Capital Advisors Inc. boosted its position in Quaker Chemical by 1.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,013 shares of the specialty chemicals company's stock worth $1,269,000 after acquiring an additional 110 shares during the last quarter. Covestor Ltd increased its position in Quaker Chemical by 24.8% during the 4th quarter. Covestor Ltd now owns 665 shares of the specialty chemicals company's stock worth $94,000 after purchasing an additional 132 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Quaker Chemical by 9.2% in the 4th quarter. Park Avenue Securities LLC now owns 1,729 shares of the specialty chemicals company's stock valued at $243,000 after purchasing an additional 146 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its position in Quaker Chemical by 5.1% during the 4th quarter. Corient Private Wealth LLC now owns 3,095 shares of the specialty chemicals company's stock valued at $436,000 after purchasing an additional 149 shares during the period. 77.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KWR shares. StockNews.com downgraded shares of Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Royal Bank of Canada decreased their target price 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, Piper Sandler dropped their price objective on Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd.

Quaker Chemical Stock Performance

Shares of NYSE KWR traded up $0.12 during trading hours on Tuesday, hitting $109.73. 113,752 shares of the stock were exchanged, compared to its average volume of 130,693. Quaker Chemical Co. has a one year low of $95.91 and a one year high of $197.03. 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 firm has a market capitalization of $1.94 billion, a P/E ratio of 16.09, a P/E/G ratio of 1.62 and a beta of 1.42. The company's 50 day moving average is $114.49 and its 200 day moving average is $135.68.

Quaker Chemical (NYSE:KWR - Get Free Report) last posted its earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.52 by $0.06. The business 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%. The firm's revenue was down 5.7% compared to the same quarter last year. During the same period last year, the company earned $2.09 EPS. On average, research analysts expect that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th were issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Wednesday, April 16th. 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.