Invesco Ltd. Cuts Stock Position in Quaker Chemical Co. (NYSE:KWR)

Invesco Ltd. lowered its stake in Quaker Chemical Co. (NYSE:KWR - Free Report) by 79.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,885 shares of the specialty chemicals company's stock after selling 170,866 shares during the period. Invesco Ltd. owned 0.25% of Quaker Chemical worth $6,318,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Quaker Chemical in the 4th quarter worth about $58,000. KBC Group NV grew its stake in shares of Quaker Chemical by 32.8% during the fourth quarter. KBC Group NV now owns 697 shares of the specialty chemicals company's stock worth $98,000 after acquiring an additional 172 shares during the last quarter. Aster Capital Management DIFC Ltd raised its holdings in shares of Quaker Chemical by 10,163.6% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,129 shares of the specialty chemicals company's stock worth $159,000 after buying an additional 1,118 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Quaker Chemical during the 4th quarter worth about $194,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Quaker Chemical during the fourth quarter worth $211,000. Institutional investors own 77.46% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Piper Sandler lowered their price target on Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. StockNews.com downgraded shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada decreased their price objective on shares of Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th.

Quaker Chemical Price Performance

Shares of NYSE:KWR traded down $0.97 during trading on Thursday, reaching $104.98. The stock had a trading volume of 13,500 shares, compared to its average volume of 128,521. 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 business's 50-day moving average price is $120.10 and its 200 day moving average price is $139.12. Quaker Chemical Co. has a 52 week low of $95.91 and a 52 week high of $197.03. The stock has a market capitalization of $1.86 billion, a PE ratio of 15.39, a P/E/G ratio of 1.62 and a beta of 1.44.

Quaker Chemical (NYSE:KWR - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The specialty chemicals company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.29). The company had revenue of $444.09 million for the quarter, compared to analyst estimates of $430.47 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. During the same period last year, the business earned $1.78 EPS. As a group, equities analysts predict that Quaker Chemical Co. will post 7.75 earnings per share for the current year.

Quaker Chemical Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th were given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Wednesday, April 16th. Quaker Chemical's dividend payout ratio (DPR) is presently 29.80%.

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.