Janus Henderson Group PLC Increases Holdings in Quaker Chemical Co. (NYSE:KWR)

Janus Henderson Group PLC boosted its stake in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 122.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,588 shares of the specialty chemicals company's stock after purchasing an additional 70,218 shares during the quarter. Janus Henderson Group PLC owned about 0.72% of Quaker Chemical worth $17,959,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on KWR. StockNews.com downgraded shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. 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 note on Wednesday, February 26th. Finally, Piper Sandler reduced their price target on shares of Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd.

Quaker Chemical Stock Performance

Shares of NYSE KWR traded down $0.82 during midday trading on Wednesday, hitting $106.45. The company's stock had a trading volume of 27,785 shares, compared to its average volume of 131,202. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 15.61, a P/E/G ratio of 1.62 and a beta of 1.42. The stock has a fifty day moving average price of $111.16 and a 200 day moving average price of $133.83. Quaker Chemical Co. has a one year low of $95.91 and a one year high of $197.03. 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 released its quarterly earnings data 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 company had revenue of $442.91 million during the quarter, compared to analyst estimates 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 period last year, the business earned $2.09 earnings per share. On average, research analysts forecast that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.

Quaker Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders 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 dividend yield of 1.82%. Quaker Chemical's dividend payout ratio (DPR) is presently 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.