Jefferies Financial Group Inc. Invests $3.10 Million in Quaker Chemical Co. (NYSE:KWR)

Jefferies Financial Group Inc. purchased a new position in Quaker Chemical Co. (NYSE:KWR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 22,000 shares of the specialty chemicals company's stock, valued at approximately $3,097,000. Jefferies Financial Group Inc. owned 0.12% of Quaker Chemical at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KWR. TD Waterhouse Canada Inc. bought a new position in shares of Quaker Chemical in the fourth quarter worth $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in Quaker Chemical during the fourth quarter valued at $58,000. Covestor Ltd boosted its stake in Quaker Chemical by 24.8% during the fourth quarter. Covestor Ltd now owns 665 shares of the specialty chemicals company's stock valued at $94,000 after buying an additional 132 shares during the period. KBC Group NV boosted its stake in Quaker Chemical by 32.8% during the fourth quarter. KBC Group NV now owns 697 shares of the specialty chemicals company's stock valued at $98,000 after buying an additional 172 shares during the period. Finally, Aster Capital Management DIFC Ltd boosted its stake in Quaker Chemical by 10,163.6% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,129 shares of the specialty chemicals company's stock valued at $159,000 after buying an additional 1,118 shares during the period. 77.46% of the stock is owned by institutional investors.

Quaker Chemical Price Performance

NYSE KWR traded up $0.54 during trading hours on Friday, reaching $106.77. 111,499 shares of the stock traded hands, compared to its average volume of 131,148. The stock has a 50 day simple moving average of $112.12 and a two-hundred day simple moving average of $134.67. Quaker Chemical Co. has a 1 year low of $95.91 and a 1 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 company has a market cap of $1.89 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 1.62 and a beta of 1.42.

Quaker Chemical (NYSE:KWR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 earnings per share 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 business had revenue of $442.91 million for the quarter, compared to the consensus estimate of $455.23 million. During the same quarter last year, the business posted $2.09 earnings per share. The company's revenue for the quarter was down 5.7% on a year-over-year basis. On average, analysts predict that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

The company also recently declared 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 is Thursday, July 17th. This represents a $1.94 dividend on an annualized basis and a yield of 1.82%. Quaker Chemical's payout ratio is 36.67%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KWR. 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. StockNews.com lowered Quaker Chemical from a "buy" rating to a "hold" rating 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 for the company in a research note on Wednesday, April 2nd.

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.