Marshall Wace LLP Boosts Stock Position in Quaker Chemical Co. (NYSE:KWR)

Marshall Wace LLP increased its holdings in Quaker Chemical Co. (NYSE:KWR - Free Report) by 92.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 187,715 shares of the specialty chemicals company's stock after buying an additional 90,078 shares during the quarter. Marshall Wace LLP owned about 1.06% of Quaker Chemical worth $26,423,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KWR. Vanguard Group Inc. raised its holdings in shares of Quaker Chemical by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 1,638,419 shares of the specialty chemicals company's stock valued at $230,624,000 after purchasing an additional 23,832 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Quaker Chemical by 19.2% during the 4th quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company's stock valued at $106,870,000 after buying an additional 122,494 shares during the period. Royce & Associates LP boosted its stake in shares of Quaker Chemical by 27.8% in the 4th 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. Allspring Global Investments Holdings LLC grew its holdings in shares of Quaker Chemical by 26.6% in the fourth 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. Finally, Geode Capital Management LLC increased its position in Quaker Chemical by 1.0% during the third quarter. Geode Capital Management LLC now owns 312,784 shares of the specialty chemicals company's stock valued at $52,713,000 after acquiring an additional 3,118 shares during the last quarter. Hedge funds and other institutional investors own 77.46% of the company's stock.

Quaker Chemical Price Performance

Shares of KWR traded up $2.21 during mid-day trading on Thursday, reaching $105.35. The stock had a trading volume of 41,894 shares, compared to its average volume of 167,418. The business has a fifty day moving average of $123.82 and a 200 day moving average of $141.02. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 1.62 and a beta of 1.44. Quaker Chemical Co. has a 12 month low of $95.91 and a 12 month high of $197.03.

Quaker Chemical (NYSE:KWR - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.62 by ($0.29). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business had revenue of $444.09 million during the quarter, compared to analysts' expectations of $430.47 million. During the same quarter in the previous year, the company posted $1.78 EPS. Equities analysts predict that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 dividend on an annualized basis and a yield of 1.84%. Quaker Chemical's dividend payout ratio is presently 29.80%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Piper Sandler cut their target price 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. Royal Bank of Canada reduced 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. Finally, StockNews.com downgraded Quaker Chemical from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th.

Quaker Chemical 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.