Quaker Chemical Co. (NYSE:KWR) Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC increased its position in Quaker Chemical Co. (NYSE:KWR - Free Report) by 512.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,884 shares of the specialty chemicals company's stock after buying an additional 12,455 shares during the quarter. Mutual of America Capital Management LLC owned about 0.08% of Quaker Chemical worth $3,177,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Wakefield Asset Management LLLP purchased a new position in shares of Quaker Chemical in the 4th quarter worth $989,000. Buck Wealth Strategies LLC raised its position in shares of Quaker Chemical by 90.1% in the 4th quarter. Buck Wealth Strategies LLC now owns 977 shares of the specialty chemicals company's stock worth $209,000 after buying an additional 463 shares during the period. Perfromance Wealth Partners LLC purchased a new position in Quaker Chemical in the fourth quarter valued at about $213,000. McGlone Suttner Wealth Management Inc. purchased a new position in Quaker Chemical in the fourth quarter valued at about $50,000. Finally, Rockwood Wealth Management LLC purchased a new position in Quaker Chemical in the fourth quarter valued at about $957,000. 77.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on KWR. Royal Bank of Canada raised their price objective on Quaker Chemical from $200.00 to $223.00 and gave the company an "outperform" rating in a research report on Monday, March 4th. StockNews.com raised Quaker Chemical from a "hold" rating to a "buy" rating in a research report on Wednesday, April 3rd.

Quaker Chemical Stock Down 0.2 %

Shares of Quaker Chemical stock traded down $0.43 during trading hours on Thursday, hitting $188.00. 52,688 shares of the company's stock traded hands, compared to its average volume of 81,321. The stock has a 50 day simple moving average of $198.94 and a 200-day simple moving average of $186.79. The company has a quick ratio of 1.89, a current ratio of 2.52 and a debt-to-equity ratio of 0.53. The company has a market cap of $3.38 billion, a PE ratio of 30.03, a PEG ratio of 1.47 and a beta of 1.49. Quaker Chemical Co. has a twelve month low of $138.67 and a twelve month high of $221.94.

Quaker Chemical (NYSE:KWR - Get Free Report) last announced its earnings results on Friday, March 1st. The specialty chemicals company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.11. The company had revenue of $467.11 million during the quarter, compared to the consensus estimate of $470.55 million. Quaker Chemical had a return on equity of 10.22% and a net margin of 5.77%. The company's revenue was down 3.7% on a year-over-year basis. During the same period last year, the firm earned $1.39 earnings per share. Equities research analysts anticipate that Quaker Chemical Co. will post 8.69 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a dividend of $0.455 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $1.82 annualized dividend and a dividend yield of 0.97%. Quaker Chemical's dividend payout ratio is presently 29.07%.

Quaker Chemical declared that its board has approved a share buyback program on Wednesday, February 28th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the specialty chemicals company to repurchase up to 4.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

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.