Truist Financial Corp Has $4.82 Million Holdings in Quaker Chemical Co. (NYSE:KWR)

Truist Financial Corp increased its stake in Quaker Chemical Co. (NYSE:KWR - Free Report) by 36.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,575 shares of the specialty chemicals company's stock after buying an additional 5,971 shares during the quarter. Truist Financial Corp owned about 0.13% of Quaker Chemical worth $4,818,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mutual of America Capital Management LLC lifted its stake in shares of Quaker Chemical by 512.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 14,884 shares of the specialty chemicals company's stock worth $3,177,000 after acquiring an additional 12,455 shares in the last quarter. Ziegler Capital Management LLC bought a new position in Quaker Chemical during the 4th quarter valued at $2,370,000. Qube Research & Technologies Ltd grew its holdings in Quaker Chemical by 111.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 20,044 shares of the specialty chemicals company's stock worth $3,207,000 after acquiring an additional 10,567 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Quaker Chemical in the 4th quarter worth about $1,473,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Quaker Chemical by 9.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 179,480 shares of the specialty chemicals company's stock worth $28,717,000 after purchasing an additional 15,958 shares during the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.

Quaker Chemical Stock Performance

Quaker Chemical stock traded down $0.35 during midday trading on Monday, reaching $185.21. 103,614 shares of the stock traded hands, compared to its average volume of 80,474. The firm has a fifty day moving average price of $196.44 and a two-hundred day moving average price of $190.43. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 28.19, a PEG ratio of 1.43 and a beta of 1.48. The company has a current ratio of 2.66, a quick ratio of 1.98 and a debt-to-equity ratio of 0.53. Quaker Chemical Co. has a fifty-two week low of $138.67 and a fifty-two week high of $221.94.

Quaker Chemical (NYSE:KWR - Get Free Report) last announced its earnings results on Thursday, May 2nd. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.12. Quaker Chemical had a return on equity of 10.35% and a net margin of 6.16%. The firm had revenue of $469.76 million for the quarter, compared to the consensus estimate of $494.53 million. During the same quarter in the previous year, the business earned $1.89 EPS. The firm's revenue for the quarter was down 6.1% on a year-over-year basis. On average, equities research analysts forecast that Quaker Chemical Co. will post 8.69 earnings per share for the current year.

Quaker Chemical declared that its board has initiated a share repurchase program on Wednesday, February 28th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the specialty chemicals company to repurchase up to 4.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Quaker Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were issued a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Monday, April 15th. Quaker Chemical's dividend payout ratio (DPR) is presently 27.70%.

Analyst Ratings Changes

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

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.