Quaker Chemical Co. (NYSE:KWR) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in Quaker Chemical Co. (NYSE:KWR - Free Report) by 9.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 281,367 shares of the specialty chemicals company's stock after buying an additional 25,442 shares during the period. Dimensional Fund Advisors LP owned about 1.56% of Quaker Chemical worth $60,056,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Quaker Chemical by 13.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 681,245 shares of the specialty chemicals company's stock valued at $108,999,000 after purchasing an additional 80,043 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Quaker Chemical by 507.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 294,516 shares of the specialty chemicals company's stock valued at $47,123,000 after purchasing an additional 245,993 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of Quaker Chemical by 2.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 256,801 shares of the specialty chemicals company's stock valued at $41,088,000 after purchasing an additional 7,150 shares during the period. FMR LLC lifted its stake in shares of Quaker Chemical by 3.9% in the 3rd quarter. FMR LLC now owns 187,625 shares of the specialty chemicals company's stock valued at $30,020,000 after purchasing an additional 6,961 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Quaker Chemical by 9.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 179,480 shares of the specialty chemicals company's stock valued at $28,717,000 after purchasing an additional 15,958 shares during the period. 77.46% of the stock is currently owned by institutional investors.

Quaker Chemical Stock Up 0.3 %

KWR stock traded up $0.63 during trading hours on Monday, reaching $184.05. 61,800 shares of the stock were exchanged, compared to its average volume of 82,166. The firm's 50-day moving average is $193.14 and its 200-day moving average is $194.55. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.46 and a beta of 1.48. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.98. Quaker Chemical Co. has a 12 month low of $138.67 and a 12 month high of $221.94.

Quaker Chemical (NYSE:KWR - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The specialty chemicals company reported $2.09 EPS for the quarter, topping analysts' consensus estimates of $1.97 by $0.12. Quaker Chemical had a return on equity of 10.35% and a net margin of 6.16%. The business had revenue of $469.76 million during the quarter, compared to analysts' expectations of $494.53 million. During the same quarter last year, the company posted $1.89 earnings per share. Quaker Chemical's quarterly revenue was down 6.1% on a year-over-year basis. On average, equities research analysts expect that Quaker Chemical Co. will post 8.68 earnings per share for the current year.

Quaker Chemical announced that its board has authorized a share repurchase plan on Wednesday, February 28th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the specialty chemicals company to purchase up to 4.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Quaker Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a dividend of $0.455 per share. The ex-dividend date is Wednesday, July 17th. This represents a $1.82 annualized dividend and a yield of 0.99%. Quaker Chemical's dividend payout ratio (DPR) is presently 27.70%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Royal Bank of Canada raised their price objective on Quaker Chemical from $200.00 to $223.00 and gave the stock an "outperform" rating in a research note on Monday, March 4th. Piper Sandler assumed coverage on Quaker Chemical in a research note on Thursday, May 16th. They set an "overweight" rating and a $220.00 price objective on the stock. Finally, StockNews.com raised Quaker Chemical from a "hold" rating to a "buy" rating in a research note on Wednesday, April 3rd.

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.