Balyasny Asset Management L.P. Boosts Holdings in Quaker Chemical Co. (NYSE:KWR)

Balyasny Asset Management L.P. increased its holdings in Quaker Chemical Co. (NYSE:KWR - Free Report) by 26.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,926 shares of the specialty chemicals company's stock after buying an additional 6,593 shares during the period. Balyasny Asset Management L.P. owned about 0.18% of Quaker Chemical worth $4,494,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc purchased a new position in Quaker Chemical during the 4th quarter valued at about $211,000. Allspring Global Investments Holdings LLC increased its holdings in Quaker Chemical by 26.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 394,708 shares of the specialty chemicals company's stock valued at $53,680,000 after acquiring an additional 82,843 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Quaker Chemical by 9.2% during the 4th quarter. Park Avenue Securities LLC now owns 1,729 shares of the specialty chemicals company's stock valued at $243,000 after acquiring an additional 146 shares in the last quarter. Barclays PLC boosted its stake in shares of Quaker Chemical by 284.2% during the 3rd quarter. Barclays PLC now owns 28,395 shares of the specialty chemicals company's stock worth $4,784,000 after purchasing an additional 21,004 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Quaker Chemical during the 4th quarter worth about $422,000. 77.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KWR shares. StockNews.com cut shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Piper Sandler decreased their price target on shares of Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada decreased their price target on shares of Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th.

Quaker Chemical Trading Down 1.3%

Shares of KWR traded down $1.40 during mid-day trading on Wednesday, hitting $108.25. The company had a trading volume of 127,115 shares, compared to its average volume of 130,943. The business's 50-day simple moving average is $113.88 and its 200-day simple moving average is $135.50. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. Quaker Chemical Co. has a 1-year low of $95.91 and a 1-year high of $197.03. The stock has a market cap of $1.91 billion, a PE ratio of 15.87, a P/E/G ratio of 1.62 and a beta of 1.42.

Quaker Chemical (NYSE:KWR - Get Free Report) last announced 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. The firm had revenue of $442.91 million for the quarter, compared to analysts' expectations of $455.23 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. Quaker Chemical's revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.09 earnings per share. Sell-side analysts forecast that Quaker Chemical Co. will post 7.75 earnings per share for the current year.

Quaker Chemical Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.79%. Quaker Chemical's dividend payout ratio is currently 36.67%.

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.