Northern Trust Corp Has $29.29 Million Holdings in Quaker Chemical Co. (NYSE:KWR)

Northern Trust Corp increased its holdings in Quaker Chemical Co. (NYSE:KWR - Free Report) by 16.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 208,105 shares of the specialty chemicals company's stock after acquiring an additional 29,113 shares during the period. Northern Trust Corp owned about 1.17% of Quaker Chemical worth $29,293,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of KWR. TD Waterhouse Canada Inc. purchased a new stake in Quaker Chemical in the 4th quarter worth about $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Quaker Chemical during the 4th quarter worth about $58,000. Covestor Ltd raised its stake in shares of Quaker Chemical by 24.8% during the 4th quarter. Covestor Ltd now owns 665 shares of the specialty chemicals company's stock worth $94,000 after purchasing an additional 132 shares in the last quarter. KBC Group NV raised its stake in shares of Quaker Chemical by 32.8% during the 4th quarter. KBC Group NV now owns 697 shares of the specialty chemicals company's stock worth $98,000 after purchasing an additional 172 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its stake in shares of Quaker Chemical by 10,163.6% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,129 shares of the specialty chemicals company's stock worth $159,000 after purchasing an additional 1,118 shares in the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada cut their price target 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. Piper Sandler cut their price target on Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, StockNews.com downgraded Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th.

Quaker Chemical Stock Performance

Shares of KWR stock traded up $0.63 during trading on Friday, reaching $106.86. The company had a trading volume of 35,048 shares, compared to its average volume of 130,692. The firm's 50 day simple moving average is $112.65 and its two-hundred day simple moving average is $134.98. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. Quaker Chemical Co. has a one year low of $95.91 and a one year high of $197.03. The company has a market capitalization of $1.89 billion, a PE ratio of 15.67, a PEG ratio of 1.62 and a beta of 1.42.

Quaker Chemical (NYSE:KWR - Get Free Report) last issued its quarterly earnings data 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. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business had revenue of $442.91 million for the quarter, compared to the consensus estimate of $455.23 million. During the same period last year, the business earned $2.09 EPS. The firm's revenue was down 5.7% compared to the same quarter last year. 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 issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Thursday, July 17th. Quaker Chemical's payout ratio is presently 36.67%.

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.