Quaker Chemical Co. (NYSE:KWR) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its stake in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,404 shares of the specialty chemicals company's stock after selling 3,644 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.47% of Quaker Chemical worth $11,740,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC acquired a new stake in Quaker Chemical in the fourth quarter worth about $58,000. KBC Group NV raised its position in shares of Quaker Chemical by 32.8% in the 4th quarter. KBC Group NV now owns 697 shares of the specialty chemicals company's stock valued at $98,000 after purchasing an additional 172 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Quaker Chemical in the 4th quarter worth approximately $194,000. CIBC Asset Management Inc acquired a new position in Quaker Chemical during the 4th quarter valued at approximately $211,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Quaker Chemical in the fourth quarter worth $238,000. 77.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Royal Bank of Canada dropped their price target on Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Finally, Piper Sandler reduced their price objective 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.

Quaker Chemical Stock Performance

Shares of NYSE:KWR traded up $3.66 during midday trading on Wednesday, reaching $107.31. The company's stock had a trading volume of 16,448 shares, compared to its average volume of 166,473. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average of $124.56 and a 200 day moving average of $141.29. Quaker Chemical Co. has a twelve month low of $95.91 and a twelve month high of $197.03. The firm has a market capitalization of $1.90 billion, a PE ratio of 15.73, a P/E/G ratio of 1.62 and a beta of 1.44.

Quaker Chemical (NYSE:KWR - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.29). The company had revenue of $444.09 million for the quarter, compared to analyst estimates of $430.47 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. During the same period in the prior year, the business posted $1.78 earnings per share. On average, equities analysts expect that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.

Quaker Chemical Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical's payout ratio is presently 29.80%.

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.