Geode Capital Management LLC Has $43.58 Million Holdings in Quaker Chemical Co. (NYSE:KWR)

Geode Capital Management LLC lowered its position in Quaker Chemical Co. (NYSE:KWR - Free Report) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,566 shares of the specialty chemicals company's stock after selling 3,218 shares during the quarter. Geode Capital Management LLC owned approximately 1.74% of Quaker Chemical worth $43,584,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Quaker Chemical during the 4th quarter worth $58,000. KBC Group NV raised its holdings in Quaker Chemical by 32.8% in the 4th quarter. KBC Group NV now owns 697 shares of the specialty chemicals company's stock worth $98,000 after acquiring an additional 172 shares during the period. CIBC Asset Management Inc bought a new stake in Quaker Chemical during the 4th quarter valued at approximately $211,000. Y Intercept Hong Kong Ltd acquired a new stake in Quaker Chemical in the 4th quarter valued at approximately $238,000. Finally, Park Avenue Securities LLC grew its stake in shares of Quaker Chemical by 9.2% in the fourth quarter. Park Avenue Securities LLC now owns 1,729 shares of the specialty chemicals company's stock worth $243,000 after acquiring an additional 146 shares during the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

Quaker Chemical Trading Up 1.0 %

Shares of NYSE KWR traded up $0.96 during mid-day trading on Friday, hitting $101.87. The company's stock had a trading volume of 130,581 shares, compared to its average volume of 126,380. Quaker Chemical Co. has a one year low of $95.91 and a one year high of $197.03. The company's fifty day simple moving average is $126.05 and its 200-day simple moving average is $142.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.62 and a beta of 1.44.

Quaker Chemical (NYSE:KWR - Get Free Report) last released its earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.29). The business 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 firm posted $1.78 EPS. On average, sell-side analysts anticipate that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical's payout ratio is 29.80%.

Wall Street Analysts Forecast Growth

KWR has been the topic of several research reports. Royal Bank of Canada lowered 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. Piper Sandler cut their target price 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 shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th.

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.