Quaker Chemical Co. (NYSE:KWR) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD cut its stake in Quaker Chemical Co. (NYSE:KWR - Free Report) by 21.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,850 shares of the specialty chemicals company's stock after selling 5,768 shares during the period. Price T Rowe Associates Inc. MD owned 0.12% of Quaker Chemical worth $2,936,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in Quaker Chemical in the 4th quarter valued at about $28,978,000. JPMorgan Chase & Co. boosted its position in shares of Quaker Chemical by 19.2% during the fourth quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company's stock worth $106,870,000 after buying an additional 122,494 shares during the period. Royce & Associates LP grew its holdings in Quaker Chemical by 27.8% in the 4th quarter. Royce & Associates LP now owns 555,219 shares of the specialty chemicals company's stock worth $78,153,000 after buying an additional 120,916 shares in the last quarter. Norges Bank acquired a new stake in Quaker Chemical in the 4th quarter valued at approximately $13,399,000. Finally, Marshall Wace LLP boosted its position in Quaker Chemical by 92.3% during the 4th quarter. Marshall Wace LLP now owns 187,715 shares of the specialty chemicals company's stock worth $26,423,000 after acquiring an additional 90,078 shares during the period. 77.46% of the stock is currently owned by institutional investors.

Quaker Chemical Stock Performance

NYSE:KWR opened at $99.63 on Tuesday. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average of $117.81 and a 200-day moving average of $137.51. Quaker Chemical Co. has a twelve month low of $95.91 and a twelve month high of $197.03. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 1.62 and a beta of 1.42.

Quaker Chemical (NYSE:KWR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.06. The firm had revenue of $442.91 million for the quarter, compared to analyst estimates of $455.23 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm's quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.09 earnings per share. Analysts forecast that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th were given a $0.485 dividend. The ex-dividend date was Wednesday, April 16th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.95%. Quaker Chemical's dividend payout ratio (DPR) is 36.67%.

Analyst Ratings Changes

KWR has been the subject of several research analyst reports. StockNews.com downgraded shares of Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Piper Sandler decreased their price objective on shares of Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Finally, Royal Bank of Canada cut their target price on Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th.

About Quaker Chemical

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.