Ranger Investment Management L.P. Sells 2,970 Shares of Quaker Chemical Co. (NYSE:KWR)

Ranger Investment Management L.P. lowered its holdings in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,595 shares of the specialty chemicals company's stock after selling 2,970 shares during the quarter. Ranger Investment Management L.P. owned approximately 0.76% of Quaker Chemical worth $19,086,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Quaker Chemical by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 1,638,419 shares of the specialty chemicals company's stock worth $230,624,000 after acquiring an additional 23,832 shares during the period. JPMorgan Chase & Co. lifted its position in Quaker Chemical by 19.2% during the fourth quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company's stock valued at $106,870,000 after purchasing an additional 122,494 shares in the last quarter. Royce & Associates LP increased its position in Quaker Chemical by 27.8% in the fourth 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. State Street Corp raised its stake in shares of Quaker Chemical by 3.8% in the third quarter. State Street Corp now owns 554,612 shares of the specialty chemicals company's stock worth $93,447,000 after buying an additional 20,059 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of 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 buying an additional 82,843 shares in the last quarter. Institutional investors own 77.46% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on KWR. Piper Sandler decreased their target price 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. Royal Bank of Canada decreased their target price 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, StockNews.com downgraded Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th.

Quaker Chemical Price Performance

NYSE:KWR traded down $4.05 during trading hours on Monday, reaching $101.83. The stock had a trading volume of 61,864 shares, compared to its average volume of 124,562. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The stock has a market capitalization of $1.80 billion, a PE ratio of 14.93, a PEG ratio of 1.62 and a beta of 1.44. Quaker Chemical Co. has a 52 week low of $95.91 and a 52 week high of $197.03. The company has a 50 day moving average price of $129.58 and a two-hundred day moving average price of $144.21.

Quaker Chemical (NYSE:KWR - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.62 by ($0.29). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The business had revenue of $444.09 million for the quarter, compared to analysts' expectations of $430.47 million. During the same period in the previous year, the company earned $1.78 EPS. As a group, sell-side analysts anticipate that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.485 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 annualized dividend and a yield of 1.91%. Quaker Chemical's payout ratio is currently 29.80%.

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.