Raymond James Financial Inc. Invests $28.98 Million in Quaker Chemical Co. (NYSE:KWR)

Raymond James Financial Inc. bought a new position in Quaker Chemical Co. (NYSE:KWR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 205,866 shares of the specialty chemicals company's stock, valued at approximately $28,978,000. Raymond James Financial Inc. owned about 1.16% of Quaker Chemical as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of KWR. Bank of Montreal Can raised its holdings in Quaker Chemical by 9.5% during the 4th quarter. Bank of Montreal Can now owns 2,160 shares of the specialty chemicals company's stock worth $304,000 after buying an additional 188 shares during the period. Aster Capital Management DIFC Ltd raised its stake in 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 valued at $159,000 after purchasing an additional 1,118 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Quaker Chemical by 9.4% in the fourth quarter. Russell Investments Group Ltd. now owns 52,509 shares of the specialty chemicals company's stock valued at $7,391,000 after purchasing an additional 4,514 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Quaker Chemical in the fourth quarter worth $327,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Quaker Chemical by 14.2% during the fourth quarter. Wells Fargo & Company MN now owns 15,122 shares of the specialty chemicals company's stock valued at $2,129,000 after buying an additional 1,877 shares in the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

Quaker Chemical Stock Up 3.3 %

NYSE KWR traded up $3.37 during trading on Wednesday, reaching $107.02. The company's stock had a trading volume of 18,692 shares, compared to its average volume of 126,442. 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 stock has a market capitalization of $1.89 billion, a PE ratio of 15.69, a PEG ratio of 1.62 and a beta of 1.44. Quaker Chemical Co. has a 1-year low of $95.91 and a 1-year high of $197.03. The business has a 50-day moving average price of $124.56 and a 200-day moving average price of $141.29.

Quaker Chemical (NYSE:KWR - Get Free Report) last posted its 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 the consensus estimate of $430.47 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. During the same quarter last year, the business earned $1.78 earnings per share. On average, research analysts forecast that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently commented on KWR shares. Piper Sandler lowered their price objective on shares of Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Royal Bank of Canada lowered their price target on shares of Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Finally, StockNews.com lowered Quaker Chemical from a "buy" rating to a "hold" rating in a 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.