T. Rowe Price Investment Management Inc. Purchases 17,048 Shares of Quaker Chemical Co. (NYSE:KWR)

T. Rowe Price Investment Management Inc. lifted its stake in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) by 4.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 378,092 shares of the specialty chemicals company's stock after acquiring an additional 17,048 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 2.13% of Quaker Chemical worth $53,221,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in KWR. TD Waterhouse Canada Inc. bought a new stake in Quaker Chemical during the fourth quarter worth about $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in Quaker Chemical in the 4th quarter worth approximately $58,000. Covestor Ltd lifted its position in Quaker Chemical by 24.8% in the 4th quarter. Covestor Ltd now owns 665 shares of the specialty chemicals company's stock worth $94,000 after buying an additional 132 shares during the last quarter. KBC Group NV grew its position in Quaker Chemical by 32.8% during the fourth quarter. KBC Group NV now owns 697 shares of the specialty chemicals company's stock valued at $98,000 after acquiring an additional 172 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd raised its stake in shares of Quaker Chemical by 10,163.6% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,129 shares of the specialty chemicals company's stock worth $159,000 after acquiring an additional 1,118 shares in the last quarter. 77.46% of the stock is owned by institutional investors.

Quaker Chemical Trading Down 1.5 %

Shares of Quaker Chemical stock traded down $1.55 during trading on Thursday, reaching $104.40. 29,984 shares of the stock were exchanged, compared to its average volume of 128,601. 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 firm has a market cap of $1.84 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth 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 stock's fifty day moving average is $120.10 and its 200 day moving average is $139.12.

Quaker Chemical (NYSE:KWR - Get Free Report) last released its quarterly earnings data 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 business had revenue of $444.09 million during the quarter, compared to analysts' expectations of $430.47 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. During the same quarter last year, the business posted $1.78 EPS. As a group, equities research analysts expect 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 was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th were paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Wednesday, April 16th. Quaker Chemical's payout ratio is 29.80%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KWR shares. StockNews.com lowered shares of Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Piper Sandler lowered 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, Royal Bank of Canada decreased 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.

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.