Wellington Management Group LLP Sells 19,015 Shares of Quaker Chemical Co. (NYSE:KWR)

Wellington Management Group LLP trimmed its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 21.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,011 shares of the specialty chemicals company’s stock after selling 19,015 shares during the quarter. Wellington Management Group LLP owned approximately 0.38% of Quaker Chemical worth $14,515,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of KWR. Virtu Financial LLC bought a new position in shares of Quaker Chemical in the 4th quarter worth $823,000. Comerica Bank grew its stake in Quaker Chemical by 1.1% in the fourth quarter. Comerica Bank now owns 9,057 shares of the specialty chemicals company’s stock valued at $1,933,000 after purchasing an additional 96 shares during the last quarter. First Financial Bankshares Inc bought a new position in Quaker Chemical in the fourth quarter worth about $304,000. Ranger Investment Management L.P. lifted its position in shares of Quaker Chemical by 40.0% during the fourth quarter. Ranger Investment Management L.P. now owns 96,769 shares of the specialty chemicals company’s stock valued at $20,652,000 after buying an additional 27,669 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its holdings in shares of Quaker Chemical by 8.1% in the 4th quarter. Personal CFO Solutions LLC now owns 1,369 shares of the specialty chemicals company’s stock valued at $292,000 after buying an additional 102 shares in the last quarter. Institutional investors own 77.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd. Piper Sandler assumed coverage on Quaker Chemical in a research report on Thursday, May 16th. They issued an “overweight” rating and a $220.00 price objective for the company. Finally, Royal Bank of Canada upped their target price on Quaker Chemical from $200.00 to $223.00 and gave the company an “outperform” rating in a research report on Monday, March 4th.

Quaker Chemical Trading Up 1.1 %

Shares of Quaker Chemical stock opened at $168.70 on Thursday. Quaker Chemical Co. has a 12-month low of $138.67 and a 12-month high of $221.94. The firm’s 50 day simple moving average is $182.15 and its two-hundred day simple moving average is $193.79. The company has a current ratio of 2.66, a quick ratio of 1.98 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 1.33 and a beta of 1.42.

Quaker Chemical (NYSE:KWR) last issued its earnings results on Thursday, May 2nd. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.12. The company had revenue of $469.76 million during the quarter, compared to analyst estimates of $494.53 million. Quaker Chemical had a return on equity of 10.35% and a net margin of 6.16%. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the business posted $1.89 EPS. Analysts predict that Quaker Chemical Co. will post 8.68 EPS for the current year.

Quaker Chemical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Wednesday, July 17th. Quaker Chemical’s dividend payout ratio (DPR) is 27.70%.

Quaker Chemical declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 28th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the specialty chemicals company to reacquire up to 4.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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.