Quaker Chemical Co. (NYSE:KWR) Holdings Boosted by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Quaker Chemical Co. (NYSE:KWR) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,599,027 shares of the specialty chemicals company’s stock after purchasing an additional 11,807 shares during the quarter. Vanguard Group Inc. owned approximately 8.89% of Quaker Chemical worth $341,264,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in KWR. UBS Group AG grew its stake in Quaker Chemical by 59.8% during the 3rd quarter. UBS Group AG now owns 12,320 shares of the specialty chemicals company’s stock worth $1,971,000 after buying an additional 4,611 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Quaker Chemical during the 3rd quarter valued at about $236,000. Envestnet Asset Management Inc. grew its position in Quaker Chemical by 35.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 67,619 shares of the specialty chemicals company’s stock worth $10,819,000 after purchasing an additional 17,722 shares during the last quarter. FMR LLC increased its stake in shares of Quaker Chemical by 3.9% in the third quarter. FMR LLC now owns 187,625 shares of the specialty chemicals company’s stock valued at $30,020,000 after purchasing an additional 6,961 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in shares of Quaker Chemical by 138.4% during the third quarter. Hsbc Holdings PLC now owns 9,183 shares of the specialty chemicals company’s stock valued at $1,498,000 after buying an additional 5,331 shares during the last quarter. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Quaker Chemical Price Performance

Shares of NYSE:KWR opened at $169.70 on Friday. The stock’s 50 day moving average price is $181.37 and its 200 day moving average price is $193.47. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.98. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 1.34 and a beta of 1.42. Quaker Chemical Co. has a 12 month low of $138.67 and a 12 month high of $221.94.

Quaker Chemical (NYSE:KWR) last released 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. Quaker Chemical had a return on equity of 10.35% and a net margin of 6.16%. The firm had revenue of $469.76 million for the quarter, compared to analyst estimates of $494.53 million. During the same period in the previous year, the company earned $1.89 earnings per share. Quaker Chemical’s revenue was down 6.1% compared to the same quarter last year. Equities research analysts anticipate that Quaker Chemical Co. will post 8.68 earnings per share for the current fiscal year.

Quaker Chemical Dividend Announcement

The firm 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 yield of 1.07%. The ex-dividend date of this dividend is Wednesday, July 17th. Quaker Chemical’s payout ratio is 27.70%.

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.