Public Employees Retirement Association of Colorado Sells 202 Shares of Quaker Chemical Co. (NYSE:KWR)

Public Employees Retirement Association of Colorado trimmed its position in shares of Quaker Chemical Co. (NYSE:KWR) by 0.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 122,131 shares of the specialty chemicals company’s stock after selling 202 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.68% of Quaker Chemical worth $20,726,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KWR. Fidelis Capital Partners LLC purchased a new position in shares of Quaker Chemical in the 1st quarter valued at approximately $25,000. First Pacific Financial bought a new stake in shares of Quaker Chemical during the 2nd quarter valued at $25,000. Mather Group LLC. bought a new stake in shares of Quaker Chemical during the 1st quarter valued at $41,000. Fifth Third Bancorp grew its position in shares of Quaker Chemical by 36.8% in the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 77 shares during the period. Finally, Quest Partners LLC bought a new position in shares of Quaker Chemical in the 4th quarter worth about $83,000. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Quaker Chemical Stock Down 3.9 %

Shares of Quaker Chemical stock opened at $165.69 on Friday. The company has a 50-day simple moving average of $169.12 and a two-hundred day simple moving average of $180.37. Quaker Chemical Co. has a 52-week low of $138.67 and a 52-week high of $221.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.94 and a current ratio of 2.63. The stock has a market capitalization of $2.98 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37.

Quaker Chemical (NYSE:KWR) last announced its quarterly earnings data on Monday, August 5th. The specialty chemicals company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.08). The firm had revenue of $463.57 million during the quarter, compared to analysts’ expectations of $493.68 million. Quaker Chemical had a return on equity of 10.49% and a net margin of 6.56%. Quaker Chemical’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.93 earnings per share. On average, analysts anticipate that Quaker Chemical Co. will post 8.3 EPS for the current fiscal year.

Quaker Chemical Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 1.17%. This is an increase from Quaker Chemical’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, October 17th. Quaker Chemical’s dividend payout ratio (DPR) is presently 27.70%.

Analyst Upgrades and Downgrades

KWR has been the topic of a number of recent research reports. Royal Bank of Canada cut their price objective on shares of Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. StockNews.com downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Quaker Chemical from $225.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, August 26th.

Quaker Chemical 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.