Quaker Chemical Co. (NYSE:KWR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in Quaker Chemical Co. (NYSE:KWR) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,073 shares of the specialty chemicals company’s stock after selling 157 shares during the period. Victory Capital Management Inc.’s holdings in Quaker Chemical were worth $861,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Quaker Chemical by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company’s stock valued at $329,942,000 after purchasing an additional 8,484 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Quaker Chemical by 9.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 281,367 shares of the specialty chemicals company’s stock valued at $60,056,000 after purchasing an additional 25,442 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in shares of Quaker Chemical by 3.0% in the 4th quarter. Eagle Asset Management Inc. now owns 264,387 shares of the specialty chemicals company’s stock valued at $56,425,000 after purchasing an additional 7,586 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Quaker Chemical by 337.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 224,008 shares of the specialty chemicals company’s stock valued at $38,014,000 after purchasing an additional 172,750 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Quaker Chemical by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 138,878 shares of the specialty chemicals company’s stock valued at $23,568,000 after purchasing an additional 4,733 shares in the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.

Quaker Chemical Stock Performance

Quaker Chemical stock opened at $165.69 on Friday. The stock’s 50 day moving average price is $169.12 and its 200 day moving average price is $180.37. The firm 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. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.94 and a current ratio of 2.63. Quaker Chemical Co. has a one year low of $138.67 and a one year high of $221.94.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings results on Monday, August 5th. The specialty chemicals company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.08). Quaker Chemical had a return on equity of 10.49% and a net margin of 6.56%. The company had revenue of $463.57 million for the quarter, compared to analyst estimates of $493.68 million. During the same period last year, the firm posted $1.93 earnings per share. The business’s revenue was down 6.4% on a year-over-year basis. As a group, sell-side analysts expect 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. Shareholders of record on Thursday, October 17th will be issued a dividend of $0.485 per share. The ex-dividend date is Thursday, October 17th. This is an increase from Quaker Chemical’s previous quarterly dividend of $0.46. This represents a $1.94 annualized dividend and a yield of 1.17%. Quaker Chemical’s payout ratio is currently 27.70%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. StockNews.com lowered Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on Quaker Chemical from $225.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, August 26th. Finally, Royal Bank of Canada reduced their price target on Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th.

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.