Park Avenue Securities LLC Has $267,000 Stake in Quaker Chemical Co. (NYSE:KWR)

Park Avenue Securities LLC lessened its stake in shares of Quaker Chemical Co. (NYSE:KWR) by 29.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,583 shares of the specialty chemicals company’s stock after selling 654 shares during the period. Park Avenue Securities LLC’s holdings in Quaker Chemical were worth $267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KWR. Allspring Global Investments Holdings LLC boosted its position in shares of Quaker Chemical by 337.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 224,008 shares of the specialty chemicals company’s stock worth $38,014,000 after purchasing an additional 172,750 shares in the last quarter. Marshall Wace LLP boosted its holdings in Quaker Chemical by 2,077.7% in the second quarter. Marshall Wace LLP now owns 138,239 shares of the specialty chemicals company’s stock worth $23,459,000 after acquiring an additional 131,891 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Quaker Chemical by 1,080.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 82,600 shares of the specialty chemicals company’s stock valued at $16,954,000 after acquiring an additional 75,600 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Quaker Chemical by 14.8% during the second quarter. Dimensional Fund Advisors LP now owns 359,617 shares of the specialty chemicals company’s stock valued at $61,027,000 after acquiring an additional 46,240 shares in the last quarter. Finally, F M Investments LLC acquired a new position in shares of Quaker Chemical during the second quarter worth approximately $5,189,000. 77.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

KWR has been the subject of a number of recent research reports. StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. Royal Bank of Canada lowered their target price 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. Finally, Deutsche Bank Aktiengesellschaft cut their price target 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 Stock Performance

Shares of KWR stock opened at $161.60 on Monday. Quaker Chemical Co. has a one year low of $138.67 and a one year high of $221.94. The company has a market cap of $2.91 billion, a P/E ratio of 24.60, a P/E/G ratio of 1.85 and a beta of 1.37. The firm has a 50-day moving average of $163.90 and a 200-day moving average of $176.18. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.63 and a quick ratio of 1.94.

Quaker Chemical (NYSE:KWR) last posted its 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). The firm had revenue of $463.57 million for the quarter, compared to the consensus estimate of $493.68 million. Quaker Chemical had a return on equity of 10.49% and a net margin of 6.56%. Quaker Chemical’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.93 EPS. Equities research analysts forecast 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 given a $0.485 dividend. The ex-dividend date is Thursday, October 17th. This represents a $1.94 annualized dividend and a yield of 1.20%. This is a boost from Quaker Chemical’s previous quarterly dividend of $0.46. Quaker Chemical’s payout ratio is currently 29.53%.

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.