Principal Financial Group Inc. Trims Holdings in Quaker Chemical Co. (NYSE:KWR)

Principal Financial Group Inc. lowered its stake in shares of Quaker Chemical Co. (NYSE:KWR) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,476 shares of the specialty chemicals company’s stock after selling 2,204 shares during the quarter. Principal Financial Group Inc. owned approximately 0.40% of Quaker Chemical worth $12,043,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in KWR. First Pacific Financial bought a new stake in shares of Quaker Chemical in the 2nd quarter valued at approximately $25,000. GAMMA Investing LLC lifted its position in shares of Quaker Chemical by 105.3% in the 3rd quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 80 shares during the last quarter. Fifth Third Bancorp boosted its holdings 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 valued at $49,000 after buying an additional 77 shares during the period. nVerses Capital LLC bought a new stake in shares of Quaker Chemical during the 2nd quarter valued at about $136,000. Finally, SG Americas Securities LLC raised its stake in Quaker Chemical by 54.5% during the second quarter. SG Americas Securities LLC now owns 1,032 shares of the specialty chemicals company’s stock worth $175,000 after acquiring an additional 364 shares during the period. Institutional investors own 77.46% of the company’s stock.

Quaker Chemical Stock Down 0.5 %

KWR opened at $167.71 on Monday. The stock’s 50 day moving average price is $163.45 and its 200 day moving average price is $170.65. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The stock has a market cap of $2.98 billion, a P/E ratio of 24.59, a P/E/G ratio of 2.02 and a beta of 1.38. Quaker Chemical Co. has a 12 month low of $151.31 and a 12 month high of $221.94.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The business had revenue of $462.27 million for the quarter, compared to analyst estimates of $469.17 million. During the same period last year, the business posted $2.05 earnings per share. Quaker Chemical’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, research analysts predict that Quaker Chemical Co. will post 7.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on KWR shares. StockNews.com downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Royal Bank of Canada lowered their price objective on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut their target price on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Piper Sandler upped their price target on shares of Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th.

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.