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

Victory Capital Management Inc. raised its stake in Quaker Chemical Co. (NYSE:KWR) by 5.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,332 shares of the specialty chemicals company’s stock after acquiring an additional 259 shares during the quarter. Victory Capital Management Inc.’s holdings in Quaker Chemical were worth $898,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in KWR. O Shaughnessy Asset Management LLC acquired a new position in shares of Quaker Chemical in the first quarter worth $304,000. Price T Rowe Associates Inc. MD increased its stake in Quaker Chemical by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company’s stock valued at $22,193,000 after purchasing an additional 3,441 shares during the last quarter. Tidal Investments LLC increased its stake in Quaker Chemical by 18.4% in the first quarter. Tidal Investments LLC now owns 2,842 shares of the specialty chemicals company’s stock valued at $583,000 after purchasing an additional 442 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Quaker Chemical by 374.3% in the second quarter. Harbor Capital Advisors Inc. now owns 4,183 shares of the specialty chemicals company’s stock valued at $710,000 after purchasing an additional 3,301 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Quaker Chemical by 54.5% in the second quarter. SG Americas Securities LLC now owns 1,032 shares of the specialty chemicals company’s stock valued at $175,000 after purchasing an additional 364 shares during the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Quaker Chemical

In other news, SVP David Slinkman sold 1,700 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $167.80, for a total value of $285,260.00. Following the completion of the sale, the senior vice president now owns 2,825 shares of the company’s stock, valued at $474,035. This represents a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeewat Bijlani sold 645 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $165.98, for a total value of $107,057.10. Following the completion of the sale, the executive vice president now directly owns 4,747 shares of the company’s stock, valued at $787,907.06. The trade was a 11.96 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Quaker Chemical Price Performance

KWR stock opened at $155.94 on Thursday. The stock has a 50-day moving average price of $163.60 and a two-hundred day moving average price of $169.47. Quaker Chemical Co. has a 12-month low of $151.31 and a 12-month high of $221.94. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The company has a market cap of $2.77 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 1.96 and a beta of 1.38.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (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 firm had revenue of $462.27 million for the quarter, compared to analysts’ expectations of $469.17 million. During the same period last year, the firm posted $2.05 EPS. Quaker Chemical’s revenue was down 5.8% on a year-over-year basis. As a group, research analysts predict that Quaker Chemical Co. will post 7.78 EPS for the current year.

Quaker Chemical Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, January 17th. Quaker Chemical’s dividend payout ratio (DPR) is presently 28.45%.

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.