Quaker Chemical Co. (NYSE:KWR) Shares Acquired by Citigroup Inc.

Citigroup Inc. boosted its holdings in Quaker Chemical Co. (NYSE:KWR) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,229 shares of the specialty chemicals company’s stock after purchasing an additional 1,472 shares during the quarter. Citigroup Inc. owned about 0.21% of Quaker Chemical worth $6,273,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Quaker Chemical by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 162,401 shares of the specialty chemicals company’s stock worth $27,363,000 after acquiring an additional 3,951 shares in the last quarter. Intech Investment Management LLC lifted its position in Quaker Chemical by 79.1% during the third quarter. Intech Investment Management LLC now owns 6,321 shares of the specialty chemicals company’s stock valued at $1,065,000 after buying an additional 2,791 shares in the last quarter. King Luther Capital Management Corp boosted its position in Quaker Chemical by 5.6% during the 3rd quarter. King Luther Capital Management Corp now owns 23,591 shares of the specialty chemicals company’s stock worth $3,975,000 after purchasing an additional 1,249 shares during the period. Quest Partners LLC raised its holdings in shares of Quaker Chemical by 29.4% during the 3rd quarter. Quest Partners LLC now owns 16,203 shares of the specialty chemicals company’s stock valued at $2,730,000 after buying an additional 3,683 shares during the period. Finally, Mutual of America Capital Management LLC lifted its position in shares of Quaker Chemical by 108.3% during the third quarter. Mutual of America Capital Management LLC now owns 56,906 shares of the specialty chemicals company’s stock worth $9,588,000 after purchasing an additional 29,584 shares in the last quarter. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Quaker Chemical Trading Up 1.2 %

Shares of NYSE:KWR opened at $157.70 on Monday. The stock’s 50-day moving average is $162.85 and its 200-day moving average is $168.99. Quaker Chemical Co. has a 52-week low of $151.31 and a 52-week high of $221.94. The company has a market cap of $2.81 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.90 and a beta of 1.38. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54.

Quaker Chemical (NYSE:KWR) last released its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm 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 earned $2.05 earnings per share. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. Equities research analysts predict that Quaker Chemical Co. will post 7.78 earnings per share for the current year.

Quaker Chemical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.485 per share. The ex-dividend date is Friday, January 17th. This represents a $1.94 annualized dividend and a dividend yield of 1.23%. Quaker Chemical’s dividend payout ratio (DPR) is presently 28.45%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered their target price on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Piper Sandler raised their target price on shares of Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, StockNews.com upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday.

Insider Activity at Quaker Chemical

In other Quaker Chemical news, EVP Jeewat Bijlani sold 645 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $165.98, for a total value of $107,057.10. Following the transaction, the executive vice president now owns 4,747 shares of the company’s stock, valued at approximately $787,907.06. The trade was a 11.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Slinkman sold 1,700 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were 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 approximately $474,035. This trade represents a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

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.