Fmr LLC Has $33.38 Million Position in Quaker Chemical Co. (NYSE:KWR)

Fmr LLC lowered its position in Quaker Chemical Co. (NYSE:KWR) by 18.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 198,094 shares of the specialty chemicals company’s stock after selling 44,474 shares during the period. Fmr LLC owned 1.11% of Quaker Chemical worth $33,377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of KWR. Royce & Associates LP grew its stake in shares of Quaker Chemical by 5.3% in the third quarter. Royce & Associates LP now owns 434,303 shares of the specialty chemicals company’s stock worth $73,176,000 after acquiring an additional 21,986 shares during the last quarter. Copeland Capital Management LLC grew its holdings in shares of Quaker Chemical by 0.7% in the 3rd quarter. Copeland Capital Management LLC now owns 388,719 shares of the specialty chemicals company’s stock worth $65,495,000 after purchasing an additional 2,592 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Quaker Chemical by 14.8% in 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 during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Quaker Chemical by 39.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 311,865 shares of the specialty chemicals company’s stock worth $52,546,000 after purchasing an additional 87,857 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Quaker Chemical by 2.5% in the third 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 during the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Chemical Trading Up 1.7 %

Shares of Quaker Chemical stock opened at $156.92 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The firm has a 50-day moving average of $161.82 and a 200-day moving average of $167.61. Quaker Chemical Co. has a 52-week low of $151.31 and a 52-week high of $221.94. The stock has a market cap of $2.79 billion, a PE ratio of 23.01, a PEG ratio of 1.90 and a beta of 1.38.

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

Quaker Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 1.24%. The ex-dividend date is Friday, January 17th. Quaker Chemical’s payout ratio is 28.45%.

Insider Buying and Selling at Quaker Chemical

In other news, SVP David Slinkman sold 1,700 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $167.80, for a total transaction of $285,260.00. Following the completion of the sale, the senior vice president now directly owns 2,825 shares in the company, valued at $474,035. This represents a 37.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jeewat Bijlani sold 645 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 4,747 shares of the company’s stock, valued at $787,907.06. This represents a 11.96 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of 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 price target on Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Finally, Royal Bank of Canada decreased their target price on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, November 4th.

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.