HighTower Advisors LLC Acquires 422 Shares of Quaker Chemical Co. (NYSE:KWR)

HighTower Advisors LLC increased its position in shares of Quaker Chemical Co. (NYSE:KWR) by 30.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,795 shares of the specialty chemicals company’s stock after buying an additional 422 shares during the quarter. HighTower Advisors LLC’s holdings in Quaker Chemical were worth $312,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in Quaker Chemical by 337.0% during the second 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 during the period. Marshall Wace LLP lifted its holdings in shares of Quaker Chemical by 2,077.7% during the 2nd 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 during the period. WCM Investment Management LLC acquired a new position in shares of Quaker Chemical during the 3rd quarter worth $9,288,000. Cerity Partners LLC lifted its holdings in shares of Quaker Chemical by 485.5% in the third quarter. Cerity Partners LLC now owns 64,631 shares of the specialty chemicals company’s stock worth $10,890,000 after acquiring an additional 53,592 shares during the last quarter. Finally, 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 worth $61,027,000 after buying an additional 46,240 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Chemical Trading Down 0.8 %

Shares of KWR stock opened at $137.52 on Tuesday. 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 Co. has a 52-week low of $137.00 and a 52-week high of $221.94. The company has a market capitalization of $2.45 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.84 and a beta of 1.38. The business’s fifty day moving average is $158.71 and its 200 day moving average is $165.12.

Quaker Chemical (NYSE:KWR) last announced 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). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The company had revenue of $462.27 million during the quarter, compared to the consensus estimate of $469.17 million. During the same quarter in the previous year, the firm posted $2.05 EPS. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, equities research analysts anticipate that Quaker Chemical Co. will post 7.78 EPS for the current fiscal year.

Quaker Chemical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.485 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.94 annualized dividend and a yield of 1.41%. Quaker Chemical’s dividend payout ratio (DPR) is presently 28.45%.

Insider Activity

In related news, EVP Jeewat Bijlani sold 645 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $165.98, for a total transaction 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 trade represents a 11.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP David Slinkman sold 1,700 shares of the business’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 transaction, the senior vice president now directly owns 2,825 shares of the company’s stock, valued at approximately $474,035. This trade represents a 37.57 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

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

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.