Louisiana State Employees Retirement System Decreases Stake in Quaker Chemical Co. (NYSE:KWR)

Louisiana State Employees Retirement System cut its holdings in Quaker Chemical Co. (NYSE:KWR) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,600 shares of the specialty chemicals company’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Quaker Chemical were worth $929,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its stake in shares of Quaker Chemical by 112.8% in the third quarter. Harbor Capital Advisors Inc. now owns 8,903 shares of the specialty chemicals company’s stock valued at $1,500,000 after buying an additional 4,720 shares in the last quarter. Cerity Partners LLC boosted its stake 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 valued at $10,890,000 after buying an additional 53,592 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Quaker Chemical by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 636,739 shares of the specialty chemicals company’s stock valued at $107,284,000 after buying an additional 90,726 shares in the last quarter. Seizert Capital Partners LLC boosted its stake in shares of Quaker Chemical by 122.7% in the third quarter. Seizert Capital Partners LLC now owns 20,067 shares of the specialty chemicals company’s stock valued at $3,381,000 after buying an additional 11,058 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Quaker Chemical by 108.3% in the third quarter. Mutual of America Capital Management LLC now owns 56,906 shares of the specialty chemicals company’s stock valued at $9,588,000 after buying an additional 29,584 shares in the last quarter. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Quaker Chemical

In other news, EVP Jeewat Bijlani sold 645 shares of Quaker Chemical 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 completion of the sale, the executive vice president now owns 4,747 shares of the company’s stock, valued at $787,907.06. The trade was a 11.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Slinkman sold 1,700 shares of Quaker Chemical 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 directly owns 2,825 shares of the company’s stock, valued at approximately $474,035. This represents a 37.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Quaker Chemical Stock Performance

NYSE KWR opened at $140.12 on Tuesday. Quaker Chemical Co. has a fifty-two week low of $124.66 and a fifty-two week high of $207.83. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 1.54 and a beta of 1.39. The business has a fifty day moving average of $139.41 and a 200-day moving average of $154.65. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48.

Quaker Chemical Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a $0.485 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.38%. Quaker Chemical’s dividend payout ratio (DPR) is 28.45%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KWR shares. Royal Bank of Canada reduced their price objective on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Piper Sandler reaffirmed a “neutral” rating and set a $170.00 price objective (down from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reduced 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, StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday, November 28th.

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.