New York State Teachers Retirement System Sells 400 Shares of Quaker Chemical Co. (NYSE:KWR)

New York State Teachers Retirement System cut its stake in shares of Quaker Chemical Co. (NYSE:KWR) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,640 shares of the specialty chemicals company’s stock after selling 400 shares during the period. New York State Teachers Retirement System owned 0.12% of Quaker Chemical worth $2,905,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KWR. KBC Group NV increased its position in shares of Quaker Chemical by 50.9% in the third quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock worth $88,000 after purchasing an additional 177 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Quaker Chemical by 100.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company’s stock worth $153,000 after purchasing an additional 453 shares during the last quarter. iSAM Funds UK Ltd bought a new position in shares of Quaker Chemical in the third quarter worth approximately $208,000. Edgestream Partners L.P. bought a new position in shares of Quaker Chemical in the third quarter worth approximately $215,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Quaker Chemical in the third quarter worth approximately $239,000. 77.46% of the stock is currently owned by institutional investors.

Quaker Chemical Stock Performance

NYSE:KWR opened at $141.64 on Friday. The stock has a market cap of $2.52 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 1.60 and a beta of 1.39. The firm’s fifty day simple moving average is $138.62 and its 200 day simple moving average is $154.15. Quaker Chemical Co. has a twelve month low of $124.66 and a twelve month high of $207.83. 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical’s dividend payout ratio (DPR) is presently 28.45%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on KWR shares. Piper Sandler reissued a “neutral” rating and set a $170.00 price target (down from $200.00) on shares of Quaker Chemical in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Royal Bank of Canada decreased their price target on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Finally, StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

Insider Activity

In other news, SVP David Slinkman sold 1,700 shares of the business’s 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 sale, the senior vice president now owns 2,825 shares in the company, valued at approximately $474,035. The trade was a 37.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

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.