Sei Investments Co. Grows Position in Quaker Chemical Co. (NYSE:KWR)

Sei Investments Co. increased its stake in shares of Quaker Chemical Co. (NYSE:KWR) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,829 shares of the specialty chemicals company’s stock after acquiring an additional 1,371 shares during the quarter. Sei Investments Co. owned about 0.18% of Quaker Chemical worth $4,620,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Quaker Chemical during the 4th quarter valued at about $58,000. KBC Group NV lifted its stake in shares of Quaker Chemical by 32.8% in the 4th quarter. KBC Group NV now owns 697 shares of the specialty chemicals company’s stock valued at $98,000 after purchasing an additional 172 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Quaker Chemical by 100.0% in the 3rd 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 period. iSAM Funds UK Ltd purchased a new position in shares of Quaker Chemical in the 3rd quarter worth approximately $208,000. Finally, CIBC Asset Management Inc bought a new position in shares of Quaker Chemical during the 4th quarter valued at approximately $211,000. 77.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Royal Bank of Canada dropped their price objective on shares of Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. StockNews.com downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Piper Sandler reduced their price objective on shares of Quaker Chemical from $170.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday.

Quaker Chemical Stock Performance

Shares of NYSE KWR opened at $124.36 on Thursday. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The company has a 50 day simple moving average of $135.89 and a two-hundred day simple moving average of $148.14. Quaker Chemical Co. has a 12 month low of $119.57 and a 12 month high of $203.21. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 1.62 and a beta of 1.43.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.29). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm had revenue of $444.09 million during the quarter, compared to analysts’ expectations of $430.47 million. During the same period in the previous year, the firm posted $1.78 EPS. As a group, analysts predict that Quaker Chemical Co. will post 7.75 earnings per share for the current year.

Quaker Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 dividend on an annualized basis and a yield of 1.56%. Quaker Chemical’s payout ratio is 29.80%.

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.