KLP Kapitalforvaltning AS Purchases Shares of 3,000 Quaker Chemical Co. (NYSE:KWR)

KLP Kapitalforvaltning AS purchased a new stake in shares of Quaker Chemical Co. (NYSE:KWR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,000 shares of the specialty chemicals company’s stock, valued at approximately $422,000.

Other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its position in Quaker Chemical by 1.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,013 shares of the specialty chemicals company’s stock valued at $1,269,000 after buying an additional 110 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Quaker Chemical by 9.2% during the 4th quarter. Park Avenue Securities LLC now owns 1,729 shares of the specialty chemicals company’s stock worth $243,000 after acquiring an additional 146 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of Quaker Chemical by 5.1% during the 4th quarter. Corient Private Wealth LLC now owns 3,095 shares of the specialty chemicals company’s stock valued at $436,000 after acquiring an additional 149 shares during the period. KBC Group NV increased 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 worth $98,000 after purchasing an additional 172 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Quaker Chemical in the 4th quarter worth $58,000. Institutional investors own 77.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KWR. Royal Bank of Canada cut their price target on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Piper Sandler cut their price objective on Quaker Chemical from $170.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, StockNews.com lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th.

Quaker Chemical Trading Down 5.1 %

Shares of NYSE KWR opened at $106.09 on Friday. Quaker Chemical Co. has a twelve month low of $104.25 and a twelve month high of $201.18. The firm has a market cap of $1.87 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 1.62 and a beta of 1.44. The business has a fifty day simple moving average of $134.67 and a two-hundred day simple moving average of $147.47. 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 (NYSE:KWR) last issued its quarterly earnings data on Monday, February 24th. The specialty chemicals company reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.29). The business had revenue of $444.09 million during the quarter, compared to the consensus estimate of $430.47 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. During the same period last year, the firm earned $1.78 EPS. Analysts expect that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

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. This represents a $1.94 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Wednesday, April 16th. Quaker Chemical’s payout ratio is currently 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.