GAMMA Investing LLC Has $26,000 Stock Holdings in Quaker Chemical Co. (NYSE:KWR)

GAMMA Investing LLC increased its stake in Quaker Chemical Co. (NYSE:KWR) by 105.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 156 shares of the specialty chemicals company’s stock after acquiring an additional 80 shares during the quarter. GAMMA Investing LLC’s holdings in Quaker Chemical were worth $26,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KWR. Fidelis Capital Partners LLC acquired a new position in shares of Quaker Chemical in the 1st quarter valued at about $25,000. First Pacific Financial bought a new position in shares of Quaker Chemical during the 2nd quarter worth approximately $25,000. Mather Group LLC. acquired a new stake in shares of Quaker Chemical during the 1st quarter worth approximately $41,000. Fifth Third Bancorp increased its stake in shares of Quaker Chemical by 36.8% in the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock valued at $49,000 after acquiring an additional 77 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Quaker Chemical during the 2nd quarter valued at $136,000. 77.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on KWR. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Quaker Chemical from $225.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, August 26th. StockNews.com downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Royal Bank of Canada reduced their price objective on Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th.

Quaker Chemical Stock Down 1.6 %

Shares of NYSE:KWR opened at $162.23 on Friday. The business’s 50 day moving average is $164.20 and its 200 day moving average is $175.15. Quaker Chemical Co. has a 12-month low of $138.67 and a 12-month high of $221.94. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 1.86 and a beta of 1.37. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.50.

Quaker Chemical (NYSE:KWR) last posted its earnings results on Monday, August 5th. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.08). Quaker Chemical had a return on equity of 10.49% and a net margin of 6.56%. The firm had revenue of $463.57 million during the quarter, compared to the consensus estimate of $493.68 million. During the same quarter in the previous year, the company earned $1.93 EPS. The business’s revenue was down 6.4% compared to the same quarter last year. On average, sell-side analysts forecast that Quaker Chemical Co. will post 8.3 earnings per share for the current fiscal year.

Quaker Chemical Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a dividend of $0.485 per share. The ex-dividend date is Thursday, October 17th. This represents a $1.94 annualized dividend and a dividend yield of 1.20%. This is a boost from Quaker Chemical’s previous quarterly dividend of $0.46. Quaker Chemical’s dividend payout ratio (DPR) is currently 26.45%.

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.