Quaker Chemical Co. (NYSE:KWR) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in Quaker Chemical Co. (NYSE:KWR) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,071 shares of the specialty chemicals company’s stock after selling 167 shares during the quarter. Amalgamated Bank’s holdings in Quaker Chemical were worth $686,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Harbor Capital Advisors Inc. increased its stake in 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 purchasing an additional 4,720 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Quaker Chemical by 1.0% during the third quarter. Nisa Investment Advisors LLC now owns 13,001 shares of the specialty chemicals company’s stock worth $2,191,000 after acquiring an additional 123 shares during the period. Copeland Capital Management LLC increased its stake in shares of Quaker Chemical by 0.7% during the third quarter. Copeland Capital Management LLC now owns 388,719 shares of the specialty chemicals company’s stock worth $65,495,000 after acquiring an additional 2,592 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Quaker Chemical by 39.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 311,865 shares of the specialty chemicals company’s stock worth $52,546,000 after acquiring an additional 87,857 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Quaker Chemical by 4.7% during the third quarter. Raymond James & Associates now owns 34,728 shares of the specialty chemicals company’s stock worth $5,851,000 after acquiring an additional 1,549 shares during the period. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped 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 dropped 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. StockNews.com lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Piper Sandler boosted their price target on shares of Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th.

Quaker Chemical Trading Down 0.5 %

Shares of KWR opened at $167.77 on Friday. 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 firm’s 50-day moving average is $163.45 and its two-hundred day moving average is $170.88. Quaker Chemical Co. has a twelve month low of $151.31 and a twelve month high of $221.94. The firm has a market capitalization of $2.98 billion, a P/E ratio of 24.60, a PEG ratio of 2.07 and a beta of 1.38.

Quaker Chemical (NYSE:KWR) last issued its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.19). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The company had revenue of $462.27 million for the quarter, compared to analyst estimates of $469.17 million. During the same quarter in the previous year, the company posted $2.05 earnings per share. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. On average, research analysts predict that Quaker Chemical Co. will post 7.78 earnings per share for the current fiscal year.

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.