Natixis Advisors LLC Invests $2.49 Million in Quaker Chemical Co. (NYSE:KWR)

Natixis Advisors LLC purchased a new stake in Quaker Chemical Co. (NYSE:KWR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,764 shares of the specialty chemicals company’s stock, valued at approximately $2,488,000. Natixis Advisors LLC owned 0.08% of Quaker Chemical as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in KWR. First Pacific Financial purchased a new position in Quaker Chemical during the second quarter valued at approximately $25,000. GAMMA Investing LLC raised its position in shares of Quaker Chemical by 105.3% in the 3rd quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 80 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Quaker Chemical by 36.8% during the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock valued at $49,000 after buying an additional 77 shares during the last quarter. KBC Group NV grew its position in shares of Quaker Chemical by 50.9% in the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock worth $88,000 after buying an additional 177 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Quaker Chemical during the 2nd quarter valued at $136,000. Institutional investors own 77.46% of the company’s stock.

Quaker Chemical Price Performance

Quaker Chemical stock opened at $165.13 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The company’s fifty day moving average price is $163.90 and its 200 day moving average price is $169.85. The stock has a market capitalization of $2.94 billion, a P/E ratio of 24.21, a P/E/G ratio of 2.01 and a beta of 1.38. Quaker Chemical Co. has a 1 year low of $151.31 and a 1 year high of $221.94.

Quaker Chemical (NYSE:KWR) last released its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). The company had revenue of $462.27 million for the quarter, compared to analysts’ expectations of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.05 EPS. As a group, equities research analysts anticipate that Quaker Chemical Co. will post 7.78 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.485 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.94 annualized dividend and a dividend yield of 1.17%. Quaker Chemical’s dividend payout ratio (DPR) is presently 28.45%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada reduced their price objective on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Piper Sandler lifted their target price on shares of Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, StockNews.com lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

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.