Stifel Financial Corp Grows Stock Position in Quaker Chemical Co. (NYSE:KWR)

Stifel Financial Corp boosted its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 8.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,316 shares of the specialty chemicals company’s stock after acquiring an additional 1,117 shares during the quarter. Stifel Financial Corp owned about 0.08% of Quaker Chemical worth $2,412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royce & Associates LP increased its position in shares of Quaker Chemical by 5.3% during the 3rd quarter. Royce & Associates LP now owns 434,303 shares of the specialty chemicals company’s stock worth $73,176,000 after purchasing an additional 21,986 shares during the last quarter. Copeland Capital Management LLC increased its position 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 valued at $65,495,000 after acquiring an additional 2,592 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Quaker Chemical by 14.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 359,617 shares of the specialty chemicals company’s stock valued at $61,027,000 after acquiring an additional 46,240 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Quaker Chemical by 39.2% in the 3rd 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 last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Quaker Chemical by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 162,401 shares of the specialty chemicals company’s stock worth $27,363,000 after purchasing an additional 3,951 shares during the period. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Quaker Chemical Stock Down 2.6 %

Quaker Chemical stock opened at $144.13 on Thursday. The firm has a market capitalization of $2.56 billion, a P/E ratio of 21.13, a P/E/G ratio of 1.84 and a beta of 1.38. The stock’s fifty day simple moving average is $160.38 and its 200-day simple moving average is $166.19. Quaker Chemical Co. has a twelve month low of $143.76 and a twelve month high of $221.94. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48.

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

Quaker Chemical Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Friday, January 17th. Quaker Chemical’s dividend payout ratio (DPR) is presently 28.45%.

Analyst Ratings Changes

A number of analysts have issued reports on KWR shares. Deutsche Bank Aktiengesellschaft cut their target price on 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 decreased their target price on 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 upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. 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.

Insider Buying and Selling at Quaker Chemical

In related news, SVP David Slinkman sold 1,700 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $167.80, for a total value of $285,260.00. Following the completion of the transaction, the senior vice president now directly owns 2,825 shares of the company’s stock, valued at $474,035. This represents a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jeewat Bijlani sold 645 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $165.98, for a total transaction of $107,057.10. Following the sale, the executive vice president now directly owns 4,747 shares in the company, valued at approximately $787,907.06. The trade was a 11.96 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.