Quaker Chemical Co. (NYSE:KWR) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 16.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 636,739 shares of the specialty chemicals company’s stock after buying an additional 90,726 shares during the period. JPMorgan Chase & Co. owned approximately 3.58% of Quaker Chemical worth $107,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KWR. Lord Abbett & CO. LLC grew its stake in shares of Quaker Chemical by 53.3% during the third quarter. Lord Abbett & CO. LLC now owns 46,158 shares of the specialty chemicals company’s stock worth $7,777,000 after acquiring an additional 16,051 shares during the last quarter. Franklin Resources Inc. increased its stake in Quaker Chemical by 12.8% during the 3rd quarter. Franklin Resources Inc. now owns 13,483 shares of the specialty chemicals company’s stock valued at $2,184,000 after purchasing an additional 1,532 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Quaker Chemical by 1.0% in the third quarter. Geode Capital Management LLC now owns 312,784 shares of the specialty chemicals company’s stock worth $52,713,000 after buying an additional 3,118 shares during the last quarter. Barclays PLC lifted its stake in shares of Quaker Chemical by 284.2% during the third quarter. Barclays PLC now owns 28,395 shares of the specialty chemicals company’s stock worth $4,784,000 after buying an additional 21,004 shares during the period. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Quaker Chemical during the third quarter valued at $208,000. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KWR has been the subject of a number of research reports. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Deutsche Bank Aktiengesellschaft dropped 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 price objective on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Finally, Piper Sandler increased their price objective 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 Stock Up 0.5 %

Quaker Chemical stock opened at $140.76 on Thursday. The business’s 50-day moving average price is $155.87 and its 200 day moving average price is $163.54. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 1.84 and a beta of 1.38. Quaker Chemical Co. has a 52 week low of $137.00 and a 52 week high of $214.19.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings data 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). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm had revenue of $462.27 million for the quarter, compared to analyst estimates of $469.17 million. During the same period in the previous year, the business earned $2.05 EPS. Quaker Chemical’s revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Quaker Chemical Co. will post 7.78 earnings per share for the current year.

Quaker Chemical Dividend Announcement

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 paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, January 17th. Quaker Chemical’s payout ratio is currently 28.45%.

Insider Activity

In related news, SVP David Slinkman sold 1,700 shares of Quaker Chemical stock in a transaction on Monday, November 25th. The shares were sold at an average price of $167.80, for a total value of $285,260.00. Following the sale, the senior vice president now owns 2,825 shares of the company’s stock, valued at approximately $474,035. This trade represents a 37.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeewat Bijlani sold 645 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 4,747 shares of the company’s stock, valued at $787,907.06. This represents a 11.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.