Y Intercept Hong Kong Ltd Takes Position in Quaker Chemical Co. (NYSE:KWR)

Y Intercept Hong Kong Ltd acquired a new position in Quaker Chemical Co. (NYSE:KWR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,691 shares of the specialty chemicals company’s stock, valued at approximately $238,000.

Several other institutional investors have also added to or reduced their stakes in KWR. JPMorgan Chase & Co. lifted its position in shares of Quaker Chemical by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 636,739 shares of the specialty chemicals company’s stock worth $107,284,000 after purchasing an additional 90,726 shares during the period. State Street Corp lifted its holdings in Quaker Chemical by 3.8% in the third quarter. State Street Corp now owns 554,612 shares of the specialty chemicals company’s stock valued at $93,447,000 after buying an additional 20,059 shares during the period. Royce & Associates LP boosted its position in Quaker Chemical by 5.3% during the third quarter. Royce & Associates LP now owns 434,303 shares of the specialty chemicals company’s stock valued at $73,176,000 after acquiring an additional 21,986 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Quaker Chemical by 26.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 394,708 shares of the specialty chemicals company’s stock worth $53,680,000 after acquiring an additional 82,843 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Quaker Chemical by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 312,784 shares of the specialty chemicals company’s stock worth $52,713,000 after acquiring an additional 3,118 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors.

Quaker Chemical Stock Up 0.2 %

KWR stock opened at $133.78 on Wednesday. The stock’s 50 day simple moving average is $138.12 and its 200 day simple moving average is $153.22. The company has a market cap of $2.36 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. Quaker Chemical Co. has a fifty-two week low of $124.66 and a fifty-two week high of $207.83.

Quaker Chemical (NYSE:KWR) last issued its earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.29). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm had revenue of $444.09 million for the quarter, compared to analyst estimates of $430.47 million. During the same period in the previous year, the company earned $1.78 earnings per share. On average, research analysts expect that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical’s dividend payout ratio is currently 29.80%.

Analyst Ratings Changes

KWR has been the topic of several research analyst reports. Piper Sandler restated a “neutral” rating and set a $170.00 target price (down previously from $200.00) on shares of Quaker Chemical in a research report on Tuesday, January 7th. StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Royal Bank of Canada lowered their price objective on shares of Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th.

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.