Bank of New York Mellon Corp Sells 548 Shares of Quaker Chemical Co. (NYSE:KWR)

Bank of New York Mellon Corp lessened its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 0.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 123,656 shares of the specialty chemicals company’s stock after selling 548 shares during the period. Bank of New York Mellon Corp owned 0.70% of Quaker Chemical worth $17,406,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its stake in Quaker Chemical by 1.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 9,013 shares of the specialty chemicals company’s stock worth $1,269,000 after purchasing an additional 110 shares during the period. Park Avenue Securities LLC raised its holdings in Quaker Chemical by 9.2% in the 4th quarter. Park Avenue Securities LLC now owns 1,729 shares of the specialty chemicals company’s stock valued at $243,000 after acquiring an additional 146 shares during the period. KBC Group NV grew its position in shares of Quaker Chemical by 32.8% during the 4th quarter. KBC Group NV now owns 697 shares of the specialty chemicals company’s stock worth $98,000 after purchasing an additional 172 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Quaker Chemical by 5.1% during the 3rd quarter. Victory Capital Management Inc. now owns 5,332 shares of the specialty chemicals company’s stock worth $898,000 after purchasing an additional 259 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Quaker Chemical by 30.7% during the 3rd quarter. HighTower Advisors LLC now owns 1,795 shares of the specialty chemicals company’s stock worth $312,000 after acquiring an additional 422 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KWR shares. Piper Sandler reissued a “neutral” rating and issued a $170.00 price objective (down previously from $200.00) on shares of Quaker Chemical in a research note on Tuesday, January 7th. StockNews.com downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada dropped 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.

Quaker Chemical Price Performance

KWR stock opened at $133.37 on Wednesday. The company has a fifty day moving average price of $137.81 and a 200-day moving average price of $152.32. The company has a market capitalization of $2.36 billion, a P/E ratio of 19.56, a PEG ratio of 1.62 and a beta of 1.43. Quaker Chemical Co. has a 52-week low of $124.66 and a 52-week high of $207.83. 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 (NYSE:KWR) last released its quarterly earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.29). The business had revenue of $444.09 million for the quarter, compared to the consensus estimate of $430.47 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. During the same period in the previous year, the business posted $1.78 EPS. As a group, equities analysts expect that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Announces Dividend

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

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.