WCM Investment Management LLC Has $16.42 Million Stake in Quaker Chemical Co. (NYSE:KWR)

WCM Investment Management LLC boosted its holdings in Quaker Chemical Co. (NYSE:KWR) by 116.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,229 shares of the specialty chemicals company’s stock after buying an additional 63,080 shares during the period. WCM Investment Management LLC’s holdings in Quaker Chemical were worth $16,424,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hunter Perkins Capital Management LLC acquired a new position in shares of Quaker Chemical in the 4th quarter valued at $764,000. KBC Group NV lifted its stake in Quaker Chemical by 32.8% in the fourth quarter. KBC Group NV now owns 697 shares of the specialty chemicals company’s stock valued at $98,000 after buying an additional 172 shares during the period. Inspire Investing LLC boosted its holdings in Quaker Chemical by 17.7% during the fourth quarter. Inspire Investing LLC now owns 2,866 shares of the specialty chemicals company’s stock worth $403,000 after buying an additional 432 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of Quaker Chemical by 9.2% during the 4th quarter. Park Avenue Securities LLC now owns 1,729 shares of the specialty chemicals company’s stock worth $243,000 after buying an additional 146 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in shares of 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 valued at $1,269,000 after acquiring an additional 110 shares during the last quarter. 77.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KWR. StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Royal Bank of Canada decreased their price target on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Piper Sandler reaffirmed a “neutral” rating and set a $170.00 price objective (down previously from $200.00) on shares of Quaker Chemical in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Monday, November 4th.

Quaker Chemical Trading Down 2.2 %

NYSE:KWR opened at $135.53 on Monday. The company has a market cap of $2.41 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 1.54 and a beta of 1.39. Quaker Chemical Co. has a twelve month low of $124.66 and a twelve month high of $207.83. The business has a 50 day moving average price of $141.53 and a two-hundred day moving average price of $156.39. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48.

Quaker Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, January 17th. Quaker Chemical’s payout ratio is 28.45%.

Insider Activity at Quaker Chemical

In other news, SVP David Slinkman sold 1,700 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $167.80, for a total transaction of $285,260.00. Following the completion of the transaction, the senior vice president now directly owns 2,825 shares in the company, valued at $474,035. This represents a 37.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jeewat Bijlani sold 645 shares of Quaker Chemical stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $165.98, for a total value of $107,057.10. Following the completion of the sale, the executive vice president now directly owns 4,747 shares in the company, valued at approximately $787,907.06. This represents a 11.96 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

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.