2,682 Shares in Quaker Chemical Co. (NYSE:KWR) Acquired by Aigen Investment Management LP

Aigen Investment Management LP acquired a new stake in Quaker Chemical Co. (NYSE:KWR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,682 shares of the specialty chemicals company’s stock, valued at approximately $378,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new stake in Quaker Chemical during the fourth quarter worth $58,000. KBC Group NV raised its stake in shares of Quaker Chemical by 50.9% in the third quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock valued at $88,000 after buying an additional 177 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Quaker Chemical by 100.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company’s stock valued at $153,000 after buying an additional 453 shares during the period. iSAM Funds UK Ltd bought a new stake in shares of Quaker Chemical in the third quarter valued at $208,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Quaker Chemical in the fourth quarter valued at $211,000. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Chemical Price Performance

Quaker Chemical stock opened at $138.88 on Friday. Quaker Chemical Co. has a 52 week low of $124.66 and a 52 week high of $207.83. The business has a 50-day simple moving average of $137.91 and a 200 day simple moving average of $152.83. 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 stock has a market cap of $2.45 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 1.62 and a beta of 1.43.

Quaker Chemical (NYSE:KWR) last issued 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). 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 the consensus estimate of $430.47 million. During the same period last year, the firm earned $1.78 EPS. On average, research analysts forecast that Quaker Chemical Co. will post 7.75 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 Wednesday, April 30th. Shareholders 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 yield of 1.40%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical’s dividend payout ratio (DPR) is currently 29.80%.

Wall Street Analysts Forecast Growth

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

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.