AlphaQuest LLC Has $775,000 Stock Position in Quaker Chemical Co. (NYSE:KWR)

AlphaQuest LLC reduced its position in Quaker Chemical Co. (NYSE:KWR) by 66.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,503 shares of the specialty chemicals company’s stock after selling 10,700 shares during the period. AlphaQuest LLC’s holdings in Quaker Chemical were worth $775,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Atria Investments Inc raised its holdings in Quaker Chemical by 41.1% in the 3rd quarter. Atria Investments Inc now owns 2,641 shares of the specialty chemicals company’s stock valued at $445,000 after acquiring an additional 769 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in Quaker Chemical by 12.7% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 11,794 shares of the specialty chemicals company’s stock valued at $1,987,000 after acquiring an additional 1,329 shares during the period. WCM Investment Management LLC bought a new position in Quaker Chemical in the 3rd quarter valued at about $9,288,000. Victory Capital Management Inc. raised its holdings in Quaker Chemical by 5.1% in the 3rd quarter. Victory Capital Management Inc. now owns 5,332 shares of the specialty chemicals company’s stock valued at $898,000 after acquiring an additional 259 shares during the period. Finally, KBC Group NV raised its holdings in Quaker Chemical by 50.9% in the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock valued at $88,000 after acquiring an additional 177 shares during the period. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Quaker Chemical Stock Down 1.9 %

Shares of KWR opened at $133.37 on Wednesday. Quaker Chemical Co. has a 12 month low of $124.66 and a 12 month high of $207.83. The firm’s 50 day moving average is $137.81 and its 200-day moving average is $152.32. The stock has a market capitalization of $2.36 billion, a PE ratio of 19.56, a P/E/G ratio of 1.62 and a beta of 1.43. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR) last announced its earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 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 return on equity of 10.10% and a net margin of 6.58%. During the same period in the prior year, the business posted $1.78 earnings per share. Equities research analysts forecast that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Dividend Announcement

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

Analyst Ratings Changes

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

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.