Eagle Asset Management Inc. reduced its holdings in Quaker Chemical Co. (NYSE:KWR - Free Report) by 16.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 177,532 shares of the specialty chemicals company's stock after selling 34,498 shares during the quarter. Eagle Asset Management Inc. owned approximately 1.00% of Quaker Chemical worth $30,172,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. First Pacific Financial acquired a new position in Quaker Chemical in the second quarter valued at $25,000. GAMMA Investing LLC increased its stake in Quaker Chemical by 105.3% in the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 80 shares during the last quarter. Fifth Third Bancorp increased its stake in Quaker Chemical by 36.8% in the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company's stock valued at $49,000 after purchasing an additional 77 shares during the last quarter. KBC Group NV increased its stake in 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 purchasing an additional 177 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in Quaker Chemical in the second quarter valued at $136,000. 77.46% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:KWR opened at $165.19 on Friday. Quaker Chemical Co. has a 12 month low of $151.31 and a 12 month high of $221.94. The business has a 50-day moving average of $163.89 and a two-hundred day moving average of $170.25. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The firm has a market capitalization of $2.94 billion, a PE ratio of 24.22, a P/E/G ratio of 2.01 and a beta of 1.38.
Quaker Chemical (NYSE:KWR - Get Free Report) last issued its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.19). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The company had revenue of $462.27 million during the quarter, compared to analysts' expectations of $469.17 million. During the same period in the previous year, the company earned $2.05 EPS. Quaker Chemical's quarterly revenue was down 5.8% on a year-over-year basis. As a group, research analysts forecast that Quaker Chemical Co. will post 7.78 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Friday, January 17th. Quaker Chemical's payout ratio is 28.45%.
Several equities analysts recently commented on the company. Royal Bank of Canada dropped their target price on Quaker Chemical from $195.00 to $180.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their price target 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. Piper Sandler upped their price target on Quaker Chemical from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. Finally, StockNews.com lowered Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th.
View Our Latest Report on 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.
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