SG Americas Securities LLC Has $183,000 Position in Quaker Chemical Co. (NYSE:KWR)

SG Americas Securities LLC boosted its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 8.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 856 shares of the specialty chemicals company’s stock after acquiring an additional 68 shares during the quarter. SG Americas Securities LLC’s holdings in Quaker Chemical were worth $183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Ziegler Capital Management LLC acquired a new stake in Quaker Chemical during the fourth quarter worth $2,370,000. Qube Research & Technologies Ltd boosted its stake in shares of Quaker Chemical by 111.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 20,044 shares of the specialty chemicals company’s stock valued at $3,207,000 after purchasing an additional 10,567 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Quaker Chemical by 9.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 179,480 shares of the specialty chemicals company’s stock valued at $28,717,000 after purchasing an additional 15,958 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Quaker Chemical by 13.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 681,245 shares of the specialty chemicals company’s stock valued at $108,999,000 after purchasing an additional 80,043 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Quaker Chemical by 3.9% in the 3rd quarter. FMR LLC now owns 187,625 shares of the specialty chemicals company’s stock valued at $30,020,000 after purchasing an additional 6,961 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 research analysts have recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Quaker Chemical from $200.00 to $223.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd.

Quaker Chemical Stock Down 1.4 %

Shares of NYSE KWR opened at $193.77 on Monday. The firm’s 50-day simple moving average is $198.96 and its 200 day simple moving average is $186.35. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 1.49 and a beta of 1.49. The company has a quick ratio of 1.89, a current ratio of 2.52 and a debt-to-equity ratio of 0.53. Quaker Chemical Co. has a 12-month low of $138.67 and a 12-month high of $221.94.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Friday, March 1st. The specialty chemicals company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.11. The business had revenue of $467.11 million for the quarter, compared to the consensus estimate of $470.55 million. Quaker Chemical had a net margin of 5.77% and a return on equity of 10.22%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 EPS. On average, research analysts expect that Quaker Chemical Co. will post 8.69 earnings per share for the current fiscal year.

Quaker Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a dividend of $0.455 per share. The ex-dividend date is Monday, April 15th. This represents a $1.82 annualized dividend and a yield of 0.94%. Quaker Chemical’s dividend payout ratio (DPR) is 29.07%.

Quaker Chemical declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 28th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the specialty chemicals company to reacquire up to 4.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

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.