TD Asset Management Inc Sells 1,200 Shares of Quaker Chemical Co. (NYSE:KWR)

TD Asset Management Inc decreased its stake in shares of Quaker Chemical Co. (NYSE:KWRFree Report) by 7.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,140 shares of the specialty chemicals company’s stock after selling 1,200 shares during the period. TD Asset Management Inc owned 0.08% of Quaker Chemical worth $3,231,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Victory Capital Management Inc. boosted its holdings in shares of Quaker Chemical by 46.1% during the third quarter. Victory Capital Management Inc. now owns 3,538 shares of the specialty chemicals company’s stock worth $566,000 after acquiring an additional 1,117 shares during the period. Barclays PLC grew its holdings in Quaker Chemical by 7.8% in the 3rd quarter. Barclays PLC now owns 8,631 shares of the specialty chemicals company’s stock valued at $1,380,000 after buying an additional 627 shares in the last quarter. Swiss National Bank increased its position in Quaker Chemical by 1.1% during the 3rd quarter. Swiss National Bank now owns 27,700 shares of the specialty chemicals company’s stock worth $4,432,000 after buying an additional 300 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Quaker Chemical by 9.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 179,480 shares of the specialty chemicals company’s stock worth $28,717,000 after buying an additional 15,958 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Quaker Chemical by 9.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 146,743 shares of the specialty chemicals company’s stock valued at $23,479,000 after acquiring an additional 12,772 shares during the period. Institutional investors and hedge funds own 77.46% of the company’s stock.

Analysts Set New Price Targets

KWR has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price target on shares of Quaker Chemical from $200.00 to $223.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Finally, Piper Sandler initiated coverage on shares of Quaker Chemical in a research report on Thursday, May 16th. They set an “overweight” rating and a $220.00 target price for the company.

Get Our Latest Report on Quaker Chemical

Quaker Chemical Stock Down 0.3 %

Shares of NYSE KWR opened at $178.57 on Friday. The company has a quick ratio of 1.98, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a market cap of $3.21 billion, a PE ratio of 27.18, a P/E/G ratio of 1.42 and a beta of 1.42. The company’s fifty day simple moving average is $189.80 and its 200 day simple moving average is $194.77. Quaker Chemical Co. has a 12-month low of $138.67 and a 12-month high of $221.94.

Quaker Chemical (NYSE:KWRGet Free Report) last issued its earnings results on Thursday, May 2nd. The specialty chemicals company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.97 by $0.12. Quaker Chemical had a return on equity of 10.35% and a net margin of 6.16%. The company had revenue of $469.76 million during the quarter, compared to the consensus estimate of $494.53 million. During the same period last year, the business posted $1.89 EPS. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Quaker Chemical Co. will post 8.68 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be issued a dividend of $0.455 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $1.82 annualized dividend and a dividend yield of 1.02%. Quaker Chemical’s dividend payout ratio is 27.70%.

Quaker Chemical announced that its board has initiated a stock repurchase plan on Wednesday, February 28th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the specialty chemicals company to reacquire up to 4.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Quaker Chemical Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Quaker Chemical (NYSE:KWR)

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