Legal & General Group Plc Sells 548 Shares of Quaker Chemical Co. (NYSE:KWR)

Legal & General Group Plc lessened its stake in Quaker Chemical Co. (NYSE:KWR) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,823 shares of the specialty chemicals company’s stock after selling 548 shares during the period. Legal & General Group Plc owned approximately 0.22% of Quaker Chemical worth $5,465,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in KWR. Bridge City Capital LLC raised its position in shares of Quaker Chemical by 0.5% during the 4th quarter. Bridge City Capital LLC now owns 16,107 shares of the specialty chemicals company’s stock valued at $2,267,000 after purchasing an additional 85 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Quaker Chemical by 1.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,013 shares of the specialty chemicals company’s stock valued at $1,269,000 after acquiring an additional 110 shares during the period. Park Avenue Securities LLC grew its position in Quaker Chemical by 9.2% in the 4th quarter. Park Avenue Securities LLC now owns 1,729 shares of the specialty chemicals company’s stock valued at $243,000 after acquiring an additional 146 shares during the last quarter. Corient Private Wealth LLC increased its stake in Quaker Chemical by 5.1% in the fourth quarter. Corient Private Wealth LLC now owns 3,095 shares of the specialty chemicals company’s stock worth $436,000 after purchasing an additional 149 shares during the period. Finally, KBC Group NV lifted its position in shares of Quaker Chemical by 32.8% during the fourth quarter. KBC Group NV now owns 697 shares of the specialty chemicals company’s stock worth $98,000 after purchasing an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Quaker Chemical Stock Up 1.0 %

KWR opened at $101.87 on Monday. Quaker Chemical Co. has a fifty-two week low of $95.91 and a fifty-two week high of $197.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 1.62 and a beta of 1.44. The company has a fifty day moving average of $126.05 and a two-hundred day moving average of $142.00.

Quaker Chemical (NYSE:KWR) last released its earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.29). The company had revenue of $444.09 million for the quarter, compared to analysts’ expectations 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 firm earned $1.78 EPS. On average, research analysts expect that Quaker Chemical Co. will post 7.75 earnings per share for the current year.

Quaker Chemical Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 annualized dividend and a dividend yield of 1.90%. Quaker Chemical’s dividend payout ratio is presently 29.80%.

Wall Street Analyst Weigh In

KWR has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their price objective on shares of Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Piper Sandler lowered their price target on Quaker Chemical from $170.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd.

About 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.