LPL Financial LLC Has $570,000 Stock Holdings in Quaker Chemical Co. (NYSE:KWR)

LPL Financial LLC raised its holdings in Quaker Chemical Co. (NYSE:KWR) by 72.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,050 shares of the specialty chemicals company’s stock after buying an additional 1,697 shares during the quarter. LPL Financial LLC’s holdings in Quaker Chemical were worth $570,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Quaker Chemical by 284.2% in the third quarter. Barclays PLC now owns 28,395 shares of the specialty chemicals company’s stock valued at $4,784,000 after acquiring an additional 21,004 shares during the period. Franklin Resources Inc. boosted its holdings in Quaker Chemical by 12.8% in the 3rd quarter. Franklin Resources Inc. now owns 13,483 shares of the specialty chemicals company’s stock valued at $2,184,000 after purchasing an additional 1,532 shares during the period. Lord Abbett & CO. LLC grew its position in Quaker Chemical by 53.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 46,158 shares of the specialty chemicals company’s stock worth $7,777,000 after purchasing an additional 16,051 shares during the last quarter. JPMorgan Chase & Co. grew its position in Quaker Chemical by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 636,739 shares of the specialty chemicals company’s stock worth $107,284,000 after purchasing an additional 90,726 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of 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 worth $1,269,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds own 77.46% of the company’s stock.

Analyst Ratings Changes

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

Quaker Chemical Price Performance

Shares of Quaker Chemical stock opened at $103.01 on Thursday. Quaker Chemical Co. has a twelve month low of $95.91 and a twelve month 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 firm has a market cap of $1.82 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 1.62 and a beta of 1.44. The firm’s 50-day simple moving average is $123.82 and its 200-day simple moving average is $141.02.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.29). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The company had revenue of $444.09 million for the quarter, compared to analyst estimates of $430.47 million. During the same period in the previous year, the firm posted $1.78 earnings per share. As a group, research analysts expect that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.

Quaker Chemical Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical’s dividend payout ratio (DPR) is 29.80%.

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.