Quaker Chemical Co. (NYSE:KWR) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV boosted its position in Quaker Chemical Co. (NYSE:KWR) by 24.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,199 shares of the specialty chemicals company’s stock after acquiring an additional 439 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Quaker Chemical were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KWR. Raymond James Financial Inc. acquired a new position in Quaker Chemical in the fourth quarter valued at $28,978,000. JPMorgan Chase & Co. boosted its holdings in Quaker Chemical by 19.2% in the fourth quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company’s stock valued at $106,870,000 after acquiring an additional 122,494 shares during the last quarter. Royce & Associates LP boosted its holdings in Quaker Chemical by 27.8% in the fourth quarter. Royce & Associates LP now owns 555,219 shares of the specialty chemicals company’s stock valued at $78,153,000 after acquiring an additional 120,916 shares during the last quarter. Norges Bank acquired a new position in Quaker Chemical in the fourth quarter valued at $13,399,000. Finally, Marshall Wace LLP boosted its holdings in Quaker Chemical by 92.3% in the fourth quarter. Marshall Wace LLP now owns 187,715 shares of the specialty chemicals company’s stock valued at $26,423,000 after acquiring an additional 90,078 shares during the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Analyst Ratings Changes

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

Quaker Chemical Trading Down 1.4%

NYSE:KWR opened at $106.01 on Friday. The business’s 50-day moving average is $112.65 and its two-hundred day moving average is $134.98. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. Quaker Chemical Co. has a 12 month low of $95.91 and a 12 month high of $197.03. The firm has a market capitalization of $1.87 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 1.62 and a beta of 1.42.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Thursday, May 1st. The specialty chemicals company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.52 by $0.06. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The company had revenue of $442.91 million for the quarter, compared to analyst estimates of $455.23 million. During the same period last year, the company posted $2.09 earnings per share. The firm’s revenue was down 5.7% compared to the same quarter last year. Research analysts predict that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, July 17th. Quaker Chemical’s payout ratio is 36.67%.

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.