Quaker Chemical Co. (NYSE:KWR) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC grew its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 7.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,863 shares of the specialty chemicals company’s stock after purchasing an additional 134 shares during the period. Park Avenue Securities LLC’s holdings in Quaker Chemical were worth $230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KWR. Chatham Capital Group Inc. boosted its stake in shares of Quaker Chemical by 4.5% during the 1st quarter. Chatham Capital Group Inc. now owns 10,875 shares of the specialty chemicals company’s stock worth $1,344,000 after acquiring an additional 465 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Quaker Chemical by 60,535.1% during the 1st quarter. GAMMA Investing LLC now owns 44,870 shares of the specialty chemicals company’s stock worth $5,546,000 after acquiring an additional 44,796 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Quaker Chemical during the 4th quarter worth approximately $3,097,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Quaker Chemical by 0.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 46,600 shares of the specialty chemicals company’s stock worth $6,559,000 after acquiring an additional 425 shares in the last quarter. Finally, Voloridge Investment Management LLC boosted its stake in shares of Quaker Chemical by 108.9% during the 4th quarter. Voloridge Investment Management LLC now owns 96,542 shares of the specialty chemicals company’s stock worth $13,589,000 after acquiring an additional 50,330 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on KWR shares. Royal Bank of Canada decreased their price target on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Wall Street Zen lowered Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Piper Sandler reduced their target price on Quaker Chemical from $170.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Finally, Jefferies Financial Group raised Quaker Chemical from a “hold” rating to a “buy” rating and set a $146.00 target price on the stock in a research note on Monday, June 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $159.25.

Quaker Chemical Price Performance

KWR stock opened at $116.18 on Tuesday. Quaker Chemical Co. has a 1 year low of $95.91 and a 1 year high of $193.74. 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’s 50 day moving average price is $107.20 and its 200 day moving average price is $126.38. The firm has a market cap of $2.05 billion, a P/E ratio of 17.04, a PEG ratio of 1.62 and a beta of 1.38.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.06. The company had revenue of $442.91 million during the quarter, compared to the consensus estimate of $455.23 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. Quaker Chemical’s revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.09 EPS. On average, sell-side analysts expect that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $1.94 annualized dividend and a yield of 1.67%. Quaker Chemical’s dividend payout ratio is currently 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.