Rockwood Wealth Management LLC Sells 388 Shares of Quaker Chemical Co. (NYSE:KWR)

Rockwood Wealth Management LLC cut its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 17.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,894 shares of the specialty chemicals company’s stock after selling 388 shares during the period. Rockwood Wealth Management LLC’s holdings in Quaker Chemical were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KWR. Harbor Capital Advisors Inc. lifted its holdings in shares of Quaker Chemical by 112.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,903 shares of the specialty chemicals company’s stock valued at $1,500,000 after purchasing an additional 4,720 shares in the last quarter. Cerity Partners LLC raised its holdings in Quaker Chemical by 485.5% during the 3rd quarter. Cerity Partners LLC now owns 64,631 shares of the specialty chemicals company’s stock worth $10,890,000 after buying an additional 53,592 shares during the period. JPMorgan Chase & Co. lifted its stake in Quaker Chemical by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 636,739 shares of the specialty chemicals company’s stock valued at $107,284,000 after buying an additional 90,726 shares in the last quarter. Seizert Capital Partners LLC boosted its holdings in shares of Quaker Chemical by 122.7% in the third quarter. Seizert Capital Partners LLC now owns 20,067 shares of the specialty chemicals company’s stock valued at $3,381,000 after buying an additional 11,058 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Quaker Chemical by 37.4% during the second quarter. Renaissance Technologies LLC now owns 21,300 shares of the specialty chemicals company’s stock worth $3,615,000 after acquiring an additional 5,800 shares in the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Quaker Chemical

In other news, SVP David Slinkman sold 1,700 shares of Quaker Chemical stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $167.80, for a total transaction of $285,260.00. Following the completion of the transaction, the senior vice president now directly owns 2,825 shares in the company, valued at approximately $474,035. The trade was a 37.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jeewat Bijlani sold 645 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $165.98, for a total value of $107,057.10. Following the completion of the sale, the executive vice president now owns 4,747 shares in the company, valued at approximately $787,907.06. This trade represents a 11.96 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on KWR. Piper Sandler reaffirmed a “neutral” rating and issued a $170.00 target price (down from $200.00) on shares of Quaker Chemical in a research note on Tuesday, January 7th. StockNews.com upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Deutsche Bank Aktiengesellschaft reduced their price target on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Royal Bank of Canada lowered their price objective on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, November 4th.

Quaker Chemical Stock Performance

KWR opened at $138.44 on Friday. The business’s 50-day simple moving average is $146.01 and its 200 day simple moving average is $159.42. Quaker Chemical Co. has a 52-week low of $124.66 and a 52-week high of $207.83. 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 capitalization of $2.46 billion, a PE ratio of 20.30, a PEG ratio of 1.53 and a beta of 1.39.

Quaker Chemical (NYSE:KWR) last announced its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The company had revenue of $462.27 million for the quarter, compared to the consensus estimate of $469.17 million. During the same quarter in the prior year, the company earned $2.05 EPS. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, January 17th. Quaker Chemical’s dividend payout ratio (DPR) is presently 28.45%.

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.