Hunter Perkins Capital Management LLC acquired a new position in Quaker Chemical Co. (NYSE:KWR – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,425 shares of the specialty chemicals company’s stock, valued at approximately $764,000.
Several other large investors have also added to or reduced their stakes in KWR. GAMMA Investing LLC increased its position in shares of Quaker Chemical by 105.3% during the 3rd quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 80 shares during the last quarter. KBC Group NV grew its stake in shares of Quaker Chemical by 50.9% in the third quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock valued at $88,000 after buying an additional 177 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in Quaker Chemical by 100.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company’s stock worth $153,000 after buying an additional 453 shares during the last quarter. iSAM Funds UK Ltd bought a new stake in Quaker Chemical during the third quarter worth $208,000. Finally, Edgestream Partners L.P. acquired a new stake in Quaker Chemical in the third quarter valued at $215,000. Institutional investors and hedge funds own 77.46% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on KWR shares. 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 research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Piper Sandler reiterated a “neutral” rating and set a $170.00 target price (down from $200.00) on shares of Quaker Chemical in a research note on Tuesday, January 7th. Finally, StockNews.com upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.
Insider Activity at Quaker Chemical
In related news, EVP Jeewat Bijlani sold 645 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was 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 directly owns 4,747 shares in the company, valued at approximately $787,907.06. The trade was a 11.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP David Slinkman sold 1,700 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $167.80, for a total value of $285,260.00. Following the transaction, the senior vice president now owns 2,825 shares in the company, valued at approximately $474,035. This trade represents a 37.57 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.
Quaker Chemical Stock Down 1.3 %
Shares of KWR opened at $138.44 on Monday. The firm’s 50-day simple moving average is $146.01 and its 200 day simple moving average is $159.37. 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 $2.46 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.39. Quaker Chemical Co. has a 52 week low of $124.66 and a 52 week high of $207.83.
Quaker Chemical (NYSE:KWR – Get Free Report) last announced its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share 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 firm had revenue of $462.27 million for the quarter, compared to the consensus estimate of $469.17 million. During the same quarter last year, the business posted $2.05 EPS. Quaker Chemical’s revenue for the quarter was down 5.8% on a year-over-year basis. On average, analysts forecast that Quaker Chemical Co. will post 7.75 earnings per share for the current year.
Quaker Chemical Announces Dividend
The firm also recently announced 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. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.40%. Quaker Chemical’s payout ratio is presently 28.45%.
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.
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