Oppenheimer Asset Management Inc. Cuts Stock Holdings in Quaker Chemical Co. (NYSE:KWR)

Oppenheimer Asset Management Inc. decreased its position in shares of Quaker Chemical Co. (NYSE:KWRFree Report) by 1.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 4,771 shares of the specialty chemicals company’s stock after selling 74 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Quaker Chemical were worth $763,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Belpointe Asset Management LLC boosted its holdings in Quaker Chemical by 65.0% in the first quarter. Belpointe Asset Management LLC now owns 193 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 76 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Quaker Chemical by 17.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 327 shares of the specialty chemicals company’s stock valued at $64,000 after purchasing an additional 49 shares during the period. Buck Wealth Strategies LLC bought a new stake in shares of Quaker Chemical during the 3rd quarter valued at $82,000. State of Wyoming bought a new stake in Quaker Chemical in the 2nd quarter valued at $93,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Quaker Chemical by 14.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 754 shares of the specialty chemicals company’s stock valued at $121,000 after acquiring an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Insider Buying and Selling

In related news, EVP Jeewat Bijlani sold 6,338 shares of Quaker Chemical stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $220.00, for a total transaction of $1,394,360.00. Following the completion of the transaction, the executive vice president now directly owns 5,099 shares of the company’s stock, valued at approximately $1,121,780. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.

Quaker Chemical Stock Performance

Shares of NYSE:KWR opened at $190.35 on Friday. Quaker Chemical Co. has a 52 week low of $138.67 and a 52 week high of $221.94. The stock has a market capitalization of $3.42 billion, a P/E ratio of 211.50, a PEG ratio of 1.03 and a beta of 1.49. The firm has a fifty day simple moving average of $199.59 and a two-hundred day simple moving average of $177.93. The company has a quick ratio of 2.03, a current ratio of 2.74 and a debt-to-equity ratio of 0.60.

Quaker Chemical Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th were paid a dividend of $0.455 per share. The ex-dividend date of this dividend was Tuesday, January 16th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.96%. Quaker Chemical’s dividend payout ratio is presently 202.22%.

Quaker Chemical Profile

(Free Report)

Quaker Chemical Corporation, doing business as Quaker Houghton, develops, produces, and markets various formulated chemical specialty 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, metal finishing fluids, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.

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Institutional Ownership by Quarter for Quaker Chemical (NYSE:KWR)

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