Truist Financial Corp Has $4.82 Million Stake in Quaker Chemical Co. (NYSE:KWR)

Truist Financial Corp boosted its stake in shares of Quaker Chemical Co. (NYSE:KWR) by 36.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,575 shares of the specialty chemicals company’s stock after buying an additional 5,971 shares during the quarter. Truist Financial Corp owned approximately 0.13% of Quaker Chemical worth $4,818,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its holdings in Quaker Chemical by 16.2% in the third quarter. Commonwealth Equity Services LLC now owns 3,696 shares of the specialty chemicals company’s stock valued at $591,000 after acquiring an additional 514 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Quaker Chemical by 6.6% in the 3rd quarter. Raymond James & Associates now owns 29,176 shares of the specialty chemicals company’s stock valued at $4,668,000 after purchasing an additional 1,794 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Quaker Chemical during the third quarter worth $309,000. Inspire Investing LLC grew its holdings in Quaker Chemical by 18.8% during the 3rd quarter. Inspire Investing LLC now owns 1,911 shares of the specialty chemicals company’s stock worth $306,000 after acquiring an additional 303 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in Quaker Chemical by 14.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 754 shares of the specialty chemicals company’s stock worth $121,000 after purchasing an additional 97 shares in the last quarter. Institutional investors own 77.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on KWR. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Royal Bank of Canada boosted their price target on shares of Quaker Chemical from $200.00 to $223.00 and gave the company an “outperform” rating in a research note on Monday, March 4th.

Quaker Chemical Stock Performance

Shares of Quaker Chemical stock opened at $185.56 on Monday. The company has a market cap of $3.34 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 1.43 and a beta of 1.48. The company has a quick ratio of 1.89, a current ratio of 2.52 and a debt-to-equity ratio of 0.53. Quaker Chemical Co. has a 52 week low of $138.67 and a 52 week high of $221.94. The business has a 50 day moving average price of $196.72 and a 200-day moving average price of $190.16.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings data on Thursday, May 2nd. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.12. The business had revenue of $469.76 million for the quarter, compared to analysts’ expectations of $494.53 million. Quaker Chemical had a return on equity of 10.42% and a net margin of 6.16%. The business’s revenue was down 6.1% on a year-over-year basis. During the same period last year, the business earned $1.89 EPS. Equities analysts anticipate that Quaker Chemical Co. will post 8.69 earnings per share for the current fiscal year.

Quaker Chemical Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were paid a $0.455 dividend. The ex-dividend date of this dividend was Monday, April 15th. This represents a $1.82 annualized dividend and a yield of 0.98%. Quaker Chemical’s dividend payout ratio (DPR) is 27.70%.

Quaker Chemical declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 28th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the specialty chemicals company to reacquire up to 4.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.