Personal CFO Solutions LLC Grows Position in Quaker Chemical Co. (NYSE:KWR)

Personal CFO Solutions LLC increased its position in shares of Quaker Chemical Co. (NYSE:KWRFree Report) by 8.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,369 shares of the specialty chemicals company’s stock after buying an additional 102 shares during the quarter. Personal CFO Solutions LLC’s holdings in Quaker Chemical were worth $292,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in KWR. Victory Capital Management Inc. increased its stake in shares of Quaker Chemical by 46.1% during the third quarter. Victory Capital Management Inc. now owns 3,538 shares of the specialty chemicals company’s stock worth $566,000 after buying an additional 1,117 shares during the period. Barclays PLC boosted its holdings in Quaker Chemical by 7.8% in the third quarter. Barclays PLC now owns 8,631 shares of the specialty chemicals company’s stock valued at $1,380,000 after purchasing an additional 627 shares in the last quarter. Swiss National Bank boosted its holdings in Quaker Chemical by 1.1% in the third quarter. Swiss National Bank now owns 27,700 shares of the specialty chemicals company’s stock valued at $4,432,000 after purchasing an additional 300 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Quaker Chemical by 9.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 146,743 shares of the specialty chemicals company’s stock valued at $23,479,000 after purchasing an additional 12,772 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in Quaker Chemical by 18.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 14,318 shares of the specialty chemicals company’s stock valued at $2,291,000 after purchasing an additional 2,186 shares in the last quarter. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Royal Bank of Canada upped their price target on Quaker Chemical from $200.00 to $223.00 and gave the company an “outperform” rating in a report on Monday, March 4th. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. Finally, Piper Sandler assumed coverage on Quaker Chemical in a report on Thursday, May 16th. They issued an “overweight” rating and a $220.00 price target for the company.

View Our Latest Analysis on KWR

Quaker Chemical Price Performance

KWR stock opened at $174.30 on Tuesday. The company has a market capitalization of $3.14 billion, a P/E ratio of 26.53, a PEG ratio of 1.39 and a beta of 1.42. Quaker Chemical Co. has a twelve month low of $138.67 and a twelve month high of $221.94. The business has a 50 day simple moving average of $188.66 and a 200-day simple moving average of $194.95. The company has a current ratio of 2.66, a quick ratio of 1.98 and a debt-to-equity ratio of 0.53.

Quaker Chemical (NYSE:KWRGet Free Report) last posted 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 during the quarter, compared to the consensus estimate of $494.53 million. Quaker Chemical had a return on equity of 10.35% and a net margin of 6.16%. The company’s revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.89 earnings per share. As a group, equities analysts anticipate that Quaker Chemical Co. will post 8.68 EPS for the current year.

Quaker Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be issued a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Wednesday, July 17th. Quaker Chemical’s payout ratio is currently 27.70%.

Quaker Chemical announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 28th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the specialty chemicals company to repurchase up to 4.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Quaker Chemical Profile

(Free Report)

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

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