Quaker Chemical Co. (NYSE:KWR) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC grew its stake in Quaker Chemical Co. (NYSE:KWR) by 9.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,729 shares of the specialty chemicals company’s stock after purchasing an additional 146 shares during the quarter. Park Avenue Securities LLC’s holdings in Quaker Chemical were worth $243,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. GAMMA Investing LLC raised its stake in Quaker Chemical by 105.3% during the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 80 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Quaker Chemical by 6.6% during the 2nd quarter. Mackenzie Financial Corp now owns 1,778 shares of the specialty chemicals company’s stock valued at $302,000 after acquiring an additional 110 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Quaker Chemical by 1.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,013 shares of the specialty chemicals company’s stock worth $1,269,000 after purchasing an additional 110 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Quaker Chemical by 1.0% during the third quarter. Nisa Investment Advisors LLC now owns 13,001 shares of the specialty chemicals company’s stock worth $2,191,000 after purchasing an additional 123 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Quaker Chemical by 50.9% in the third quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock worth $88,000 after purchasing an additional 177 shares during the period. Institutional investors own 77.46% of the company’s stock.

Insider Buying and Selling

In other Quaker Chemical news, EVP Jeewat Bijlani sold 645 shares of the company’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 $787,907.06. This represents a 11.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Slinkman sold 1,700 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $167.80, for a total value of $285,260.00. Following the transaction, the senior vice president now directly owns 2,825 shares of the company’s stock, valued at approximately $474,035. The trade was a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Quaker Chemical Price Performance

NYSE KWR opened at $138.44 on Friday. The company has a 50-day moving average price of $146.01 and a two-hundred day moving average price of $159.42. Quaker Chemical Co. has a 52 week low of $124.66 and a 52 week high of $207.83. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.39. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR) last issued 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). The business had revenue of $462.27 million during the quarter, compared to the consensus estimate of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period last year, the company earned $2.05 earnings per share. Analysts forecast that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.485 per share. 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 is currently 28.45%.

Analysts Set New Price Targets

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

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.