2 weeks Ago By Defense World Staff
Bank of Montreal Can lifted its position in Quaker Chemical Co. ( NYSE:KWR – Free Report ) by 9.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC.
The firm owned 2,160 shares of the specialty chemicals company’s stock after purchasing an additional 188 shares during the quarter. Bank of Montreal Can’s holdings in Quaker Chemical were worth $304,000 at the end of the most recent quarter. Several other large investors also recently added to or reduced their stakes in the business.
Vanguard Group Inc. increased its position in shares of Quaker Chemical by 1.5% in the fourth quarter.
Vanguard Group Inc. now owns 1,638,419 shares of the specialty chemicals company’s stock worth $230,624,000 after purchasing an additional 23,832 shares during the last quarter. JPMorgan Chase & Co.
lifted its stake in Quaker Chemical by 19.2% during the fourth quarter. JPMorgan Chase & Co.
now owns 759,233 shares of the specialty chemicals company’s stock worth $106,870,000 after purchasing an additional 122,494 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Quaker Chemical by 27.8% in the 4th quarter.
Royce & Associates LP now owns 555,219 shares of the specialty chemicals company’s stock worth $78,153,000 after purchasing an additional 120,916 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Quaker Chemical by 26.6% during the 4th quarter.
Allspring Global Investments Holdings LLC now owns 394,708 shares of the specialty chemicals company’s stock valued at $53,680,000 after buying an additional 82,843 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Quaker Chemical in the fourth quarter worth approximately $28,978,000.
Institutional investors own 77.46% of the company’s stock. Wall Street Analysts Forecast Growth Several equities analysts recently commented on KWR shares.
StockNews.com lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Royal Bank of Canada dropped their target price on Quaker Chemical from $172.
00 to $169.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, Piper Sandler dropped their price objective on Quaker Chemical from $170.
00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Quaker Chemical Stock Down 0.
6 % Shares of NYSE:KWR opened at $103.01 on Thursday. The stock has a fifty day simple moving average of $123.
82 and a two-hundred day simple moving average of $141.02. The company has a current ratio of 2.
54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48.
The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.
62 and a beta of 1.44. Quaker Chemical Co.
has a 12-month low of $95.91 and a 12-month high of $197.03.
Quaker Chemical ( NYSE:KWR – Get Free Report ) last announced its quarterly earnings data on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.
62 by ($0.29). The firm had revenue of $444.
09 million during the quarter, compared to analysts’ expectations of $430.47 million. Quaker Chemical had a return on equity of 10.
10% and a net margin of 6.58%. During the same quarter in the previous year, the firm earned $1.
78 earnings per share. On average, research analysts anticipate that Quaker Chemical Co. will post 7.
75 earnings per share for the current fiscal year. Quaker Chemical Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.
485 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.
94 dividend on an annualized basis and a dividend yield of 1.88%. Quaker Chemical’s dividend payout ratio (DPR) is currently 29.
80%. Quaker Chemical Company 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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