1 week Ago By ABMN Staff
Barclays PLC increased its position in Quaker Chemical Co. ( NYSE:KWR – Free Report ) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The firm owned 29,476 shares of the specialty chemicals company’s stock after acquiring an additional 1,081 shares during the quarter. Barclays PLC’s holdings in Quaker Chemical were worth $4,149,000 at the end of the most recent quarter. Several other hedge funds also recently bought and sold shares of KWR.
JPMorgan Chase & Co. raised its position in shares of Quaker Chemical by 16.6% in the third quarter.
JPMorgan Chase & Co. now owns 636,739 shares of the specialty chemicals company’s stock worth $107,284,000 after buying an additional 90,726 shares in the last quarter. CIBC Asset Management Inc bought a new position in Quaker Chemical in the 4th quarter worth about $211,000.
Allspring Global Investments Holdings LLC raised its holdings in shares of Quaker Chemical by 26.6% in 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 acquiring an additional 82,843 shares in the last quarter.
Park Avenue Securities LLC grew its holdings in shares of Quaker Chemical by 9.2% during the fourth quarter. Park Avenue Securities LLC now owns 1,729 shares of the specialty chemicals company’s stock worth $243,000 after purchasing an additional 146 shares in the last quarter.
Finally, Lord Abbett & CO. LLC raised its stake in Quaker Chemical by 53.3% in the third quarter.
Lord Abbett & CO. LLC now owns 46,158 shares of the specialty chemicals company’s stock valued at $7,777,000 after purchasing an additional 16,051 shares in the last quarter. Hedge funds and other institutional investors own 77.
46% of the company’s stock. Wall Street Analysts Forecast Growth A number of equities analysts have recently commented on KWR shares. Royal Bank of Canada decreased their price target on shares of Quaker Chemical from $172.
00 to $169.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. StockNews.
com downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Piper Sandler cut their price objective on Quaker Chemical from $170.00 to $140.
00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. Quaker Chemical Price Performance Shares of Quaker Chemical stock opened at $105.08 on Monday.
The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 1.
62 and a beta of 1.44. The company has a fifty day moving average of $122.
37 and a 200-day moving average of $139.98. Quaker Chemical Co.
has a 52-week low of $95.91 and a 52-week high of $197.03.
The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.
54. Quaker Chemical ( NYSE:KWR – Get Free Report ) last released its earnings results 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).
Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%.
The company had revenue of $444.09 million during the quarter, compared to the consensus estimate of $430.47 million.
During the same period last year, the firm posted $1.78 EPS. Equities research analysts expect that Quaker Chemical Co.
will post 7.75 EPS for the current year. Quaker Chemical Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th.
Investors of record on Wednesday, April 16th will be paid a $0.485 dividend. This represents a $1.
94 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, April 16th.
Quaker Chemical’s payout ratio is 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. Recommended Stories Want to see what other hedge funds are holding KWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quaker Chemical Co.
( NYSE:KWR – Free Report ). Receive News & Ratings for Quaker Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quaker Chemical and related companies with MarketBeat.com's FREE daily email newsletter .
.
