2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. trimmed its holdings in Quaker Chemical Co. ( NYSE:KWR – Free Report ) by 4.
2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 83,404 shares of the specialty chemicals company’s stock after selling 3,644 shares during the period. Envestnet Asset Management Inc.
’s holdings in Quaker Chemical were worth $11,740,000 at the end of the most recent reporting period. Several other hedge funds have also made changes to their positions in the business. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Quaker Chemical during the fourth quarter worth $327,000.
Wells Fargo & Company MN lifted its stake in shares of Quaker Chemical by 14.2% in the 4th quarter. Wells Fargo & Company MN now owns 15,122 shares of the specialty chemicals company’s stock worth $2,129,000 after acquiring an additional 1,877 shares during the period.
Massachusetts Financial Services Co. MA boosted its holdings in shares of Quaker Chemical by 32.7% in the fourth quarter.
Massachusetts Financial Services Co. MA now owns 205,771 shares of the specialty chemicals company’s stock valued at $28,964,000 after acquiring an additional 50,758 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Quaker Chemical during the fourth quarter worth about $194,000.
Finally, Franklin Resources Inc. raised its holdings in Quaker Chemical by 11.1% during the fourth quarter.
Franklin Resources Inc. now owns 14,982 shares of the specialty chemicals company’s stock worth $2,109,000 after purchasing an additional 1,499 shares in the last quarter. Institutional investors and hedge funds own 77.
46% of the company’s stock. Quaker Chemical Trading Up 1.0 % Shares of Quaker Chemical stock opened at $101.
87 on Friday. The company has a 50-day moving average of $126.79 and a two-hundred day moving average of $142.
70. The stock has a market cap of $1.80 billion, a PE ratio of 14.
94, a price-to-earnings-growth ratio of 1.62 and a beta of 1.44.
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 Co. has a 12-month low of $95.
91 and a 12-month high of $197.03. Quaker Chemical Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th.
Shareholders of record on Wednesday, April 16th will be issued a $0.485 dividend. This represents a $1.
94 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Wednesday, April 16th.
Quaker Chemical’s dividend payout ratio (DPR) is presently 29.80%. Analysts Set New Price Targets Several equities analysts have issued reports on the company.
StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Royal Bank of Canada dropped their price objective on Quaker Chemical from $172.
00 to $169.00 and set an “outperform” rating on the stock in a 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 research report on Wednesday, April 2nd. Get Our Latest Stock Analysis on Quaker Chemical About Quaker Chemical ( 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. Featured Articles 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.
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