Harbor Capital Advisors Inc. Buys 4,720 Shares of Quaker Chemical Co. (NYSE:KWR)

Harbor Capital Advisors Inc. increased its stake in shares of Quaker Chemical Co. (NYSE:KWR) by 112.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,903 shares of the specialty chemicals company’s stock after buying an additional 4,720 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Quaker Chemical were worth $1,500,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Nisa Investment Advisors LLC boosted its position in Quaker Chemical by 1.0% in the third quarter. Nisa Investment Advisors LLC now owns 13,001 shares of the specialty chemicals company’s stock valued at $2,191,000 after buying an additional 123 shares in the last quarter. Copeland Capital Management LLC raised its stake in shares of Quaker Chemical by 0.7% in the third quarter. Copeland Capital Management LLC now owns 388,719 shares of the specialty chemicals company’s stock valued at $65,495,000 after acquiring an additional 2,592 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Quaker Chemical by 39.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 311,865 shares of the specialty chemicals company’s stock worth $52,546,000 after acquiring an additional 87,857 shares in the last quarter. Raymond James & Associates grew its position in Quaker Chemical by 4.7% during the 3rd quarter. Raymond James & Associates now owns 34,728 shares of the specialty chemicals company’s stock worth $5,851,000 after acquiring an additional 1,549 shares during the last quarter. Finally, Inspire Investing LLC increased its holdings in Quaker Chemical by 17.6% during the 3rd quarter. Inspire Investing LLC now owns 2,434 shares of the specialty chemicals company’s stock valued at $410,000 after purchasing an additional 364 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Chemical Trading Up 0.3 %

KWR stock opened at $160.69 on Wednesday. The business has a fifty day moving average of $162.60 and a 200-day moving average of $171.64. The company has a market cap of $2.86 billion, a P/E ratio of 23.56, a PEG ratio of 1.92 and a beta of 1.38. Quaker Chemical Co. has a twelve month low of $151.31 and a twelve month high of $221.94. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR) last released its earnings results 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 for the quarter, compared to analyst estimates of $469.17 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 earnings per share. As a group, equities research analysts expect that Quaker Chemical Co. will post 8.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on KWR shares. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. 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. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Monday.

Quaker Chemical Company Profile

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.