Quaker Chemical Co. (NYSE:KWR) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its position in shares of Quaker Chemical Co. (NYSE:KWR) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,539 shares of the specialty chemicals company’s stock after selling 155 shares during the period. PNC Financial Services Group Inc. owned 0.05% of Quaker Chemical worth $1,607,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KWR. Vanguard Group Inc. increased its holdings in shares of Quaker Chemical by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company’s stock valued at $329,942,000 after acquiring an additional 8,484 shares during the period. Royce & Associates LP grew its position in Quaker Chemical by 5.3% during the 3rd quarter. Royce & Associates LP now owns 434,303 shares of the specialty chemicals company’s stock worth $73,176,000 after purchasing an additional 21,986 shares during the last quarter. Copeland Capital Management LLC increased its stake in 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 purchasing an additional 2,592 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Quaker Chemical by 14.8% in the second quarter. Dimensional Fund Advisors LP now owns 359,617 shares of the specialty chemicals company’s stock valued at $61,027,000 after buying an additional 46,240 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Quaker Chemical by 39.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 311,865 shares of the specialty chemicals company’s stock worth $52,546,000 after buying an additional 87,857 shares during the period. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Quaker Chemical Trading Down 2.9 %

Shares of KWR stock opened at $157.81 on Wednesday. Quaker Chemical Co. has a 1-year low of $151.31 and a 1-year high of $221.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The business’s fifty day moving average price is $163.83 and its 200 day moving average price is $169.66. The firm has a market capitalization of $2.81 billion, a PE ratio of 23.66, a P/E/G ratio of 1.99 and a beta of 1.38.

Quaker Chemical (NYSE:KWR) last announced its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.19). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The company had revenue of $462.27 million during the quarter, compared to analyst estimates of $469.17 million. During the same quarter last year, the business earned $2.05 EPS. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, sell-side analysts forecast that Quaker Chemical Co. will post 7.78 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

The company 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 $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 1.23%. The ex-dividend date is Friday, January 17th. Quaker Chemical’s payout ratio is currently 28.45%.

Insider Buying and Selling

In other Quaker Chemical news, SVP David Slinkman sold 1,700 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $167.80, for a total transaction of $285,260.00. Following the completion of the transaction, the senior vice president now directly owns 2,825 shares in the company, valued at approximately $474,035. This trade represents a 37.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jeewat Bijlani sold 645 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $165.98, for a total transaction of $107,057.10. Following the completion of the sale, the executive vice president now 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 disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft reduced their price objective 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. Royal Bank of Canada lowered their price objective 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. Piper Sandler upped their price objective on shares of Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, StockNews.com downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

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.