Standard Life Aberdeen plc raised its stake in Quaker Chemical Corp (NYSE:KWR) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 246,147 shares of the specialty chemicals company’s stock after buying an additional 16,218 shares during the period. Standard Life Aberdeen plc’s holdings in Quaker Chemical were worth $40,511,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the company. Eagle Asset Management Inc. increased its position in shares of Quaker Chemical by 0.8% in the fourth quarter. Eagle Asset Management Inc. now owns 986,378 shares of the specialty chemicals company’s stock worth $162,278,000 after acquiring an additional 8,170 shares in the last quarter. Royce & Associates LP lifted its position in shares of Quaker Chemical by 1.5% in the 4th quarter. Royce & Associates LP now owns 794,554 shares of the specialty chemicals company’s stock valued at $130,720,000 after acquiring an additional 11,431 shares in the last quarter. State Street Corp boosted its stake in Quaker Chemical by 5.8% in the 4th quarter. State Street Corp now owns 401,093 shares of the specialty chemicals company’s stock worth $65,988,000 after purchasing an additional 22,101 shares during the period. Palisade Capital Management LLC NJ boosted its stake in Quaker Chemical by 41.2% in the 4th quarter. Palisade Capital Management LLC NJ now owns 204,707 shares of the specialty chemicals company’s stock worth $33,678,000 after purchasing an additional 59,713 shares during the period. Finally, Copeland Capital Management LLC grew its position in Quaker Chemical by 4.4% during the 4th quarter. Copeland Capital Management LLC now owns 195,464 shares of the specialty chemicals company’s stock worth $32,158,000 after purchasing an additional 8,205 shares in the last quarter. Institutional investors own 80.19% of the company’s stock.
Shares of KWR stock traded up $6.56 during trading on Thursday, hitting $143.63. 93,514 shares of the company were exchanged, compared to its average volume of 148,814. The business’s 50-day simple moving average is $161.70 and its 200 day simple moving average is $159.85. Quaker Chemical Corp has a twelve month low of $113.94 and a twelve month high of $224.30. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 63.55, a P/E/G ratio of 1.52 and a beta of 1.41. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.50 and a current ratio of 1.99.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a $0.385 dividend. The ex-dividend date is Wednesday, April 15th. This represents a $1.54 dividend on an annualized basis and a yield of 1.07%. Quaker Chemical’s dividend payout ratio (DPR) is currently 26.42%.
Several analysts have recently commented on KWR shares. Zacks Investment Research cut Quaker Chemical from a “hold” rating to a “sell” rating in a research report on Thursday, March 5th. ValuEngine raised Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Monday, March 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $172.00.
About Quaker Chemical
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. The company's products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.
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