Cerity Partners LLC Raises Holdings in Quaker Chemical Co. (NYSE:KWR)

Cerity Partners LLC increased its position in Quaker Chemical Co. (NYSE:KWR) by 485.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 64,631 shares of the specialty chemicals company’s stock after acquiring an additional 53,592 shares during the quarter. Cerity Partners LLC’s holdings in Quaker Chemical were worth $10,890,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in Quaker Chemical by 337.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 224,008 shares of the specialty chemicals company’s stock worth $38,014,000 after purchasing an additional 172,750 shares during the period. Marshall Wace LLP lifted its stake in shares of Quaker Chemical by 2,077.7% during the 2nd quarter. Marshall Wace LLP now owns 138,239 shares of the specialty chemicals company’s stock valued at $23,459,000 after buying an additional 131,891 shares in the last quarter. WCM Investment Management LLC bought a new position in Quaker Chemical in the 3rd quarter worth approximately $9,288,000. Dimensional Fund Advisors LP grew its stake in Quaker Chemical by 14.8% in the 2nd 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 in the last quarter. Finally, F M Investments LLC bought a new stake in Quaker Chemical during the 2nd quarter valued at $5,189,000. 77.46% of the stock is currently owned by institutional investors.

Quaker Chemical Price Performance

Quaker Chemical stock opened at $157.81 on Wednesday. The business has a 50-day simple moving average of $163.83 and a 200 day simple moving average of $169.66. Quaker Chemical Co. has a 52 week low of $151.31 and a 52 week high of $221.94. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 1.99 and a beta of 1.38. 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 posted its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.19). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The company had revenue of $462.27 million during the quarter, compared to the consensus estimate of $469.17 million. During the same quarter last year, the company posted $2.05 earnings per share. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. On average, research analysts forecast that Quaker Chemical Co. will post 7.78 earnings per share for the current fiscal year.

Quaker Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, January 17th. Quaker Chemical’s dividend payout ratio is currently 28.45%.

Insider Buying and Selling

In other news, SVP David Slinkman sold 1,700 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $167.80, for a total value of $285,260.00. Following the completion of the sale, the senior vice president now directly owns 2,825 shares in the company, valued at approximately $474,035. The trade was a 37.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jeewat Bijlani sold 645 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 4,747 shares in the company, valued at approximately $787,907.06. This represents a 11.96 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Piper Sandler raised their price target on Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. StockNews.com lowered Quaker Chemical from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Royal Bank of Canada lowered their price target on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective 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, November 4th.

Quaker Chemical 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.