Inspire Investing LLC Buys 432 Shares of Quaker Chemical Co. (NYSE:KWR)

Inspire Investing LLC boosted its stake in Quaker Chemical Co. (NYSE:KWR) by 17.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,866 shares of the specialty chemicals company’s stock after acquiring an additional 432 shares during the quarter. Inspire Investing LLC’s holdings in Quaker Chemical were worth $403,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its position in Quaker Chemical by 112.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,903 shares of the specialty chemicals company’s stock worth $1,500,000 after buying an additional 4,720 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Quaker Chemical by 485.5% in the third quarter. Cerity Partners LLC now owns 64,631 shares of the specialty chemicals company’s stock valued at $10,890,000 after buying an additional 53,592 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Quaker Chemical by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 636,739 shares of the specialty chemicals company’s stock valued at $107,284,000 after acquiring an additional 90,726 shares during the last quarter. Seizert Capital Partners LLC grew its holdings in Quaker Chemical by 122.7% during the third quarter. Seizert Capital Partners LLC now owns 20,067 shares of the specialty chemicals company’s stock worth $3,381,000 after purchasing an additional 11,058 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Quaker Chemical by 37.4% during the 2nd quarter. Renaissance Technologies LLC now owns 21,300 shares of the specialty chemicals company’s stock worth $3,615,000 after acquiring an additional 5,800 shares during the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Chemical Stock Performance

NYSE KWR opened at $138.44 on Friday. The firm has a 50-day moving average price of $146.01 and a two-hundred day moving average price of $159.42. Quaker Chemical Co. has a 12-month low of $124.66 and a 12-month high of $207.83. The company has a market capitalization of $2.46 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.53 and a beta of 1.39. 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 issued its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (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 the consensus estimate of $469.17 million. During the same quarter last year, the firm posted $2.05 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. Analysts anticipate that Quaker Chemical Co. will post 7.75 earnings per share for the current year.

Quaker Chemical Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, January 17th. Quaker Chemical’s payout ratio is currently 28.45%.

Insider Activity at Quaker Chemical

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 transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeewat Bijlani sold 645 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $165.98, for a total transaction of $107,057.10. Following 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 position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada dropped 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. StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Piper Sandler reaffirmed a “neutral” rating and issued a $170.00 target price (down previously from $200.00) on shares of Quaker Chemical in a research report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a report on Monday, November 4th.

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.