409 Shares in Quaker Chemical Co. (NYSE:KWR) Bought by Kohmann Bosshard Financial Services LLC

Kohmann Bosshard Financial Services LLC purchased a new position in Quaker Chemical Co. (NYSE:KWR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 409 shares of the specialty chemicals company’s stock, valued at approximately $58,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its position in Quaker Chemical by 1.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,013 shares of the specialty chemicals company’s stock valued at $1,269,000 after buying an additional 110 shares during the period. Park Avenue Securities LLC lifted its position in Quaker Chemical by 9.2% during the fourth quarter. Park Avenue Securities LLC now owns 1,729 shares of the specialty chemicals company’s stock valued at $243,000 after buying an additional 146 shares during the period. KBC Group NV lifted its position in Quaker Chemical by 32.8% during the fourth quarter. KBC Group NV now owns 697 shares of the specialty chemicals company’s stock valued at $98,000 after buying an additional 172 shares during the period. Victory Capital Management Inc. lifted its position in Quaker Chemical by 5.1% during the third quarter. Victory Capital Management Inc. now owns 5,332 shares of the specialty chemicals company’s stock valued at $898,000 after buying an additional 259 shares during the period. Finally, HighTower Advisors LLC lifted its position in Quaker Chemical by 30.7% during the third quarter. HighTower Advisors LLC now owns 1,795 shares of the specialty chemicals company’s stock valued at $312,000 after buying an additional 422 shares during the period. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on KWR. Royal Bank of Canada lowered their price objective on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft lowered their price target on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Monday, November 4th. StockNews.com lowered Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $170.00 price target (down previously from $200.00) on shares of Quaker Chemical in a research report on Tuesday, January 7th.

Quaker Chemical Price Performance

KWR opened at $133.79 on Tuesday. Quaker Chemical Co. has a 1 year low of $124.66 and a 1 year high of $207.83. The stock has a 50-day moving average price of $138.20 and a 200-day moving average price of $153.42. The firm has a market cap of $2.36 billion, a PE ratio of 19.62, a P/E/G ratio of 1.62 and a beta of 1.39. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Monday, February 24th. The specialty chemicals company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.29). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business had revenue of $444.09 million during the quarter, compared to the consensus estimate of $430.47 million. During the same quarter in the previous year, the business posted $1.78 earnings per share. Sell-side analysts predict that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.485 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.94 annualized dividend and a yield of 1.45%. Quaker Chemical’s payout ratio is 29.80%.

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.