Quaker Chemical Co. (NYSE:KWR) Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC increased its position in shares of Quaker Chemical Co. (NYSE:KWR) by 108.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 56,906 shares of the specialty chemicals company’s stock after purchasing an additional 29,584 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Quaker Chemical were worth $9,588,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Seizert Capital Partners LLC raised its stake in shares of Quaker Chemical by 122.7% during the 3rd quarter. Seizert Capital Partners LLC now owns 20,067 shares of the specialty chemicals company’s stock worth $3,381,000 after buying an additional 11,058 shares during the last quarter. Natixis Advisors LLC acquired a new position in Quaker Chemical during the third quarter worth about $2,488,000. Royce & Associates LP raised its position in Quaker Chemical by 5.3% during the third quarter. Royce & Associates LP now owns 434,303 shares of the specialty chemicals company’s stock worth $73,176,000 after acquiring an additional 21,986 shares during the last quarter. KBC Group NV lifted its holdings in shares of Quaker Chemical by 50.9% in the third quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock valued at $88,000 after purchasing an additional 177 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Quaker Chemical by 5.1% during the 3rd quarter. Victory Capital Management Inc. now owns 5,332 shares of the specialty chemicals company’s stock worth $898,000 after purchasing an additional 259 shares in the last quarter. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KWR. StockNews.com lowered Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Royal Bank of Canada cut their target price on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Finally, Piper Sandler raised their price target on shares of Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th.

Quaker Chemical Price Performance

KWR stock opened at $167.71 on Monday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 2.02 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 Co. has a 52-week low of $151.31 and a 52-week high of $221.94. The stock’s fifty day simple moving average is $163.45 and its 200-day simple moving average is $170.65.

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 analysts’ consensus estimates of $2.08 by ($0.19). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business had revenue of $462.27 million during the quarter, compared to analyst estimates of $469.17 million. During the same period in the previous year, the business posted $2.05 earnings per share. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. Equities research analysts expect that Quaker Chemical Co. will post 7.78 EPS for the current year.

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.