Quaker Chemical Co. (NYSE:KWR) Stake Boosted by King Luther Capital Management Corp

King Luther Capital Management Corp grew its stake in shares of Quaker Chemical Co. (NYSE:KWR) by 5.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 23,591 shares of the specialty chemicals company’s stock after acquiring an additional 1,249 shares during the period. King Luther Capital Management Corp’s holdings in Quaker Chemical were worth $3,975,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its position in Quaker Chemical by 112.8% in the third quarter. Harbor Capital Advisors Inc. now owns 8,903 shares of the specialty chemicals company’s stock worth $1,500,000 after purchasing an additional 4,720 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in Quaker Chemical by 46.3% in the first quarter. 1832 Asset Management L.P. now owns 32,570 shares of the specialty chemicals company’s stock valued at $6,685,000 after buying an additional 10,310 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Quaker Chemical by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company’s stock worth $22,193,000 after purchasing an additional 3,441 shares during the period. Vanguard Group Inc. raised its holdings in shares of Quaker Chemical by 0.5% during the first quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company’s stock worth $329,942,000 after acquiring an additional 8,484 shares during the period. Finally, ProShare Advisors LLC grew its position in Quaker Chemical by 68.3% in the second quarter. ProShare Advisors LLC now owns 67,812 shares of the specialty chemicals company’s stock valued at $11,508,000 after purchasing an additional 27,514 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors.

Quaker Chemical Trading Down 0.8 %

Shares of Quaker Chemical stock opened at $165.19 on Friday. Quaker Chemical Co. has a 12-month low of $151.31 and a 12-month high of $221.94. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 1.97 and a beta of 1.38. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $163.89 and its 200-day moving average price is $170.25.

Quaker Chemical (NYSE:KWR) last issued its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.19). The firm had revenue of $462.27 million during the quarter, compared to analysts’ expectations of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.05 earnings per share. On average, equities analysts expect that Quaker Chemical Co. will post 7.78 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Friday, January 17th. Quaker Chemical’s payout ratio is 28.45%.

Wall Street Analyst Weigh In

Several analysts have weighed in on KWR shares. Royal Bank of Canada dropped their price objective 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. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Monday, November 4th. StockNews.com lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Piper Sandler boosted their target price on shares of Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 8th.

About Quaker Chemical

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.