Orion Portfolio Solutions LLC Sells 450 Shares of Quaker Chemical Co. (NYSE:KWR)

Orion Portfolio Solutions LLC cut its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 5.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,476 shares of the specialty chemicals company’s stock after selling 450 shares during the period. Orion Portfolio Solutions LLC’s holdings in Quaker Chemical were worth $1,260,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of KWR. Allspring Global Investments Holdings LLC grew its position in Quaker Chemical by 337.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 224,008 shares of the specialty chemicals company’s stock worth $38,014,000 after acquiring an additional 172,750 shares during the last quarter. Marshall Wace LLP grew its position in 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 worth $23,459,000 after acquiring an additional 131,891 shares during the last quarter. WCM Investment Management LLC bought a new stake in Quaker Chemical during the 3rd quarter worth approximately $9,288,000. Cerity Partners LLC grew its position in Quaker Chemical by 485.5% during the 3rd quarter. Cerity Partners LLC now owns 64,631 shares of the specialty chemicals company’s stock worth $10,890,000 after acquiring an additional 53,592 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Quaker Chemical by 917.6% during the 3rd quarter. Janus Henderson Group PLC now owns 57,370 shares of the specialty chemicals company’s stock worth $9,666,000 after acquiring an additional 51,732 shares during the last quarter. 77.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KWR has been the topic of a number of research analyst reports. StockNews.com upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Piper Sandler upped their price objective on Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, Royal Bank of Canada reduced their price objective on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, November 4th.

Quaker Chemical Stock Performance

KWR stock opened at $152.73 on Friday. The business’s fifty day moving average is $160.81 and its 200-day moving average is $166.70. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The company has a market cap of $2.72 billion, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 1.85 and a beta of 1.38. Quaker Chemical Co. has a twelve month low of $149.74 and a twelve month high of $221.94.

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

Quaker Chemical Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 1.27%. The ex-dividend date is Friday, January 17th. Quaker Chemical’s payout ratio is presently 28.45%.

Insider Buying and Selling

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

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.