Chatham Capital Group Inc. Increases Stock Position in Quaker Chemical Co. (NYSE:KWR)

Chatham Capital Group Inc. lifted its holdings in Quaker Chemical Co. (NYSE:KWR) by 12.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 10,395 shares of the specialty chemicals company’s stock after purchasing an additional 1,170 shares during the period. Chatham Capital Group Inc. owned about 0.06% of Quaker Chemical worth $2,134,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Mutual of America Capital Management LLC raised its stake in shares of Quaker Chemical by 512.8% during the 4th quarter. Mutual of America Capital Management LLC now owns 14,884 shares of the specialty chemicals company’s stock worth $3,177,000 after acquiring an additional 12,455 shares in the last quarter. Ranger Investment Management L.P. raised its stake in shares of Quaker Chemical by 40.0% during the 4th quarter. Ranger Investment Management L.P. now owns 96,769 shares of the specialty chemicals company’s stock worth $20,652,000 after acquiring an additional 27,669 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Quaker Chemical by 9.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 281,367 shares of the specialty chemicals company’s stock worth $60,056,000 after acquiring an additional 25,442 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Quaker Chemical by 2,196.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 123,222 shares of the specialty chemicals company’s stock worth $26,298,000 after acquiring an additional 117,857 shares in the last quarter. Finally, Ziegler Capital Management LLC bought a new position in shares of Quaker Chemical during the 4th quarter worth approximately $2,370,000. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Analyst Upgrades and Downgrades

KWR has been the subject of several recent analyst reports. Royal Bank of Canada boosted their price objective on shares of Quaker Chemical from $200.00 to $223.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Piper Sandler assumed coverage on shares of Quaker Chemical in a research note on Thursday, May 16th. They set an “overweight” rating and a $220.00 price target on the stock. Finally, StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd.

Quaker Chemical Stock Performance

Quaker Chemical stock traded down $0.14 during mid-day trading on Friday, reaching $169.70. 230,921 shares of the company traded hands, compared to its average volume of 112,328. The firm’s fifty day moving average is $181.37 and its two-hundred day moving average is $193.48. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 1.35 and a beta of 1.42. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.98. Quaker Chemical Co. has a fifty-two week low of $138.67 and a fifty-two week high of $221.94.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Thursday, May 2nd. The specialty chemicals company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.97 by $0.12. The business had revenue of $469.76 million for the quarter, compared to the consensus estimate of $494.53 million. Quaker Chemical had a net margin of 6.16% and a return on equity of 10.35%. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.89 EPS. On average, equities research analysts expect that Quaker Chemical Co. will post 8.68 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, July 31st. Stockholders of record on Wednesday, July 17th will be issued a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Wednesday, July 17th. Quaker Chemical’s dividend payout ratio (DPR) is currently 27.70%.

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.