MQS Management LLC Acquires Shares of 1,264 Quaker Chemical Co. (NYSE:KWR)

MQS Management LLC bought a new position in Quaker Chemical Co. (NYSE:KWR) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,264 shares of the specialty chemicals company’s stock, valued at approximately $259,000.

A number of other institutional investors also recently modified their holdings of KWR. SG Americas Securities LLC boosted its stake in Quaker Chemical by 8.6% in the 4th quarter. SG Americas Securities LLC now owns 856 shares of the specialty chemicals company’s stock worth $183,000 after purchasing an additional 68 shares during the period. Raymond James & Associates boosted its position in shares of Quaker Chemical by 8.1% in the fourth quarter. Raymond James & Associates now owns 31,540 shares of the specialty chemicals company’s stock valued at $6,731,000 after acquiring an additional 2,364 shares during the period. McGlone Suttner Wealth Management Inc. purchased a new position in Quaker Chemical during the fourth quarter valued at approximately $50,000. Perfromance Wealth Partners LLC bought a new stake in Quaker Chemical during the 4th quarter worth approximately $213,000. Finally, Buck Wealth Strategies LLC lifted its stake in Quaker Chemical by 90.1% in the 4th quarter. Buck Wealth Strategies LLC now owns 977 shares of the specialty chemicals company’s stock worth $209,000 after purchasing an additional 463 shares in the last quarter. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Quaker Chemical Price Performance

NYSE:KWR traded up $3.17 during midday trading on Friday, hitting $183.32. The company had a trading volume of 2,494 shares, compared to its average volume of 92,689. The stock’s fifty day moving average price is $177.01 and its 200-day moving average price is $189.17. Quaker Chemical Co. has a 52-week low of $138.67 and a 52-week high of $221.94. The company has a quick ratio of 1.98, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $3.30 billion, a PE ratio of 27.40, a P/E/G ratio of 1.42 and a beta of 1.40.

Quaker Chemical (NYSE:KWR) last released its earnings results on Thursday, May 2nd. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.12. The company had revenue of $469.76 million during the quarter, compared to the consensus estimate of $494.53 million. Quaker Chemical had a return on equity of 10.35% and a net margin of 6.16%. Quaker Chemical’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 EPS. As a group, research analysts expect that Quaker Chemical Co. will post 8.68 earnings per share for the current year.

Quaker Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 0.99%. The ex-dividend date is Wednesday, July 17th. Quaker Chemical’s dividend payout ratio is presently 27.70%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Piper Sandler started coverage on shares of Quaker Chemical in a report on Thursday, May 16th. They issued an “overweight” rating and a $220.00 price target on the stock. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday.

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.