Quaker Chemical Co. (NYSE:KWR) Position Reduced by EntryPoint Capital LLC

EntryPoint Capital LLC cut its position in shares of Quaker Chemical Co. (NYSE:KWR) by 34.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 585 shares of the specialty chemicals company’s stock after selling 301 shares during the quarter. EntryPoint Capital LLC’s holdings in Quaker Chemical were worth $120,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in KWR. Norges Bank acquired a new position in shares of Quaker Chemical in the 4th quarter valued at about $29,226,000. Public Employees Retirement Association of Colorado grew its holdings in Quaker Chemical by 2,196.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 123,222 shares of the specialty chemicals company’s stock valued at $26,298,000 after purchasing an additional 117,857 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Quaker Chemical by 1,080.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 82,600 shares of the specialty chemicals company’s stock valued at $16,954,000 after purchasing an additional 75,600 shares during the last quarter. GW&K Investment Management LLC grew its holdings in Quaker Chemical by 25.7% during the fourth quarter. GW&K Investment Management LLC now owns 328,739 shares of the specialty chemicals company’s stock valued at $70,160,000 after purchasing an additional 67,195 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Quaker Chemical in the first quarter valued at approximately $10,521,000. Institutional investors and hedge funds own 77.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on KWR. Piper Sandler began coverage on Quaker Chemical in a research report on Thursday, May 16th. They issued an “overweight” rating and a $220.00 price objective for the company. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Thursday.

Quaker Chemical Stock Up 1.3 %

Shares of KWR stock opened at $182.48 on Friday. The stock has a market cap of $3.28 billion, a P/E ratio of 27.77, a price-to-earnings-growth ratio of 1.43 and a beta of 1.40. Quaker Chemical Co. has a one year low of $138.67 and a one year high of $221.94. The stock has a fifty day moving average price of $176.80 and a 200 day moving average price of $189.11. 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 (NYSE:KWR) last issued its quarterly earnings data on Thursday, May 2nd. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.12. The company had revenue of $469.76 million during the quarter, compared to analysts’ expectations of $494.53 million. Quaker Chemical had a return on equity of 10.35% and a net margin of 6.16%. The business’s revenue was down 6.1% on a year-over-year basis. During the same period last year, the business earned $1.89 earnings per share. Analysts predict that Quaker Chemical Co. will post 8.68 earnings per share for the current year.

Quaker Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a dividend of $0.455 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.00%. Quaker Chemical’s payout ratio is presently 27.70%.

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.