54,149 Shares in Quaker Chemical Co. (NYSE:KWR) Purchased by WCM Investment Management LLC

WCM Investment Management LLC bought a new stake in Quaker Chemical Co. (NYSE:KWR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 54,149 shares of the specialty chemicals company’s stock, valued at approximately $9,288,000. WCM Investment Management LLC owned 0.30% of Quaker Chemical as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KWR. State of New Jersey Common Pension Fund D raised its position in Quaker Chemical by 12.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 11,794 shares of the specialty chemicals company’s stock valued at $1,987,000 after purchasing an additional 1,329 shares in the last quarter. Atria Investments Inc grew its holdings in shares of Quaker Chemical by 41.1% during the 3rd quarter. Atria Investments Inc now owns 2,641 shares of the specialty chemicals company’s stock valued at $445,000 after purchasing an additional 769 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Quaker Chemical by 112.8% during the third quarter. Harbor Capital Advisors Inc. now owns 8,903 shares of the specialty chemicals company’s stock worth $1,500,000 after buying an additional 4,720 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Quaker Chemical by 1.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 13,001 shares of the specialty chemicals company’s stock worth $2,191,000 after acquiring an additional 123 shares during the last quarter. Finally, Copeland Capital Management LLC increased its holdings in Quaker Chemical by 0.7% in the 3rd quarter. Copeland Capital Management LLC now owns 388,719 shares of the specialty chemicals company’s stock worth $65,495,000 after purchasing an additional 2,592 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Quaker Chemical Stock Performance

Shares of Quaker Chemical stock opened at $173.13 on Tuesday. Quaker Chemical Co. has a 1-year low of $151.31 and a 1-year high of $221.94. 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 business has a 50-day moving average price of $163.02 and a two-hundred day moving average price of $171.18. The company has a market cap of $3.08 billion, a P/E ratio of 25.39, a PEG ratio of 2.02 and a beta of 1.38.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KWR shares. StockNews.com lowered Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Royal Bank of Canada dropped their price target 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 cut their price target 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. Finally, Piper Sandler increased their price objective on Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday.

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.