Quaker Chemical Co. (NYSE:KWR) Stake Lessened by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lowered its holdings in Quaker Chemical Co. (NYSE:KWR) by 55.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,870 shares of the specialty chemicals company’s stock after selling 3,598 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Quaker Chemical were worth $484,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KWR. Sei Investments Co. raised its holdings in shares of Quaker Chemical by 4.4% during the first quarter. Sei Investments Co. now owns 18,953 shares of the specialty chemicals company’s stock worth $3,891,000 after acquiring an additional 806 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Quaker Chemical by 8.7% in the first quarter. Russell Investments Group Ltd. now owns 27,158 shares of the specialty chemicals company’s stock valued at $5,574,000 after buying an additional 2,176 shares during the period. Entropy Technologies LP bought a new stake in shares of Quaker Chemical in the first quarter valued at about $281,000. Vanguard Group Inc. lifted its stake in shares of Quaker Chemical by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company’s stock valued at $329,942,000 after buying an additional 8,484 shares during the period. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Quaker Chemical in the first quarter valued at about $304,000. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Piper Sandler raised their price target on shares of Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Royal Bank of Canada cut 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. Finally, StockNews.com cut shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

Quaker Chemical Stock Performance

Shares of Quaker Chemical stock opened at $167.71 on Friday. The firm has a 50 day simple moving average of $163.45 and a 200 day simple moving average of $170.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. Quaker Chemical Co. has a fifty-two week low of $151.31 and a fifty-two week high of $221.94. The firm has a market cap of $2.98 billion, a P/E ratio of 24.59, a P/E/G 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 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business had revenue of $462.27 million for the quarter, compared to analyst estimates of $469.17 million. During the same period in the prior year, the firm posted $2.05 EPS. Quaker Chemical’s revenue was down 5.8% on a year-over-year basis. Sell-side analysts predict that Quaker Chemical Co. will post 7.78 earnings per share for the current fiscal year.

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.