Entropy Technologies LP Reduces Holdings in Quaker Chemical Co. (NYSE:KWR)

Entropy Technologies LP cut its stake in shares of Quaker Chemical Co. (NYSE:KWR) by 41.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,870 shares of the specialty chemicals company’s stock after selling 1,300 shares during the quarter. Entropy Technologies LP’s holdings in Quaker Chemical were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Hunter Perkins Capital Management LLC purchased a new position in shares of Quaker Chemical in the 4th quarter valued at approximately $764,000. KBC Group NV increased its position in Quaker Chemical by 32.8% during the 4th quarter. KBC Group NV now owns 697 shares of the specialty chemicals company’s stock valued at $98,000 after buying an additional 172 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of Quaker Chemical by 17.7% in the 4th quarter. Inspire Investing LLC now owns 2,866 shares of the specialty chemicals company’s stock worth $403,000 after purchasing an additional 432 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of Quaker Chemical by 9.2% in the 4th quarter. Park Avenue Securities LLC now owns 1,729 shares of the specialty chemicals company’s stock worth $243,000 after buying an additional 146 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Quaker Chemical by 1.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,013 shares of the specialty chemicals company’s stock valued at $1,269,000 after purchasing an additional 110 shares in the last quarter. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Quaker Chemical news, SVP David Slinkman sold 1,700 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $167.80, for a total value of $285,260.00. Following the completion of the sale, the senior vice president now directly owns 2,825 shares in the company, valued at $474,035. This represents a 37.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeewat Bijlani sold 645 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $165.98, for a total value of $107,057.10. Following the completion of the transaction, the executive vice president now directly owns 4,747 shares in the company, valued at approximately $787,907.06. This trade represents a 11.96 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KWR. StockNews.com upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Piper Sandler restated a “neutral” rating and issued a $170.00 price objective (down from $200.00) on shares of Quaker Chemical in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Royal Bank of Canada reduced their target price on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, November 4th.

Quaker Chemical Price Performance

KWR opened at $141.04 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The firm has a market capitalization of $2.51 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 1.54 and a beta of 1.39. The business’s 50-day moving average is $140.07 and its two-hundred day moving average is $155.56. Quaker Chemical Co. has a 1 year low of $124.66 and a 1 year high of $207.83.

Quaker Chemical Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, January 17th. Quaker Chemical’s payout ratio is 28.45%.

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.