Gotham Asset Management LLC Decreases Position in Quaker Chemical Co. (NYSE:KWR)

Gotham Asset Management LLC trimmed its holdings in Quaker Chemical Co. (NYSE:KWR) by 21.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,709 shares of the specialty chemicals company’s stock after selling 2,604 shares during the period. Gotham Asset Management LLC’s holdings in Quaker Chemical were worth $1,367,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of KWR. Raymond James Financial Inc. purchased a new stake in shares of Quaker Chemical in the fourth quarter worth approximately $28,978,000. JPMorgan Chase & Co. raised its holdings in shares of Quaker Chemical by 19.2% in the fourth quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company’s stock worth $106,870,000 after buying an additional 122,494 shares during the period. Royce & Associates LP raised its holdings in shares of Quaker Chemical by 27.8% in the fourth quarter. Royce & Associates LP now owns 555,219 shares of the specialty chemicals company’s stock worth $78,153,000 after buying an additional 120,916 shares during the period. Norges Bank purchased a new stake in shares of Quaker Chemical in the fourth quarter worth approximately $13,399,000. Finally, Marshall Wace LLP raised its holdings in shares of Quaker Chemical by 92.3% in the fourth quarter. Marshall Wace LLP now owns 187,715 shares of the specialty chemicals company’s stock worth $26,423,000 after buying an additional 90,078 shares during the period. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Quaker Chemical Stock Up 0.5%

Shares of NYSE:KWR opened at $106.77 on Friday. Quaker Chemical Co. has a 52-week low of $95.91 and a 52-week high of $197.03. The stock has a market cap of $1.89 billion, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 1.62 and a beta of 1.42. The business’s 50 day moving average is $112.12 and its 200 day moving average is $134.67. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR) last announced its quarterly earnings data on Thursday, May 1st. The specialty chemicals company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.06. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The company had revenue of $442.91 million for the quarter, compared to analysts’ expectations of $455.23 million. During the same quarter in the prior year, the firm earned $2.09 earnings per share. Quaker Chemical’s revenue was down 5.7% compared to the same quarter last year. Sell-side analysts predict that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be given a dividend of $0.485 per share. The ex-dividend date is Thursday, July 17th. This represents a $1.94 annualized dividend and a yield of 1.82%. Quaker Chemical’s dividend payout ratio (DPR) is presently 36.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on KWR shares. Royal Bank of Canada reduced their price target on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Piper Sandler dropped their price objective on Quaker Chemical from $170.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Finally, StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th.

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.