State of New Jersey Common Pension Fund D Has $1.99 Million Stake in Quaker Chemical Co. (NYSE:KWR)

State of New Jersey Common Pension Fund D increased its position in Quaker Chemical Co. (NYSE:KWR) by 12.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,794 shares of the specialty chemicals company’s stock after buying an additional 1,329 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Quaker Chemical were worth $1,987,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KWR. Allspring Global Investments Holdings LLC increased its stake in shares of Quaker Chemical by 337.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 224,008 shares of the specialty chemicals company’s stock worth $38,014,000 after purchasing an additional 172,750 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Quaker Chemical by 2,077.7% in the second quarter. Marshall Wace LLP now owns 138,239 shares of the specialty chemicals company’s stock worth $23,459,000 after buying an additional 131,891 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Quaker Chemical by 1,080.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 82,600 shares of the specialty chemicals company’s stock worth $16,954,000 after acquiring an additional 75,600 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Quaker Chemical by 14.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 359,617 shares of the specialty chemicals company’s stock valued at $61,027,000 after acquiring an additional 46,240 shares in the last quarter. Finally, F M Investments LLC acquired a new stake in Quaker Chemical in the 2nd quarter worth approximately $5,189,000. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank of Canada dropped their price target on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Piper Sandler lifted their target price on shares of Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. StockNews.com cut shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Monday, November 4th.

Quaker Chemical Price Performance

Shares of Quaker Chemical stock opened at $167.71 on Friday. The firm has a fifty day moving average price of $163.45 and a two-hundred day moving average price of $170.77. Quaker Chemical Co. has a fifty-two week low of $151.31 and a fifty-two week high of $221.94. 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 company has a market cap of $2.98 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 2.07 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 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 firm had revenue of $462.27 million for the quarter, compared to analyst estimates of $469.17 million. During the same period last year, the business earned $2.05 earnings per share. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. Analysts expect that Quaker Chemical Co. will post 7.78 EPS for the current year.

Quaker Chemical Company 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.