Geode Capital Management LLC Purchases 3,118 Shares of Quaker Chemical Co. (NYSE:KWR)

Geode Capital Management LLC grew its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 312,784 shares of the specialty chemicals company’s stock after buying an additional 3,118 shares during the period. Geode Capital Management LLC owned 1.76% of Quaker Chemical worth $52,713,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of KWR. GAMMA Investing LLC grew its holdings in Quaker Chemical by 105.3% in the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 80 shares during the period. Fifth Third Bancorp grew its stake in shares of Quaker Chemical by 36.8% in the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock worth $49,000 after acquiring an additional 77 shares during the last quarter. KBC Group NV increased its holdings in shares of Quaker Chemical by 50.9% during the third quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock valued at $88,000 after acquiring an additional 177 shares in the last quarter. nVerses Capital LLC purchased a new stake in Quaker Chemical during the 2nd quarter valued at about $136,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in shares of Quaker Chemical by 100.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company’s stock valued at $153,000 after acquiring an additional 453 shares in the last quarter. Institutional investors own 77.46% of the company’s stock.

Insider Transactions at Quaker Chemical

In related news, SVP David Slinkman sold 1,700 shares of the business’s stock in a transaction that occurred 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 owns 2,825 shares in the company, valued at approximately $474,035. The trade was a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeewat Bijlani sold 645 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $165.98, for a total value of $107,057.10. Following the completion of the sale, the executive vice president now owns 4,747 shares of the company’s stock, valued at $787,907.06. This represents a 11.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Quaker Chemical Trading Down 1.7 %

KWR stock opened at $138.61 on Monday. The firm has a fifty day moving average price of $159.20 and a 200 day moving average price of $165.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The firm has a market cap of $2.47 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 1.84 and a beta of 1.38. Quaker Chemical Co. has a fifty-two week low of $137.65 and a fifty-two week high of $221.94.

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

Quaker Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.94 dividend on an annualized basis and a yield of 1.40%. Quaker Chemical’s payout ratio is 28.45%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Royal Bank of Canada reduced their price objective on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Piper Sandler boosted their price objective on shares of Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 8th. StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a report on Monday, November 4th.

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.