Quaker Chemical Co. (NYSE:KWR) Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its stake in shares of Quaker Chemical Co. (NYSE:KWR) by 63.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 30,936 shares of the specialty chemicals company’s stock after acquiring an additional 11,983 shares during the period. Sei Investments Co. owned about 0.17% of Quaker Chemical worth $5,252,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of KWR. Lord Abbett & CO. LLC acquired a new stake in shares of Quaker Chemical in the first quarter valued at about $5,082,000. Ranger Investment Management L.P. raised its holdings in Quaker Chemical by 40.0% in the 4th quarter. Ranger Investment Management L.P. now owns 96,769 shares of the specialty chemicals company’s stock valued at $20,652,000 after acquiring an additional 27,669 shares during the last quarter. 1832 Asset Management L.P. lifted its stake in Quaker Chemical by 46.3% in the 1st quarter. 1832 Asset Management L.P. now owns 32,570 shares of the specialty chemicals company’s stock worth $6,685,000 after purchasing an additional 10,310 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Quaker Chemical by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company’s stock valued at $22,193,000 after purchasing an additional 3,441 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Quaker Chemical by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 1,599,027 shares of the specialty chemicals company’s stock valued at $341,264,000 after buying an additional 11,807 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Chemical Price Performance

Shares of KWR opened at $163.31 on Wednesday. The company has a market cap of $2.94 billion, a P/E ratio of 24.86, a PEG ratio of 1.90 and a beta of 1.37. Quaker Chemical Co. has a fifty-two week low of $138.67 and a fifty-two week high of $221.94. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average price is $167.06 and its 200 day moving average price is $178.75.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings data on Monday, August 5th. The specialty chemicals company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.08). Quaker Chemical had a return on equity of 10.49% and a net margin of 6.56%. The company had revenue of $463.57 million for the quarter, compared to analysts’ expectations of $493.68 million. During the same period in the prior year, the company posted $1.93 EPS. The firm’s revenue was down 6.4% compared to the same quarter last year. On average, research analysts forecast that Quaker Chemical Co. will post 8.3 earnings per share for the current fiscal year.

Quaker Chemical Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.19%. This is a positive change from Quaker Chemical’s previous quarterly dividend of $0.46. The ex-dividend date is Thursday, October 17th. Quaker Chemical’s dividend payout ratio is presently 27.70%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on KWR shares. Deutsche Bank Aktiengesellschaft reduced their price target on Quaker Chemical from $225.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, August 26th. Royal Bank of Canada reduced their target price on shares of Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, StockNews.com cut shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.

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.