Amalgamated Bank Trims Position in Quaker Chemical Co. (NYSE:KWR)

Amalgamated Bank decreased its position in shares of Quaker Chemical Co. (NYSE:KWR) by 3.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 4,071 shares of the specialty chemicals company’s stock after selling 167 shares during the period. Amalgamated Bank’s holdings in Quaker Chemical were worth $686,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Fifth Third Bancorp lifted its stake in shares of Quaker Chemical by 36.8% during the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock valued at $49,000 after buying an additional 77 shares during the period. GAMMA Investing LLC raised its stake in Quaker Chemical by 105.3% during 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. Louisiana State Employees Retirement System raised its stake in Quaker Chemical by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the specialty chemicals company’s stock worth $1,188,000 after purchasing an additional 100 shares during the period. Mackenzie Financial Corp raised its stake in Quaker Chemical by 6.6% during the second quarter. Mackenzie Financial Corp now owns 1,778 shares of the specialty chemicals company’s stock worth $302,000 after purchasing an additional 110 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in Quaker Chemical by 1.0% during the third quarter. Nisa Investment Advisors LLC now owns 13,001 shares of the specialty chemicals company’s stock worth $2,191,000 after purchasing an additional 123 shares during the period. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KWR. Royal Bank of Canada cut 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 note on Monday, November 4th. StockNews.com downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Piper Sandler increased their price target on shares of Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of 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 Stock Performance

Shares of KWR stock opened at $167.77 on Friday. The company’s fifty day simple moving average is $163.45 and its 200-day simple moving average is $170.88. Quaker Chemical Co. has a 52 week low of $151.31 and a 52 week high of $221.94. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The company has a market cap of $2.98 billion, a PE ratio of 24.60, a P/E/G ratio of 2.07 and a beta of 1.38.

Quaker Chemical (NYSE:KWR) last issued its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). The business had revenue of $462.27 million during 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 revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.05 EPS. As a group, equities research analysts anticipate that Quaker Chemical Co. will post 7.78 EPS for the current year.

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.