Quaker Chemical Co. (NYSE:KWR) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its holdings in Quaker Chemical Co. (NYSE:KWR) by 17.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,831 shares of the specialty chemicals company’s stock after selling 2,334 shares during the period. Thrivent Financial for Lutherans’ holdings in Quaker Chemical were worth $1,825,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. O Shaughnessy Asset Management LLC bought a new position in Quaker Chemical during the 1st quarter worth $304,000. Price T Rowe Associates Inc. MD grew its position in Quaker Chemical by 3.3% in the 1st 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 buying an additional 3,441 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Quaker Chemical by 18.4% during the first quarter. Tidal Investments LLC now owns 2,842 shares of the specialty chemicals company’s stock valued at $583,000 after acquiring an additional 442 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Quaker Chemical by 374.3% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 4,183 shares of the specialty chemicals company’s stock worth $710,000 after buying an additional 3,301 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in Quaker Chemical by 54.5% in the second quarter. SG Americas Securities LLC now owns 1,032 shares of the specialty chemicals company’s stock worth $175,000 after acquiring an additional 364 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Quaker Chemical Price Performance

NYSE:KWR opened at $155.86 on Friday. 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 stock has a market cap of $2.77 billion, a P/E ratio of 22.85, a PEG ratio of 1.96 and a beta of 1.38. The company has a fifty day moving average price of $163.34 and a 200 day moving average price of $169.37. Quaker Chemical Co. has a one year low of $151.31 and a one year high of $221.94.

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

Quaker Chemical Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 annualized dividend and a dividend yield of 1.24%. Quaker Chemical’s dividend payout ratio is presently 28.45%.

Insider Buying and Selling 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 shares were sold at an average price of $167.80, for a total value of $285,260.00. Following the completion of the transaction, the senior vice president now owns 2,825 shares in the company, valued at $474,035. The trade was a 37.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jeewat Bijlani sold 645 shares of Quaker Chemical stock in a transaction on Friday, November 22nd. The shares were 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 directly owns 4,747 shares of the company’s stock, valued at $787,907.06. This trade 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.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KWR. Deutsche Bank Aktiengesellschaft cut their target price on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada dropped their price objective 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 raised Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Piper Sandler upped their price objective 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.

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.