Quaker Chemical Co. (NYSE:KWR) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp boosted its position in Quaker Chemical Co. (NYSE:KWR) by 8.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 14,316 shares of the specialty chemicals company’s stock after buying an additional 1,117 shares during the period. Stifel Financial Corp’s holdings in Quaker Chemical were worth $2,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of KWR. GAMMA Investing LLC increased its stake in shares of 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 acquiring an additional 80 shares during the period. Fifth Third Bancorp increased its position in Quaker Chemical by 36.8% during the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock worth $49,000 after purchasing an additional 77 shares during the period. KBC Group NV raised its stake in shares of Quaker Chemical by 50.9% during the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock worth $88,000 after buying an additional 177 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Quaker Chemical in the 2nd quarter valued at approximately $136,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Quaker Chemical by 100.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company’s stock valued at $153,000 after buying an additional 453 shares in the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Quaker Chemical

In other news, EVP Jeewat Bijlani sold 645 shares of Quaker Chemical 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. The trade was a 11.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Slinkman sold 1,700 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $474,035. The trade was a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Quaker Chemical Price Performance

Quaker Chemical stock opened at $144.13 on Thursday. The firm has a market capitalization of $2.56 billion, a PE ratio of 21.13, a P/E/G ratio of 1.84 and a beta of 1.38. Quaker Chemical Co. has a 52 week low of $143.76 and a 52 week high of $221.94. The firm’s 50-day simple moving average is $160.38 and its 200 day simple moving average is $166.19. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR) last released 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 business had revenue of $462.27 million during the quarter, compared to analyst estimates of $469.17 million. During the same quarter in the prior year, the company earned $2.05 earnings per share. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, equities research analysts predict that Quaker Chemical Co. will post 7.78 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Friday, January 17th. Quaker Chemical’s payout ratio is 28.45%.

Analyst Upgrades and Downgrades

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

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.