Quaker Chemical Co. (NYSE:KWR) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in shares of Quaker Chemical Co. (NYSE:KWR) by 0.8% during the fourth quarter, HoldingsChannel reports. The firm owned 12,900 shares of the specialty chemicals company’s stock after selling 101 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Quaker Chemical were worth $1,816,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in KWR. GAMMA Investing LLC raised its position in Quaker Chemical by 105.3% during the 3rd quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 80 shares during the last quarter. KBC Group NV raised 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 worth $88,000 after purchasing an additional 177 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in 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 purchasing an additional 453 shares during the period. iSAM Funds UK Ltd purchased a new stake in Quaker Chemical in the third quarter valued at $208,000. Finally, Edgestream Partners L.P. acquired a new stake in Quaker Chemical during the 3rd quarter worth about $215,000. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Insider Activity

In related news, SVP David Slinkman sold 1,700 shares of the 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 of the company’s stock, valued at approximately $474,035. This trade represents a 37.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeewat Bijlani sold 645 shares of the business’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 transaction, the executive vice president now directly owns 4,747 shares in the company, valued at $787,907.06. This trade represents a 11.96 % decrease in their position. 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 analysts have recently commented on the company. StockNews.com upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Royal Bank of Canada cut their price target on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Piper Sandler reaffirmed a “neutral” rating and issued a $170.00 price target (down previously from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Monday, November 4th.

Quaker Chemical Stock Down 1.3 %

KWR stock opened at $138.44 on Monday. Quaker Chemical Co. has a 52 week low of $124.66 and a 52 week high of $207.83. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The firm has a 50-day simple moving average of $146.01 and a 200-day simple moving average of $159.37. The stock has a market capitalization of $2.46 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.53 and a beta of 1.39.

Quaker Chemical (NYSE:KWR) last announced 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 firm had revenue of $462.27 million for the quarter, compared to analyst estimates of $469.17 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. Quaker Chemical’s revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.05 EPS. Equities analysts forecast that Quaker Chemical Co. will post 7.75 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. Stockholders of record on Friday, January 17th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, January 17th. Quaker Chemical’s payout ratio is 28.45%.

About Quaker Chemical

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.