Entropy Technologies LP Lowers Stock Holdings in Quaker Chemical Co. (NYSE:KWR)

Entropy Technologies LP reduced its holdings in Quaker Chemical Co. (NYSE:KWR) by 41.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,870 shares of the specialty chemicals company’s stock after selling 1,300 shares during the quarter. Entropy Technologies LP’s holdings in Quaker Chemical were worth $263,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Creative Planning increased its position in Quaker Chemical by 70.4% during the second quarter. Creative Planning now owns 2,382 shares of the specialty chemicals company’s stock worth $404,000 after buying an additional 984 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Quaker Chemical by 98.4% during the third quarter. SG Americas Securities LLC now owns 2,047 shares of the specialty chemicals company’s stock worth $345,000 after purchasing an additional 1,015 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Quaker Chemical by 105.3% in 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 in the last quarter. Inspire Investing LLC raised its stake in Quaker Chemical by 17.6% during the third quarter. Inspire Investing LLC now owns 2,434 shares of the specialty chemicals company’s stock valued at $410,000 after buying an additional 364 shares in the last quarter. Finally, Raymond James & Associates raised its stake in Quaker Chemical by 4.7% during the third quarter. Raymond James & Associates now owns 34,728 shares of the specialty chemicals company’s stock valued at $5,851,000 after buying an additional 1,549 shares in the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.

Quaker Chemical Trading Up 2.1 %

NYSE KWR opened at $141.04 on Friday. Quaker Chemical Co. has a 1-year low of $124.66 and a 1-year high of $207.83. 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 capitalization of $2.51 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 1.54 and a beta of 1.39. The firm’s fifty day simple moving average is $140.07 and its 200-day simple moving average is $155.56.

Quaker Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Friday, January 17th. Quaker Chemical’s payout ratio is 28.45%.

Insiders Place Their Bets

In other news, SVP David Slinkman sold 1,700 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $167.80, for a total value of $285,260.00. Following the sale, the senior vice president now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jeewat Bijlani sold 645 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $165.98, for a total transaction 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 approximately $787,907.06. The trade was 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.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price objective 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 cut their price objective on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Piper Sandler reiterated a “neutral” rating and set a $170.00 price objective (down previously from $200.00) on shares of Quaker Chemical in a research report on Tuesday, January 7th. Finally, StockNews.com upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th.

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.