Ameriprise Financial Inc. Sells 46,797 Shares of Quaker Chemical Co. (NYSE:KWR)

Ameriprise Financial Inc. decreased its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 13.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,974 shares of the specialty chemicals company’s stock after selling 46,797 shares during the period. Ameriprise Financial Inc.’s holdings in Quaker Chemical were worth $42,365,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mercer Global Advisors Inc. ADV raised its position in Quaker Chemical by 24.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,199 shares of the specialty chemicals company’s stock valued at $310,000 after purchasing an additional 439 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in Quaker Chemical during the 4th quarter valued at approximately $494,000. Northern Trust Corp raised its position in Quaker Chemical by 16.3% during the 4th quarter. Northern Trust Corp now owns 208,105 shares of the specialty chemicals company’s stock valued at $29,293,000 after purchasing an additional 29,113 shares during the last quarter. Aquatic Capital Management LLC raised its position in Quaker Chemical by 480.7% during the 4th quarter. Aquatic Capital Management LLC now owns 10,452 shares of the specialty chemicals company’s stock valued at $1,471,000 after purchasing an additional 8,652 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new position in Quaker Chemical during the 4th quarter valued at approximately $373,000. Institutional investors own 77.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on KWR shares. StockNews.com lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Piper Sandler lowered their price objective on shares of Quaker Chemical from $170.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. Finally, Royal Bank of Canada lowered their price objective on shares of Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th.

Quaker Chemical Price Performance

Shares of NYSE KWR opened at $103.22 on Monday. Quaker Chemical Co. has a fifty-two week low of $95.91 and a fifty-two week high of $197.03. The company has a 50 day simple moving average of $115.04 and a two-hundred day simple moving average of $135.99. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 1.62 and a beta of 1.42. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54.

Quaker Chemical (NYSE:KWR) last announced its earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.06. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The business had revenue of $442.91 million during the quarter, compared to the consensus estimate of $455.23 million. During the same quarter last year, the firm earned $2.09 earnings per share. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. Analysts expect that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th were paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Wednesday, April 16th. Quaker Chemical’s dividend payout ratio is 36.67%.

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.