Advantage Alpha Capital Partners LP Increases Stake in Quaker Chemical Co. (NYSE:KWR)

Advantage Alpha Capital Partners LP grew its stake in shares of Quaker Chemical Co. (NYSE:KWR) by 13.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,848 shares of the specialty chemicals company’s stock after buying an additional 3,013 shares during the period. Advantage Alpha Capital Partners LP owned 0.14% of Quaker Chemical worth $4,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. First Pacific Financial bought a new stake in Quaker Chemical in the 2nd quarter valued at $25,000. GAMMA Investing LLC increased its holdings 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 purchasing an additional 80 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Quaker Chemical by 36.8% in the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 77 shares in the last quarter. KBC Group NV boosted its stake in Quaker Chemical by 50.9% during the third quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock valued at $88,000 after buying an additional 177 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in Quaker Chemical during the 2nd quarter valued at approximately $136,000. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KWR. Piper Sandler upped their price objective on Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Royal Bank of Canada decreased their price target 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 cut shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of 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 Price Performance

Quaker Chemical stock opened at $162.48 on Tuesday. The firm has a market capitalization of $2.89 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 1.99 and a beta of 1.38. Quaker Chemical Co. has a 12-month low of $151.31 and a 12-month high of $221.94. The firm has a 50-day moving average price of $163.90 and a 200-day moving average price of $169.85. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR) last announced its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (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 for the quarter, compared to analysts’ expectations of $469.17 million. During the same quarter last year, the firm earned $2.05 EPS. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. As a group, equities research analysts forecast that Quaker Chemical Co. will post 7.78 EPS for the current year.

Quaker Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, January 17th. Quaker Chemical’s payout ratio is presently 28.45%.

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.