Davis R M Inc. Has $288,000 Position in Quaker Chemical Co. (NYSE:KWR)

Davis R M Inc. cut its position in Quaker Chemical Co. (NYSE:KWR) by 73.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,708 shares of the specialty chemicals company’s stock after selling 4,626 shares during the quarter. Davis R M Inc.’s holdings in Quaker Chemical were worth $288,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Quaker Chemical by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company’s stock valued at $329,942,000 after acquiring an additional 8,484 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in shares of Quaker Chemical during the 1st quarter worth approximately $304,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Quaker Chemical by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company’s stock worth $22,193,000 after purchasing an additional 3,441 shares during the period. Tidal Investments LLC boosted its stake in shares of Quaker Chemical by 18.4% in the first quarter. Tidal Investments LLC now owns 2,842 shares of the specialty chemicals company’s stock valued at $583,000 after buying an additional 442 shares during the period. Finally, Harbor Capital Advisors Inc. grew its position in Quaker Chemical by 374.3% during the second quarter. Harbor Capital Advisors Inc. now owns 4,183 shares of the specialty chemicals company’s stock worth $710,000 after buying an additional 3,301 shares in the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on KWR shares. Piper Sandler lifted their price objective on Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 8th. StockNews.com cut shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft decreased 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. Finally, Royal Bank of Canada cut their price target on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, November 4th.

Quaker Chemical Price Performance

Shares of KWR stock opened at $162.48 on Tuesday. The business has a fifty day simple moving average of $163.90 and a 200 day simple moving average of $169.85. The company has a market cap of $2.89 billion, a P/E ratio of 23.82, a P/E/G ratio of 1.99 and a beta of 1.38. 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 Co. has a twelve month low of $151.31 and a twelve month high of $221.94.

Quaker Chemical (NYSE:KWR) last posted 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 company had revenue of $462.27 million during the quarter, compared to the consensus estimate of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same period last year, the company posted $2.05 EPS. On average, sell-side analysts forecast that Quaker Chemical Co. will post 7.78 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

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

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.