Public Employees Retirement Association of Colorado Sells 889 Shares of Quaker Chemical Co. (NYSE:KWR)

Public Employees Retirement Association of Colorado decreased its holdings in Quaker Chemical Co. (NYSE:KWR) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,333 shares of the specialty chemicals company’s stock after selling 889 shares during the period. Public Employees Retirement Association of Colorado owned 0.68% of Quaker Chemical worth $25,109,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KWR. Price T Rowe Associates Inc. MD increased its holdings in 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 valued at $22,193,000 after buying an additional 3,441 shares during the period. 1832 Asset Management L.P. lifted its stake in shares of Quaker Chemical by 46.3% during the first quarter. 1832 Asset Management L.P. now owns 32,570 shares of the specialty chemicals company’s stock worth $6,685,000 after buying an additional 10,310 shares during the period. MQS Management LLC acquired a new stake in shares of Quaker Chemical during the first quarter worth $259,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Quaker Chemical by 1,080.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 82,600 shares of the specialty chemicals company’s stock worth $16,954,000 after buying an additional 75,600 shares during the period. Finally, UniSuper Management Pty Ltd acquired a new position in Quaker Chemical during the first quarter valued at $723,000. Institutional investors own 77.46% of the company’s stock.

Quaker Chemical Stock Down 1.5 %

Shares of NYSE KWR traded down $2.77 during mid-day trading on Monday, hitting $179.60. The company had a trading volume of 14,477 shares, compared to its average volume of 92,530. Quaker Chemical Co. has a 1-year low of $138.67 and a 1-year high of $221.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.98. The company has a market capitalization of $3.23 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 1.45 and a beta of 1.40. The business’s 50-day simple moving average is $176.56 and its 200 day simple moving average is $188.87.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings results on Thursday, May 2nd. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.12. Quaker Chemical had a return on equity of 10.35% and a net margin of 6.16%. The firm had revenue of $469.76 million for the quarter, compared to analyst estimates of $494.53 million. During the same quarter last year, the company posted $1.89 earnings per share. The business’s revenue was down 6.1% on a year-over-year basis. On average, analysts predict that Quaker Chemical Co. will post 8.68 earnings per share for the current year.

Quaker Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.455 per share. The ex-dividend date is Wednesday, July 17th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.01%. Quaker Chemical’s payout ratio is 27.70%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on KWR shares. StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday. Piper Sandler assumed coverage on Quaker Chemical in a research note on Thursday, May 16th. They set an “overweight” rating and a $220.00 price target on the stock.

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.