NFJ Investment Group LLC Sells 587 Shares of Quaker Chemical Co. (NYSE:KWR)

NFJ Investment Group LLC trimmed its position in Quaker Chemical Co. (NYSE:KWR) by 4.4% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 12,894 shares of the specialty chemicals company’s stock after selling 587 shares during the period. NFJ Investment Group LLC owned about 0.07% of Quaker Chemical worth $2,173,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ingalls & Snyder LLC bought a new position in Quaker Chemical in the third quarter valued at about $286,000. Janus Henderson Group PLC lifted its position in Quaker Chemical by 917.6% during the 3rd quarter. Janus Henderson Group PLC now owns 57,370 shares of the specialty chemicals company’s stock valued at $9,666,000 after purchasing an additional 51,732 shares during the period. HighTower Advisors LLC boosted its stake in shares of Quaker Chemical by 30.7% in the 3rd quarter. HighTower Advisors LLC now owns 1,795 shares of the specialty chemicals company’s stock valued at $312,000 after purchasing an additional 422 shares during the last quarter. Holocene Advisors LP grew its position in shares of Quaker Chemical by 240.4% during the 3rd quarter. Holocene Advisors LP now owns 13,323 shares of the specialty chemicals company’s stock worth $2,245,000 after buying an additional 9,409 shares during the period. Finally, Paloma Partners Management Co bought a new stake in shares of Quaker Chemical during the third quarter worth approximately $384,000. 77.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Quaker Chemical

In related news, SVP David Slinkman sold 1,700 shares of Quaker Chemical stock in a transaction that occurred on 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 owns 2,825 shares of the company’s stock, valued at approximately $474,035. This trade represents a 37.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeewat Bijlani sold 645 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $165.98, for a total value of $107,057.10. Following the transaction, the executive vice president now directly owns 4,747 shares of the company’s stock, valued at approximately $787,907.06. This trade represents a 11.96 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KWR shares. StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Deutsche Bank Aktiengesellschaft reduced their price target on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Piper Sandler upped 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. Finally, Royal Bank of Canada reduced their target price on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, November 4th.

Quaker Chemical Trading Down 2.2 %

Shares of NYSE KWR opened at $156.62 on Wednesday. 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. The company’s fifty day moving average is $162.59 and its 200-day moving average is $168.40. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 1.93 and a beta of 1.38.

Quaker Chemical (NYSE:KWR) last posted its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). The business had revenue of $462.27 million during the quarter, compared to analyst estimates of $469.17 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm’s revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.05 earnings per share. Equities research analysts predict that Quaker Chemical Co. will post 7.78 EPS for the current year.

Quaker Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.94 annualized dividend and a yield of 1.24%. Quaker Chemical’s dividend payout ratio (DPR) is currently 28.45%.

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.