Avantax Advisory Services Inc. Sells 591 Shares of Quaker Chemical Co. (NYSE:KWR)

Avantax Advisory Services Inc. decreased its stake in Quaker Chemical Co. (NYSE:KWR) by 19.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,465 shares of the specialty chemicals company’s stock after selling 591 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Quaker Chemical were worth $347,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of KWR. Harbor Capital Advisors Inc. raised its stake in shares of Quaker Chemical by 1.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,013 shares of the specialty chemicals company’s stock valued at $1,269,000 after acquiring an additional 110 shares in the last quarter. Park Avenue Securities LLC raised its holdings in Quaker Chemical by 9.2% in the fourth quarter. Park Avenue Securities LLC now owns 1,729 shares of the specialty chemicals company’s stock worth $243,000 after purchasing an additional 146 shares in the last quarter. KBC Group NV lifted its position in shares of Quaker Chemical by 32.8% during the fourth quarter. KBC Group NV now owns 697 shares of the specialty chemicals company’s stock valued at $98,000 after buying an additional 172 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Quaker Chemical by 5.1% in the third quarter. Victory Capital Management Inc. now owns 5,332 shares of the specialty chemicals company’s stock worth $898,000 after purchasing an additional 259 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Quaker Chemical in the fourth quarter valued at about $58,000. 77.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on KWR. StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Piper Sandler reiterated a “neutral” rating and issued a $170.00 price objective (down previously from $200.00) on shares of Quaker Chemical in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada dropped their target price on shares of Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th.

Quaker Chemical Stock Up 1.5 %

Shares of NYSE:KWR opened at $131.28 on Tuesday. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The stock has a market cap of $2.32 billion, a P/E ratio of 19.25, a PEG ratio of 1.62 and a beta of 1.43. The business has a fifty day moving average of $137.01 and a two-hundred day moving average of $149.71. Quaker Chemical Co. has a 52-week low of $124.66 and a 52-week high of $207.83.

Quaker Chemical (NYSE:KWR) last posted its earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.29). The company had revenue of $444.09 million during the quarter, compared to analyst estimates of $430.47 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. During the same period in the previous year, the company earned $1.78 EPS. On average, research analysts expect that Quaker Chemical Co. will post 7.75 earnings per share for the current year.

Quaker Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.485 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 annualized dividend and a yield of 1.48%. Quaker Chemical’s dividend payout ratio is presently 29.80%.

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.