Quaker Chemical Co. (NYSE:KWR) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. decreased its holdings in Quaker Chemical Co. (NYSE:KWR) by 8.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,358 shares of the specialty chemicals company’s stock after selling 663 shares during the period. Corebridge Financial Inc.’s holdings in Quaker Chemical were worth $1,036,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Bridge City Capital LLC lifted its position in Quaker Chemical by 0.5% during the fourth quarter. Bridge City Capital LLC now owns 16,107 shares of the specialty chemicals company’s stock worth $2,267,000 after buying an additional 85 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Quaker Chemical by 1.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 9,013 shares of the specialty chemicals company’s stock worth $1,269,000 after acquiring an additional 110 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Quaker Chemical by 9.2% during the 4th quarter. Park Avenue Securities LLC now owns 1,729 shares of the specialty chemicals company’s stock worth $243,000 after acquiring an additional 146 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Quaker Chemical by 5.1% in the fourth quarter. Corient Private Wealth LLC now owns 3,095 shares of the specialty chemicals company’s stock valued at $436,000 after purchasing an additional 149 shares during the period. Finally, KBC Group NV increased its position in Quaker Chemical by 32.8% during the fourth quarter. KBC Group NV now owns 697 shares of the specialty chemicals company’s stock worth $98,000 after purchasing an additional 172 shares during the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Piper Sandler decreased their target price on shares of Quaker Chemical from $170.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday. Royal Bank of Canada decreased their price objective on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Finally, StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th.

Quaker Chemical Price Performance

Shares of KWR opened at $106.09 on Friday. The firm has a 50-day simple moving average of $134.67 and a two-hundred day simple moving average of $147.47. The stock has a market cap of $1.87 billion, a PE ratio of 15.56, a P/E/G ratio of 1.62 and a beta of 1.44. Quaker Chemical Co. has a 1-year low of $104.25 and a 1-year high of $201.18. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88.

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

Quaker Chemical Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.485 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.94 annualized dividend and a dividend yield of 1.83%. Quaker Chemical’s dividend payout ratio is presently 29.80%.

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.