Quaker Chemical Co. (NYSE:KWR) Shares Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV increased its position in Quaker Chemical Co. (NYSE:KWR) by 24.9% in the fourth quarter, Holdings Channel reports. The firm owned 2,199 shares of the specialty chemicals company’s stock after purchasing an additional 439 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Quaker Chemical were worth $310,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Schonfeld Strategic Advisors LLC acquired a new position in Quaker Chemical in the fourth quarter worth about $494,000. Northern Trust Corp boosted its stake in Quaker Chemical by 16.3% in the fourth quarter. Northern Trust Corp now owns 208,105 shares of the specialty chemicals company’s stock valued at $29,293,000 after acquiring an additional 29,113 shares during the period. Aquatic Capital Management LLC boosted its stake in Quaker Chemical by 480.7% in the fourth quarter. Aquatic Capital Management LLC now owns 10,452 shares of the specialty chemicals company’s stock valued at $1,471,000 after acquiring an additional 8,652 shares during the period. Two Sigma Securities LLC acquired a new position in Quaker Chemical in the fourth quarter valued at approximately $373,000. Finally, Nebula Research & Development LLC boosted its stake in Quaker Chemical by 5.5% in the fourth quarter. Nebula Research & Development LLC now owns 5,532 shares of the specialty chemicals company’s stock valued at $779,000 after acquiring an additional 288 shares during the period. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Quaker Chemical Stock Performance

Shares of NYSE KWR opened at $106.01 on Friday. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $112.65 and a 200-day simple moving average of $134.98. The company has a market cap of $1.87 billion, a PE ratio of 15.54, a P/E/G ratio of 1.62 and a beta of 1.42. Quaker Chemical Co. has a 12-month low of $95.91 and a 12-month high of $197.03.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings data on Thursday, May 1st. The specialty chemicals company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.06. The business had revenue of $442.91 million during the quarter, compared to the consensus estimate of $455.23 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business’s revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.09 earnings per share. On average, equities research analysts forecast that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $1.94 annualized dividend and a dividend yield of 1.83%. Quaker Chemical’s dividend payout ratio is presently 36.67%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. StockNews.com downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Piper Sandler decreased their target price on Quaker Chemical from $170.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada decreased their target price on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th.

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.