AXQ Capital LP Invests $263,000 in Quaker Chemical Co. (NYSE:KWR)

AXQ Capital LP purchased a new position in shares of Quaker Chemical Co. (NYSE:KWR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,866 shares of the specialty chemicals company’s stock, valued at approximately $263,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Quaker Chemical during the fourth quarter worth about $58,000. KBC Group NV grew its holdings 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 worth $98,000 after buying an additional 172 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Quaker Chemical by 100.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company’s stock worth $153,000 after buying an additional 453 shares in the last quarter. iSAM Funds UK Ltd purchased a new stake in shares of Quaker Chemical during the third quarter worth about $208,000. Finally, Edgestream Partners L.P. purchased a new stake in Quaker Chemical in the third quarter valued at approximately $215,000. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Quaker Chemical Trading Down 0.2 %

Shares of KWR stock opened at $129.15 on Monday. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. 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 fifty-two week low of $124.66 and a fifty-two week high of $207.83. The firm’s 50 day moving average price is $136.96 and its two-hundred day moving average price is $149.95.

Quaker Chemical (NYSE:KWR) last announced its quarterly earnings results 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 business had revenue of $444.09 million for 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 last year, the firm earned $1.78 earnings per share. On average, analysts anticipate that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Dividend Announcement

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 dividend of $0.485 per share. The ex-dividend date is Wednesday, April 16th. This represents a $1.94 dividend on an annualized basis and a yield of 1.50%. Quaker Chemical’s dividend payout ratio (DPR) is 29.80%.

Analysts Set New Price Targets

KWR has been the subject of a number of recent analyst reports. Royal Bank of Canada lowered their target price on shares of Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Piper Sandler restated a “neutral” rating and issued a $170.00 target price (down from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th. Finally, StockNews.com downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report 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.