Quaker Chemical Co. (NYSE:KWR) Shares Purchased by Quest Partners LLC

Quest Partners LLC increased its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 29.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,203 shares of the specialty chemicals company’s stock after buying an additional 3,683 shares during the quarter. Quest Partners LLC owned 0.09% of Quaker Chemical worth $2,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC boosted its holdings in Quaker Chemical by 108.3% in the third quarter. Mutual of America Capital Management LLC now owns 56,906 shares of the specialty chemicals company’s stock worth $9,588,000 after acquiring an additional 29,584 shares in the last quarter. Seizert Capital Partners LLC raised its position in shares of Quaker Chemical by 122.7% in the 3rd quarter. Seizert Capital Partners LLC now owns 20,067 shares of the specialty chemicals company’s stock valued at $3,381,000 after purchasing an additional 11,058 shares during the last quarter. Natixis Advisors LLC acquired a new stake in Quaker Chemical in the 3rd quarter worth approximately $2,488,000. Royce & Associates LP grew its position in Quaker Chemical by 5.3% during the 3rd quarter. Royce & Associates LP now owns 434,303 shares of the specialty chemicals company’s stock worth $73,176,000 after purchasing an additional 21,986 shares during the last quarter. Finally, KBC Group NV increased its stake in Quaker Chemical by 50.9% during the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock valued at $88,000 after purchasing an additional 177 shares in the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KWR. Royal Bank of Canada dropped their price objective on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. StockNews.com lowered Quaker Chemical from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft dropped their target price 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. Finally, Piper Sandler upped their price objective on shares of Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 8th.

Quaker Chemical Stock Down 0.5 %

Shares of KWR opened at $167.71 on Monday. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 2.02 and a beta of 1.38. Quaker Chemical Co. has a 52 week low of $151.31 and a 52 week high of $221.94. The stock’s 50-day moving average price is $163.45 and its 200-day moving average price is $170.65. 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 (NYSE:KWR) last released its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.19). The company had revenue of $462.27 million during the quarter, compared to analysts’ expectations of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.05 EPS. On average, sell-side analysts predict that Quaker Chemical Co. will post 7.78 EPS for the current year.

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.