Point72 Asia Singapore Pte. Ltd. Buys 453 Shares of Quaker Chemical Co. (NYSE:KWR)

Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Quaker Chemical Co. (NYSE:KWR) by 100.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 906 shares of the specialty chemicals company’s stock after purchasing an additional 453 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Quaker Chemical were worth $153,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Pacific Financial acquired a new stake in shares of Quaker Chemical during the second quarter worth $25,000. GAMMA Investing LLC lifted its holdings in shares of Quaker Chemical by 105.3% during the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 80 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Quaker Chemical by 36.8% during the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 77 shares in the last quarter. KBC Group NV lifted its holdings in shares of Quaker Chemical by 50.9% during the third quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock worth $88,000 after buying an additional 177 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Quaker Chemical during the second quarter worth $136,000. 77.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on KWR shares. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Royal Bank of Canada dropped their target price on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their price target on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, Piper Sandler boosted their price target on Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 8th.

Quaker Chemical Stock Up 0.7 %

KWR stock opened at $157.70 on Thursday. The company has a market cap of $2.81 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 1.93 and a beta of 1.38. The business has a 50-day simple moving average of $162.42 and a 200 day simple moving average of $168.33. Quaker Chemical Co. has a 52 week low of $151.31 and a 52 week high of $221.94. 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 posted its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The company had revenue of $462.27 million during the quarter, compared to analyst estimates of $469.17 million. During the same period last year, the firm earned $2.05 EPS. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. Sell-side analysts anticipate that Quaker Chemical Co. will post 7.78 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Friday, January 17th. Quaker Chemical’s dividend payout ratio is presently 28.45%.

Insider Buying and Selling at Quaker Chemical

In other Quaker Chemical news, EVP Jeewat Bijlani sold 645 shares of Quaker Chemical stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $165.98, for a total value of $107,057.10. Following the transaction, the executive vice president now owns 4,747 shares in the company, valued at $787,907.06. The trade was a 11.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David Slinkman sold 1,700 shares of Quaker Chemical stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $167.80, for a total value of $285,260.00. Following the completion of the transaction, the senior vice president now owns 2,825 shares in the company, valued at approximately $474,035. This represents a 37.57 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

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.