Semanteon Capital Management LP Takes Position in Quaker Chemical Co. (NYSE:KWR)

Semanteon Capital Management LP purchased a new position in shares of Quaker Chemical Co. (NYSE:KWR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,158 shares of the specialty chemicals company’s stock, valued at approximately $304,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KWR. Kohmann Bosshard Financial Services LLC purchased a new stake in Quaker Chemical during the 4th quarter worth $58,000. 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 worth $88,000 after buying an additional 177 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its stake in Quaker Chemical by 100.0% during the 3rd 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 during the period. iSAM Funds UK Ltd purchased a new stake in Quaker Chemical during the 3rd quarter worth $208,000. Finally, CIBC Asset Management Inc purchased a new stake in Quaker Chemical during the 4th quarter worth $211,000. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KWR shares. Royal Bank of Canada dropped their price target on shares of Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. StockNews.com cut shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Piper Sandler reissued a “neutral” rating and issued a $170.00 price objective (down from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th.

Quaker Chemical Price Performance

Shares of NYSE KWR opened at $129.15 on Friday. Quaker Chemical Co. has a twelve month low of $124.66 and a twelve month high of $207.83. 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 company has a market capitalization 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 business has a 50 day simple moving average of $136.96 and a 200-day simple moving average of $150.17.

Quaker Chemical (NYSE:KWR) last issued 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). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm had revenue of $444.09 million during the quarter, compared to the consensus estimate of $430.47 million. During the same quarter last year, the firm posted $1.78 earnings per share. As a group, equities research analysts expect that Quaker Chemical Co. will post 7.75 earnings per share for the current year.

Quaker Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid 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 payout ratio is currently 29.80%.

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.