SRS Capital Advisors Inc. Has $35,000 Position in Quaker Chemical Co. (NYSE:KWR)

SRS Capital Advisors Inc. lifted its holdings in Quaker Chemical Co. (NYSE:KWR) by 345.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 165 shares of the specialty chemicals company’s stock after purchasing an additional 128 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Quaker Chemical were worth $35,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. AE Wealth Management LLC acquired a new position in shares of Quaker Chemical in the third quarter valued at approximately $204,000. Commonwealth Equity Services LLC boosted its stake in Quaker Chemical by 16.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,696 shares of the specialty chemicals company’s stock worth $591,000 after purchasing an additional 514 shares during the period. Raymond James & Associates increased its holdings in Quaker Chemical by 6.6% during the 3rd quarter. Raymond James & Associates now owns 29,176 shares of the specialty chemicals company’s stock worth $4,668,000 after purchasing an additional 1,794 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Quaker Chemical in the 3rd quarter valued at about $309,000. Finally, Inspire Investing LLC lifted its holdings in shares of Quaker Chemical by 18.8% in the third quarter. Inspire Investing LLC now owns 1,911 shares of the specialty chemicals company’s stock valued at $306,000 after purchasing an additional 303 shares in the last quarter. 77.46% of the stock is owned by institutional investors.

Quaker Chemical Price Performance

Shares of NYSE KWR opened at $185.56 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.52 and a quick ratio of 1.89. The business has a 50-day moving average of $196.72 and a 200-day moving average of $189.85. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 1.43 and a beta of 1.48. Quaker Chemical Co. has a fifty-two week low of $138.67 and a fifty-two week high of $221.94.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings results on Thursday, May 2nd. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.12. Quaker Chemical had a return on equity of 10.42% and a net margin of 6.16%. The firm had revenue of $469.76 million during the quarter, compared to the consensus estimate of $494.53 million. During the same period last year, the company earned $1.89 earnings per share. The business’s revenue was down 6.1% compared to the same quarter last year. As a group, sell-side analysts predict that Quaker Chemical Co. will post 8.69 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Monday, April 15th. Quaker Chemical’s dividend payout ratio (DPR) is currently 27.70%.

Quaker Chemical declared that its board has authorized a stock repurchase program on Wednesday, February 28th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the specialty chemicals company to purchase up to 4.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on KWR shares. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd. Royal Bank of Canada lifted their price objective on shares of Quaker Chemical from $200.00 to $223.00 and gave the company an “outperform” rating in a report on Monday, March 4th.

Quaker Chemical Company 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.