Public Employees Retirement Association of Colorado Reduces Stock Holdings in Quaker Chemical Co. (NYSE:KWR)

Public Employees Retirement Association of Colorado trimmed its position in Quaker Chemical Co. (NYSE:KWR) by 0.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 122,333 shares of the specialty chemicals company’s stock after selling 889 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Quaker Chemical were worth $25,109,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fidelis Capital Partners LLC purchased a new position in shares of Quaker Chemical during the 1st quarter valued at about $25,000. SRS Capital Advisors Inc. increased its position in shares of Quaker Chemical by 345.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 165 shares of the specialty chemicals company’s stock valued at $35,000 after purchasing an additional 128 shares during the last quarter. Mather Group LLC. purchased a new position in Quaker Chemical during the 1st quarter valued at $41,000. McGlone Suttner Wealth Management Inc. purchased a new position in Quaker Chemical during the 4th quarter valued at $50,000. Finally, Strs Ohio boosted its holdings in Quaker Chemical by 50.0% during the 4th quarter. Strs Ohio now owns 300 shares of the specialty chemicals company’s stock valued at $64,000 after acquiring an additional 100 shares during the period. 77.46% of the stock is owned by hedge funds and other institutional investors.

Quaker Chemical Trading Down 1.5 %

Shares of KWR stock traded down $2.77 during mid-day trading on Monday, hitting $179.60. 14,477 shares of the company’s stock were exchanged, compared to its average volume of 92,530. Quaker Chemical Co. has a fifty-two week low of $138.67 and a fifty-two week high of $221.94. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.45 and a beta of 1.40. The company has a quick ratio of 1.98, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a 50-day simple moving average of $176.56 and a two-hundred day simple moving average of $188.87.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings results on Thursday, May 2nd. The specialty chemicals company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.12. The business had revenue of $469.76 million during the quarter, compared to the consensus estimate of $494.53 million. Quaker Chemical had a return on equity of 10.35% and a net margin of 6.16%. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period last year, the firm earned $1.89 earnings per share. Equities analysts expect that Quaker Chemical Co. will post 8.68 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a dividend of $0.455 per share. The ex-dividend date is Wednesday, July 17th. This represents a $1.82 annualized dividend and a yield of 1.01%. Quaker Chemical’s dividend payout ratio (DPR) is presently 27.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on KWR shares. Piper Sandler began coverage on Quaker Chemical in a report on Thursday, May 16th. They issued an “overweight” rating and a $220.00 target price for the company. StockNews.com upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday.

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.