Davis R M Inc. Sells 4,626 Shares of Quaker Chemical Co. (NYSE:KWR)

Davis R M Inc. lowered its stake in Quaker Chemical Co. (NYSE:KWR) by 73.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,708 shares of the specialty chemicals company’s stock after selling 4,626 shares during the quarter. Davis R M Inc.’s holdings in Quaker Chemical were worth $288,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of KWR. First Pacific Financial acquired a new stake in shares of Quaker Chemical during the second quarter worth $25,000. GAMMA Investing LLC raised its stake in shares of Quaker Chemical by 105.3% in the 3rd quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 80 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Quaker Chemical by 36.8% in the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock valued at $49,000 after purchasing an additional 77 shares in the last quarter. KBC Group NV boosted its position 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 during the period. Finally, nVerses Capital LLC bought a new position in shares of Quaker Chemical during the second quarter worth about $136,000. Institutional investors own 77.46% of the company’s stock.

Analyst Ratings Changes

KWR has been the topic of several research reports. Royal Bank of Canada cut their target price on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. StockNews.com lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Piper Sandler increased their target price on shares of Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Monday, November 4th.

Quaker Chemical Stock Down 1.6 %

KWR stock opened at $162.48 on Tuesday. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 1.99 and a beta of 1.38. Quaker Chemical Co. has a twelve month low of $151.31 and a twelve month high of $221.94. The business has a 50 day moving average price of $163.90 and a two-hundred day moving average price of $169.85. 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.19). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm had revenue of $462.27 million for the quarter, compared to the consensus estimate of $469.17 million. During the same period last year, the company posted $2.05 earnings per share. The business’s revenue was down 5.8% compared to the same quarter last year. Analysts anticipate that Quaker Chemical Co. will post 7.78 EPS for the current fiscal year.

Quaker Chemical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.485 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.94 annualized dividend and a yield of 1.19%. Quaker Chemical’s dividend payout ratio (DPR) is currently 28.45%.

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.