O Brien Greene & Co. Inc Raises Position in Quaker Chemical Co. (NYSE:KWR)

O Brien Greene & Co. Inc lifted its stake in Quaker Chemical Co. (NYSE:KWR) by 12.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,471 shares of the specialty chemicals company’s stock after buying an additional 489 shares during the period. O Brien Greene & Co. Inc’s holdings in Quaker Chemical were worth $759,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Quaker Chemical in the second quarter worth about $294,000. Mutual of America Capital Management LLC boosted its position in shares of Quaker Chemical by 11.9% in the second quarter. Mutual of America Capital Management LLC now owns 27,322 shares of the specialty chemicals company’s stock worth $4,637,000 after buying an additional 2,903 shares during the period. Renaissance Technologies LLC boosted its position in shares of Quaker Chemical by 37.4% in the second quarter. Renaissance Technologies LLC now owns 21,300 shares of the specialty chemicals company’s stock worth $3,615,000 after buying an additional 5,800 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Quaker Chemical by 14.8% in the second quarter. Dimensional Fund Advisors LP now owns 359,617 shares of the specialty chemicals company’s stock valued at $61,027,000 after purchasing an additional 46,240 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Quaker Chemical by 5.3% in the second quarter. Envestnet Asset Management Inc. now owns 84,468 shares of the specialty chemicals company’s stock valued at $14,334,000 after purchasing an additional 4,225 shares during the last quarter. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Quaker Chemical Trading Up 2.2 %

NYSE:KWR opened at $169.31 on Wednesday. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $169.23 and its two-hundred day moving average is $180.93. Quaker Chemical Co. has a 52 week low of $138.67 and a 52 week high of $221.94. The company has a market cap of $3.05 billion, a PE ratio of 25.37, a P/E/G ratio of 1.85 and a beta of 1.37.

Quaker Chemical (NYSE:KWR) last released its earnings results on Monday, August 5th. The specialty chemicals company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.08). Quaker Chemical had a return on equity of 10.49% and a net margin of 6.56%. The firm had revenue of $463.57 million for the quarter, compared to the consensus estimate of $493.68 million. During the same period in the prior year, the business earned $1.93 EPS. The company’s quarterly revenue was down 6.4% on a year-over-year basis. On average, analysts predict that Quaker Chemical Co. will post 8.3 EPS for the current year.

Quaker Chemical Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Thursday, October 17th. This is an increase from Quaker Chemical’s previous quarterly dividend of $0.46. Quaker Chemical’s dividend payout ratio (DPR) is currently 27.70%.

Wall Street Analyst Weigh In

KWR has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price target on Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price target on Quaker Chemical from $225.00 to $190.00 and set a “buy” rating for the company in a report on Monday, August 26th. Finally, StockNews.com downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

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.