Royce & Associates LP Increases Position in Quaker Chemical Co. (NYSE:KWR)

Royce & Associates LP lifted its holdings in Quaker Chemical Co. (NYSE:KWR) by 5.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 434,303 shares of the specialty chemicals company’s stock after purchasing an additional 21,986 shares during the period. Quaker Chemical comprises approximately 0.7% of Royce & Associates LP’s portfolio, making the stock its 19th largest holding. Royce & Associates LP’s holdings in Quaker Chemical were worth $73,176,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its stake in Quaker Chemical by 337.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 224,008 shares of the specialty chemicals company’s stock worth $38,014,000 after purchasing an additional 172,750 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Quaker Chemical by 2,077.7% during the second quarter. Marshall Wace LLP now owns 138,239 shares of the specialty chemicals company’s stock valued at $23,459,000 after buying an additional 131,891 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Quaker Chemical by 1,080.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 82,600 shares of the specialty chemicals company’s stock valued at $16,954,000 after acquiring an additional 75,600 shares in the last quarter. WCM Investment Management LLC bought a new stake in shares of Quaker Chemical in the third quarter valued at about $9,288,000. Finally, Dimensional Fund Advisors LP lifted its stake 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 worth $61,027,000 after acquiring an additional 46,240 shares during the period. 77.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on KWR shares. Royal Bank of Canada reduced their price target on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Piper Sandler increased their price target on shares of Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, StockNews.com lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

Quaker Chemical Stock Performance

Shares of Quaker Chemical stock opened at $168.53 on Friday. The firm has a market capitalization of $3.00 billion, a P/E ratio of 24.71, a PEG ratio of 2.07 and a beta of 1.38. Quaker Chemical Co. has a 52 week low of $151.31 and a 52 week high of $221.94. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average price of $163.32 and a 200 day moving average price of $171.03.

Quaker Chemical (NYSE:KWR) last issued its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm had revenue of $462.27 million during the quarter, compared to analysts’ expectations of $469.17 million. During the same quarter in the prior year, the company earned $2.05 EPS. Quaker Chemical’s quarterly revenue was down 5.8% on a year-over-year basis. Sell-side analysts expect that Quaker Chemical Co. will post 7.78 EPS for the current year.

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.