Quaker Chemical Co. (NYSE:KWR) Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Quaker Chemical Co. (NYSE:KWR) by 9.4% during the third quarter, HoldingsChannel.com reports. The fund owned 80,400 shares of the specialty chemicals company’s stock after buying an additional 6,900 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Quaker Chemical were worth $13,547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Pacific Financial acquired a new position in Quaker Chemical during the second quarter worth about $25,000. GAMMA Investing LLC boosted its position in Quaker Chemical by 105.3% during the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 80 shares during the last quarter. Fifth Third Bancorp boosted its position in Quaker Chemical by 36.8% during the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock worth $49,000 after acquiring an additional 77 shares during the last quarter. KBC Group NV boosted its position in 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 acquiring an additional 177 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in Quaker Chemical during the second quarter worth about $136,000. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Jeewat Bijlani sold 645 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $165.98, for a total transaction of $107,057.10. Following the sale, the executive vice president now directly owns 4,747 shares of the company’s stock, valued at $787,907.06. This represents a 11.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Slinkman sold 1,700 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $167.80, for a total transaction of $285,260.00. Following the sale, the senior vice president now directly owns 2,825 shares in the company, valued at approximately $474,035. The trade was a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

Quaker Chemical Price Performance

Quaker Chemical stock opened at $155.86 on Friday. The company’s 50 day simple moving average is $163.34 and its 200-day simple moving average is $169.37. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.88 and a beta of 1.38. Quaker Chemical Co. has a 1 year low of $151.31 and a 1 year high of $221.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54.

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

Quaker Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Friday, January 17th. Quaker Chemical’s dividend payout ratio (DPR) is 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.