Wilmington Savings Fund Society FSB Lowers Stock Position in Quaker Chemical Co. (NYSE:KWR)

Wilmington Savings Fund Society FSB decreased its stake in Quaker Chemical Co. (NYSE:KWR) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,848 shares of the specialty chemicals company’s stock after selling 720 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Quaker Chemical were worth $3,638,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Quaker Chemical by 105.3% during the 3rd quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 80 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Quaker Chemical by 1.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,013 shares of the specialty chemicals company’s stock worth $1,269,000 after acquiring an additional 110 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Quaker Chemical by 1.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 13,001 shares of the specialty chemicals company’s stock worth $2,191,000 after acquiring an additional 123 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Quaker Chemical by 9.2% in the 4th quarter. Park Avenue Securities LLC now owns 1,729 shares of the specialty chemicals company’s stock valued at $243,000 after purchasing an additional 146 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Quaker Chemical by 32.8% during the 4th quarter. KBC Group NV now owns 697 shares of the specialty chemicals company’s stock valued at $98,000 after purchasing an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Insider Transactions at Quaker Chemical

In related news, SVP David Slinkman sold 1,700 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $167.80, for a total transaction of $285,260.00. Following the transaction, the senior vice president now owns 2,825 shares in the company, valued at $474,035. This represents a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeewat Bijlani sold 645 shares of the business’s stock in a transaction 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 owns 4,747 shares of the company’s stock, valued at approximately $787,907.06. This represents a 11.96 % 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.

Wall Street Analyst Weigh In

KWR has been the subject of a number of recent research reports. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Piper Sandler reiterated a “neutral” rating and set a $170.00 target price (down from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reduced their price target on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, Royal Bank of Canada reduced 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.

Quaker Chemical Price Performance

Shares of KWR opened at $135.53 on Friday. The firm’s 50-day simple moving average is $141.53 and its two-hundred day simple moving average is $156.54. Quaker Chemical Co. has a fifty-two week low of $124.66 and a fifty-two week high of $207.83. The stock has a market cap of $2.41 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 1.54 and a beta of 1.39. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a $0.485 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $1.94 annualized dividend and a yield of 1.43%. Quaker Chemical’s dividend payout ratio (DPR) is presently 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.