Quaker Chemical Co. (NYSE:KWR) Stock Position Raised by WCM Investment Management LLC

WCM Investment Management LLC lifted its position in Quaker Chemical Co. (NYSE:KWR) by 116.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 117,229 shares of the specialty chemicals company’s stock after buying an additional 63,080 shares during the quarter. WCM Investment Management LLC owned about 0.66% of Quaker Chemical worth $16,424,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in KWR. 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 purchasing an additional 80 shares in the last quarter. KBC Group NV increased 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 buying an additional 177 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in Quaker Chemical by 100.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company’s stock valued at $153,000 after buying an additional 453 shares in the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Quaker Chemical in the third quarter worth about $208,000. Finally, Edgestream Partners L.P. bought a new stake in shares of Quaker Chemical during the 3rd quarter worth about $215,000. Institutional investors and hedge funds own 77.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Piper Sandler reissued a “neutral” rating and issued a $170.00 price target (down previously from $200.00) on shares of Quaker Chemical in a research report on Tuesday, January 7th. Royal Bank of Canada decreased their price objective 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. Finally, Deutsche Bank Aktiengesellschaft dropped 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.

Insider Transactions at Quaker Chemical

In other Quaker Chemical news, SVP David Slinkman sold 1,700 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $167.80, for a total transaction of $285,260.00. Following the completion of the transaction, the senior vice president now owns 2,825 shares in the company, valued at $474,035. This trade 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 this link. Also, EVP Jeewat Bijlani sold 645 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $165.98, for a total value of $107,057.10. Following the transaction, the executive vice president now owns 4,747 shares of the company’s stock, valued at $787,907.06. This trade represents a 11.96 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Quaker Chemical Stock Performance

NYSE:KWR opened at $135.53 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The firm’s 50-day moving average is $141.53 and its 200-day moving average is $156.39. Quaker Chemical Co. has a 52-week low of $124.66 and a 52-week high of $207.83. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 1.54 and a beta of 1.39.

Quaker Chemical Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were given a $0.485 dividend. The ex-dividend date was Friday, January 17th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.43%. Quaker Chemical’s dividend payout ratio is currently 28.45%.

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.