1 day Ago By ABMN Staff
Geode Capital Management LLC trimmed its holdings in Quaker Chemical Co. ( NYSE:KWR – Free Report ) by 1.0% in the fourth quarter, according to its most recent disclosure with the SEC.
The fund owned 309,566 shares of the specialty chemicals company’s stock after selling 3,218 shares during the period. Geode Capital Management LLC owned 1.74% of Quaker Chemical worth $43,584,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. increased its position in Quaker Chemical by 11.
1% in the 4th quarter. Franklin Resources Inc. now owns 14,982 shares of the specialty chemicals company’s stock valued at $2,109,000 after acquiring an additional 1,499 shares during the period.
Alliancebernstein L.P. increased its holdings in shares of Quaker Chemical by 6.
9% in the fourth quarter. Alliancebernstein L.P.
now owns 15,737 shares of the specialty chemicals company’s stock valued at $2,215,000 after purchasing an additional 1,010 shares during the period. Heartland Advisors Inc. purchased a new stake in shares of Quaker Chemical during the fourth quarter worth approximately $6,814,000.
Norges Bank acquired a new stake in shares of Quaker Chemical during the fourth quarter worth $13,399,000. Finally, JPMorgan Chase & Co. grew its position in Quaker Chemical by 19.
2% in the 4th quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company’s stock valued at $106,870,000 after buying an additional 122,494 shares during the last quarter.
Institutional investors and hedge funds own 77.46% of the company’s stock. Wall Street Analysts Forecast Growth KWR has been the subject of a number of analyst reports.
Royal Bank of Canada cut their price objective on shares of Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th.
Piper Sandler cut their price target on shares of Quaker Chemical from $170.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd.
Finally, StockNews.com downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Quaker Chemical Price Performance Quaker Chemical stock opened at $103.
75 on Tuesday. The company has a market cap of $1.83 billion, a P/E ratio of 15.
21, a price-to-earnings-growth ratio of 1.62 and a beta of 1.44.
Quaker Chemical Co. has a one year low of $95.91 and a one year high of $197.
03. The business has a fifty day moving average of $128.92 and a two-hundred day moving average of $143.
73. 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 – Get Free Report ) last announced its quarterly earnings data on Monday, February 24th.
The specialty chemicals company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.
29). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.
10%. The company had revenue of $444.09 million during the quarter, compared to analyst estimates of $430.
47 million. During the same quarter last year, the business earned $1.78 EPS.
As a group, analysts predict that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.
Quaker Chemical Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.485 dividend.
This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.87%.
The ex-dividend date is Wednesday, April 16th. Quaker Chemical’s dividend payout ratio is currently 29.80%.
About Quaker Chemical ( Free Report ) 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. Featured Articles Receive News & Ratings for Quaker Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quaker Chemical and related companies with MarketBeat.
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