Mutual of America Capital Management LLC Boosts Stake in Quaker Chemical Co. (NYSE:KWR)

Mutual of America Capital Management LLC grew its holdings in Quaker Chemical Co. (NYSE:KWR) by 52.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,692 shares of the specialty chemicals company’s stock after purchasing an additional 29,786 shares during the period. Mutual of America Capital Management LLC owned approximately 0.49% of Quaker Chemical worth $12,203,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of KWR. Harbor Capital Advisors Inc. grew its stake in Quaker Chemical by 1.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,013 shares of the specialty chemicals company’s stock worth $1,269,000 after purchasing an additional 110 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Quaker Chemical by 1.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 13,001 shares of the specialty chemicals company’s stock worth $2,191,000 after purchasing an additional 123 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Quaker Chemical by 9.2% during the fourth quarter. Park Avenue Securities LLC now owns 1,729 shares of the specialty chemicals company’s stock worth $243,000 after purchasing an additional 146 shares in the last quarter. KBC Group NV raised its stake in Quaker Chemical by 32.8% in the fourth quarter. KBC Group NV now owns 697 shares of the specialty chemicals company’s stock valued at $98,000 after buying an additional 172 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Quaker Chemical by 5.1% during the 3rd quarter. Victory Capital Management Inc. now owns 5,332 shares of the specialty chemicals company’s stock worth $898,000 after buying an additional 259 shares during the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Piper Sandler restated a “neutral” rating and set a $170.00 target price (down previously from $200.00) on shares of Quaker Chemical in a research note on Tuesday, January 7th. StockNews.com cut shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Royal Bank of Canada decreased 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 note on Wednesday.

Quaker Chemical Stock Performance

Shares of KWR opened at $139.01 on Friday. The company’s 50 day simple moving average is $138.20 and its 200-day simple moving average is $153.45. The firm has a market cap of $2.46 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39. Quaker Chemical Co. has a 12-month low of $124.66 and a 12-month high of $207.83. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings data on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.29). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The business had revenue of $444.09 million for the quarter, compared to analysts’ expectations of $430.47 million. During the same period in the previous year, the business posted $1.78 earnings per share. As a group, equities analysts predict that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical’s dividend payout ratio is presently 29.80%.

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.