Illinois Municipal Retirement Fund Sells 75 Shares of Quaker Chemical Co. (NYSE:KWR)

Illinois Municipal Retirement Fund reduced its position in Quaker Chemical Co. (NYSE:KWR) by 1.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,510 shares of the specialty chemicals company’s stock after selling 75 shares during the period. Illinois Municipal Retirement Fund’s holdings in Quaker Chemical were worth $1,057,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Quaker Chemical by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 636,739 shares of the specialty chemicals company’s stock valued at $107,284,000 after acquiring an additional 90,726 shares during the period. State Street Corp grew its holdings in Quaker Chemical by 3.8% during the 3rd quarter. State Street Corp now owns 554,612 shares of the specialty chemicals company’s stock valued at $93,447,000 after buying an additional 20,059 shares in the last quarter. Royce & Associates LP grew its holdings in Quaker Chemical by 5.3% during the 3rd quarter. Royce & Associates LP now owns 434,303 shares of the specialty chemicals company’s stock valued at $73,176,000 after buying an additional 21,986 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Quaker Chemical by 26.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 394,708 shares of the specialty chemicals company’s stock valued at $53,680,000 after buying an additional 82,843 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Quaker Chemical by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 312,784 shares of the specialty chemicals company’s stock valued at $52,713,000 after buying an additional 3,118 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KWR has been the subject of a number of recent analyst reports. StockNews.com lowered Quaker Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Piper Sandler reaffirmed a “neutral” rating and set a $170.00 target price (down previously from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th. Royal Bank of Canada reduced their target price on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a report on Monday, November 4th.

Quaker Chemical Stock Down 0.0 %

Shares of NYSE KWR opened at $139.01 on Monday. 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. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.62 and a beta of 1.39. The business has a 50-day moving average of $138.20 and a 200-day moving average of $153.42.

Quaker Chemical (NYSE:KWR) last issued 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 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 firm posted $1.78 EPS. Sell-side analysts expect that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a $0.485 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 dividend on an annualized basis and a yield of 1.40%. Quaker Chemical’s payout ratio is 29.80%.

About Quaker Chemical

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.