ProShare Advisors LLC Sells 3,190 Shares of Quaker Chemical Co. (NYSE:KWR)

ProShare Advisors LLC lessened its position in Quaker Chemical Co. (NYSE:KWR) by 7.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,298 shares of the specialty chemicals company’s stock after selling 3,190 shares during the period. ProShare Advisors LLC’s holdings in Quaker Chemical were worth $8,271,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in Quaker Chemical by 5.4% during the 3rd quarter. Wellington Management Group LLP now owns 87,026 shares of the specialty chemicals company’s stock worth $13,924,000 after buying an additional 4,443 shares during the period. Ziegler Capital Management LLC bought a new stake in shares of Quaker Chemical during the fourth quarter worth $2,370,000. SG Americas Securities LLC raised its holdings in shares of Quaker Chemical by 8.6% during the fourth quarter. SG Americas Securities LLC now owns 856 shares of the specialty chemicals company’s stock worth $183,000 after acquiring an additional 68 shares during the period. Raymond James & Associates lifted its position in Quaker Chemical by 8.1% in the 4th quarter. Raymond James & Associates now owns 31,540 shares of the specialty chemicals company’s stock valued at $6,731,000 after acquiring an additional 2,364 shares in the last quarter. Finally, Rockwood Wealth Management LLC acquired a new position in Quaker Chemical in the 4th quarter worth $957,000. Institutional investors own 77.46% of the company’s stock.

Quaker Chemical Stock Up 1.7 %

Shares of Quaker Chemical stock traded up $3.25 during trading hours on Wednesday, reaching $192.14. 133,786 shares of the company’s stock were exchanged, compared to its average volume of 90,798. The company has a current ratio of 2.66, a quick ratio of 1.98 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average of $177.34 and a two-hundred day moving average of $189.96. The stock has a market cap of $3.46 billion, a P/E ratio of 28.75, a P/E/G ratio of 1.42 and a beta of 1.40. Quaker Chemical Co. has a fifty-two week low of $138.67 and a fifty-two week high of $221.94.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Thursday, May 2nd. The specialty chemicals company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.97 by $0.12. Quaker Chemical had a return on equity of 10.35% and a net margin of 6.16%. The firm had revenue of $469.76 million during the quarter, compared to analysts’ expectations of $494.53 million. During the same period in the prior year, the firm posted $1.89 earnings per share. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, sell-side analysts forecast that Quaker Chemical Co. will post 8.68 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Wednesday, July 17th. Quaker Chemical’s dividend payout ratio is currently 27.70%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Piper Sandler assumed coverage on Quaker Chemical in a report on Thursday, May 16th. They issued an “overweight” rating and a $220.00 price target on the stock. StockNews.com downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Monday.

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.