Healthcare of Ontario Pension Plan Trust Fund Grows Stock Position in Quaker Chemical Co. (NYSE:KWR)

Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Quaker Chemical Co. (NYSE:KWR) by 9.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 80,400 shares of the specialty chemicals company’s stock after buying an additional 6,900 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.45% of Quaker Chemical worth $13,547,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KWR. First Pacific Financial purchased a new stake in Quaker Chemical in the second quarter valued at about $25,000. GAMMA Investing LLC increased its holdings in shares of Quaker Chemical by 105.3% in the third 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 during the period. Fifth Third Bancorp increased its holdings in shares of Quaker Chemical by 36.8% in the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock valued at $49,000 after purchasing an additional 77 shares during the period. KBC Group NV increased its holdings in shares of Quaker Chemical by 50.9% in the third quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock valued at $88,000 after purchasing an additional 177 shares during the period. Finally, nVerses Capital LLC acquired a new position in shares of Quaker Chemical in the second quarter valued at about $136,000. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Quaker Chemical Stock Down 1.2 %

Quaker Chemical stock opened at $155.86 on Friday. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.88 and a beta of 1.38. Quaker Chemical Co. has a 52 week low of $151.31 and a 52 week high of $221.94. The business’s 50-day moving average price is $163.34 and its 200 day moving average price is $169.37. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR) last posted its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.19). The company had revenue of $462.27 million for the quarter, compared to analyst estimates of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm’s revenue was down 5.8% on a year-over-year basis. During the same period last year, the business earned $2.05 earnings per share. As a group, sell-side analysts anticipate that Quaker Chemical Co. will post 7.78 earnings per share for the current year.

Quaker Chemical Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.485 per share. The ex-dividend date is Friday, January 17th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.24%. Quaker Chemical’s dividend payout ratio (DPR) is 28.45%.

Insider Activity at Quaker Chemical

In other news, EVP Jeewat Bijlani sold 645 shares of Quaker Chemical stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $165.98, for a total value of $107,057.10. Following the sale, the executive vice president now owns 4,747 shares in the company, valued at $787,907.06. This trade represents a 11.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David Slinkman sold 1,700 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $167.80, for a total transaction of $285,260.00. Following the transaction, the senior vice president now owns 2,825 shares of the company’s stock, valued at approximately $474,035. This trade represents a 37.57 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

KWR has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft cut their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Royal Bank of Canada cut their price objective on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Piper Sandler increased their price objective on Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday.

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.