Public Sector Pension Investment Board Sells 1,200 Shares of Quaker Chemical Co. (NYSE:KWR)

Public Sector Pension Investment Board lessened its holdings in Quaker Chemical Co. (NYSE:KWR) by 3.9% during the 3rd quarter, Holdings Channel reports. The firm owned 29,246 shares of the specialty chemicals company’s stock after selling 1,200 shares during the period. Public Sector Pension Investment Board’s holdings in Quaker Chemical were worth $4,928,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Quaker Chemical by 27.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,452 shares of the specialty chemicals company’s stock valued at $582,000 after acquiring an additional 754 shares during the last quarter. FORA Capital LLC bought a new position in shares of Quaker Chemical in the 3rd quarter worth $332,000. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Quaker Chemical by 9.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 80,400 shares of the specialty chemicals company’s stock worth $13,547,000 after purchasing an additional 6,900 shares during the period. Glenmede Trust Co. NA increased its holdings in Quaker Chemical by 38.2% in the third quarter. Glenmede Trust Co. NA now owns 16,108 shares of the specialty chemicals company’s stock valued at $2,714,000 after purchasing an additional 4,454 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Quaker Chemical by 4.9% in the third quarter. BNP Paribas Financial Markets now owns 22,544 shares of the specialty chemicals company’s stock valued at $3,798,000 after buying an additional 1,046 shares during the period. 77.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KWR has been the topic of several recent analyst reports. Royal Bank of Canada reduced their target price on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. 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. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Piper Sandler lifted their price target on shares of Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 8th.

Insider Activity

In related news, EVP Jeewat Bijlani sold 645 shares of Quaker Chemical stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $165.98, for a total transaction of $107,057.10. Following the completion of the transaction, the executive vice president now owns 4,747 shares in the company, valued at approximately $787,907.06. This trade represents a 11.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Slinkman sold 1,700 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $167.80, for a total value of $285,260.00. Following the completion of the sale, the senior vice president now directly owns 2,825 shares of the company’s stock, valued at approximately $474,035. The trade was a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Quaker Chemical Price Performance

NYSE:KWR opened at $157.70 on Monday. Quaker Chemical Co. has a 52-week low of $151.31 and a 52-week high of $221.94. The company has a market cap of $2.81 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.90 and a beta of 1.38. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The stock’s 50-day simple moving average is $162.85 and its 200 day simple moving average is $168.99.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share 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 for the quarter was down 5.8% compared to the same quarter last year. During the same period last year, the firm earned $2.05 EPS. As a group, sell-side analysts forecast that Quaker Chemical Co. will post 7.78 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Friday, January 17th. Quaker Chemical’s dividend payout ratio is currently 28.45%.

Quaker Chemical Company 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.