Wilmington Savings Fund Society FSB Sells 720 Shares of Quaker Chemical Co. (NYSE:KWR)

Wilmington Savings Fund Society FSB trimmed its position in shares of Quaker Chemical Co. (NYSE:KWR) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,848 shares of the specialty chemicals company’s stock after selling 720 shares during the period. Wilmington Savings Fund Society FSB owned 0.15% of Quaker Chemical worth $3,638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KWR. GAMMA Investing LLC boosted its stake in shares of Quaker Chemical by 105.3% during the 3rd quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 80 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 last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Quaker Chemical by 100.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company’s stock valued at $153,000 after purchasing an additional 453 shares during the period. iSAM Funds UK Ltd bought a new stake in shares of Quaker Chemical during the 3rd quarter worth about $208,000. Finally, Edgestream Partners L.P. acquired a new position in Quaker Chemical in the 3rd quarter valued at about $215,000. 77.46% of the stock is owned by institutional investors.

Quaker Chemical Price Performance

KWR stock opened at $135.53 on Friday. Quaker Chemical Co. has a 1 year low of $124.66 and a 1 year high of $207.83. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 19.87, a P/E/G ratio of 1.54 and a beta of 1.39. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The company has a 50 day simple moving average of $141.53 and a 200 day simple moving average of $156.54.

Quaker Chemical Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were given a $0.485 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.43%. Quaker Chemical’s dividend payout ratio (DPR) is currently 28.45%.

Insider Activity

In related news, EVP Jeewat Bijlani sold 645 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $165.98, for a total transaction of $107,057.10. Following the transaction, the executive vice president now owns 4,747 shares in the company, valued at $787,907.06. The trade was a 11.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Slinkman sold 1,700 shares of Quaker Chemical stock in a transaction on Monday, November 25th. The shares were sold at an average price of $167.80, for a total transaction 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. This trade represents 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.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a report on Monday, November 4th. Piper Sandler reissued a “neutral” rating and issued a $170.00 target price (down previously from $200.00) on shares of Quaker Chemical in a research report on Tuesday, January 7th. Royal Bank of Canada dropped their price objective on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Finally, StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday, November 28th.

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.