Principal Financial Group Inc. raised its stake in shares of Quaker Chemical Corp (NYSE:KWR) by 0.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 110,100 shares of the specialty chemicals company’s stock after buying an additional 611 shares during the period. Principal Financial Group Inc. owned about 0.83% of Quaker Chemical worth $19,566,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bessemer Group Inc. lifted its holdings in Quaker Chemical by 44.6% in the fourth quarter. Bessemer Group Inc. now owns 227 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 70 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in Quaker Chemical during the third quarter worth $101,000. Hanseatic Management Services Inc. acquired a new position in Quaker Chemical during the fourth quarter worth $107,000. LS Investment Advisors LLC lifted its stake in Quaker Chemical by 55.8% during the fourth quarter. LS Investment Advisors LLC now owns 609 shares of the specialty chemicals company’s stock worth $108,000 after purchasing an additional 218 shares in the last quarter. Finally, Ibex Investors LLC acquired a new position in Quaker Chemical during the third quarter worth $208,000. Institutional investors and hedge funds own 97.91% of the company’s stock.
In other Quaker Chemical news, insider Shane Hostetter sold 1,892 shares of the company’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $207.51, for a total value of $392,608.92. Following the completion of the transaction, the insider now owns 1,303 shares in the company, valued at $270,385.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.
NYSE:KWR traded up $2.96 during trading hours on Friday, hitting $217.74. The company’s stock had a trading volume of 58,905 shares, compared to its average volume of 62,405. The firm has a market capitalization of $2.90 billion, a PE ratio of 36.05, a price-to-earnings-growth ratio of 2.82 and a beta of 1.39. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.76 and a quick ratio of 2.14. Quaker Chemical Corp has a 52-week low of $137.95 and a 52-week high of $218.71.
Quaker Chemical (NYSE:KWR) last posted its earnings results on Thursday, February 28th. The specialty chemicals company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.40 by $0.11. Quaker Chemical had a return on equity of 18.88% and a net margin of 6.86%. The firm had revenue of $211.48 million for the quarter, compared to analyst estimates of $215.90 million. As a group, equities analysts anticipate that Quaker Chemical Corp will post 7.01 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $1.48 annualized dividend and a yield of 0.68%. Quaker Chemical’s dividend payout ratio is presently 24.50%.
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Quaker Chemical Profile
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. The company's products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.
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