Rockwood Wealth Management LLC Sells 388 Shares of Quaker Chemical Co. (NYSE:KWR)

Rockwood Wealth Management LLC decreased its position in shares of Quaker Chemical Co. (NYSE:KWR) by 17.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,894 shares of the specialty chemicals company’s stock after selling 388 shares during the period. Rockwood Wealth Management LLC’s holdings in Quaker Chemical were worth $265,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its position in Quaker Chemical by 105.3% during the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 80 shares in the last quarter. KBC Group NV lifted its position in shares of Quaker Chemical by 50.9% during the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock valued at $88,000 after acquiring an additional 177 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Quaker Chemical by 100.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company’s stock worth $153,000 after purchasing an additional 453 shares in the last quarter. iSAM Funds UK Ltd bought a new position in shares of Quaker Chemical in the third quarter worth $208,000. Finally, Edgestream Partners L.P. acquired a new position in Quaker Chemical in the third quarter valued at about $215,000. Institutional investors and hedge funds own 77.46% of the company’s stock.

Insider Transactions at Quaker Chemical

In other Quaker Chemical news, SVP David Slinkman sold 1,700 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $167.80, for a total value of $285,260.00. Following the transaction, the senior vice president now owns 2,825 shares in the company, valued at approximately $474,035. This represents a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeewat Bijlani sold 645 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $787,907.06. This represents a 11.96 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Quaker Chemical Price Performance

Shares of NYSE:KWR opened at $138.44 on Friday. The firm has a 50 day simple moving average of $146.01 and a 200 day simple moving average of $159.42. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.53 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. Quaker Chemical Co. has a one year low of $124.66 and a one year high of $207.83.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.19). The firm had revenue of $462.27 million during the quarter, compared to analyst estimates of $469.17 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.05 EPS. Research analysts predict that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, January 17th. Quaker Chemical’s dividend payout ratio is currently 28.45%.

Wall Street Analysts Forecast Growth

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

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.