Jackson Creek Investment Advisors LLC Takes $1.17 Million Position in Quaker Chemical Co. (NYSE:KWR)

Jackson Creek Investment Advisors LLC acquired a new stake in Quaker Chemical Co. (NYSE:KWR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,487 shares of the specialty chemicals company’s stock, valued at approximately $1,171,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Quaker Chemical during the 4th quarter worth $50,000. Strs Ohio lifted its holdings in shares of Quaker Chemical by 50.0% in the 4th quarter. Strs Ohio now owns 300 shares of the specialty chemicals company’s stock worth $64,000 after acquiring an additional 100 shares during the last quarter. Buck Wealth Strategies LLC purchased a new position in shares of Quaker Chemical during the 3rd quarter worth approximately $82,000. Allspring Global Investments Holdings LLC increased its holdings in Quaker Chemical by 14.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 754 shares of the specialty chemicals company’s stock valued at $121,000 after purchasing an additional 97 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Quaker Chemical by 8.6% in the fourth quarter. SG Americas Securities LLC now owns 856 shares of the specialty chemicals company’s stock valued at $183,000 after purchasing an additional 68 shares during the period. Institutional investors and hedge funds own 77.46% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on KWR shares. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Royal Bank of Canada boosted their price target on shares of Quaker Chemical from $200.00 to $223.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th.

Quaker Chemical Stock Down 2.0 %

Shares of Quaker Chemical stock traded down $3.88 during trading hours on Tuesday, reaching $186.53. 72,337 shares of the company were exchanged, compared to its average volume of 79,194. The firm has a market cap of $3.36 billion, a PE ratio of 30.42, a PEG ratio of 1.47 and a beta of 1.49. The stock’s fifty day moving average is $197.71 and its 200 day moving average is $188.97. Quaker Chemical Co. has a 1 year low of $138.67 and a 1 year high of $221.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.89 and a current ratio of 2.52.

Quaker Chemical (NYSE:KWR) last released its earnings results on Friday, March 1st. The specialty chemicals company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.11. The firm had revenue of $467.11 million during the quarter, compared to analyst estimates of $470.55 million. Quaker Chemical had a return on equity of 10.22% and a net margin of 5.77%. Quaker Chemical’s revenue was down 3.7% compared to the same quarter last year. During the same period last year, the business posted $1.39 earnings per share. As a group, equities research analysts forecast that Quaker Chemical Co. will post 8.69 earnings per share for the current year.

Quaker Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a $0.455 dividend. The ex-dividend date is Monday, April 15th. This represents a $1.82 dividend on an annualized basis and a yield of 0.98%. Quaker Chemical’s dividend payout ratio (DPR) is presently 29.07%.

Quaker Chemical declared that its board has initiated a share buyback plan on Wednesday, February 28th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the specialty chemicals company to repurchase up to 4.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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.