Mutual of America Capital Management LLC Grows Stock Holdings in Quaker Chemical Co. (NYSE:KWR)

Mutual of America Capital Management LLC boosted its holdings in Quaker Chemical Co. (NYSE:KWR) by 108.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,906 shares of the specialty chemicals company’s stock after buying an additional 29,584 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.32% of Quaker Chemical worth $9,588,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Harbor Capital Advisors Inc. increased its holdings in shares of Quaker Chemical by 112.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,903 shares of the specialty chemicals company’s stock valued at $1,500,000 after acquiring an additional 4,720 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in Quaker Chemical by 46.3% during the first quarter. 1832 Asset Management L.P. now owns 32,570 shares of the specialty chemicals company’s stock worth $6,685,000 after purchasing an additional 10,310 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Quaker Chemical by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company’s stock worth $22,193,000 after buying an additional 3,441 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Quaker Chemical by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company’s stock valued at $329,942,000 after buying an additional 8,484 shares in the last quarter. Finally, ProShare Advisors LLC grew its position in shares of Quaker Chemical by 68.3% in the 2nd quarter. ProShare Advisors LLC now owns 67,812 shares of the specialty chemicals company’s stock valued at $11,508,000 after buying an additional 27,514 shares during the last quarter. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Quaker Chemical Stock Down 0.5 %

Quaker Chemical stock opened at $167.71 on Monday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 2.02 and a beta of 1.38. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average of $163.45 and a two-hundred day moving average of $170.65. Quaker Chemical Co. has a twelve month low of $151.31 and a twelve month high of $221.94.

Quaker Chemical (NYSE:KWR) last issued 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%. Quaker Chemical’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.05 earnings per share. As a group, research analysts expect that Quaker Chemical Co. will post 7.78 earnings per share for the current year.

Analysts Set New Price Targets

KWR has been the topic of a number of research analyst reports. Piper Sandler lifted their target price on Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft decreased 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. StockNews.com cut shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada decreased their price target 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.

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.