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Envestnet Portfolio Solutions Inc. Reduces Stake in Quaker Chemical Co. (NYSE:KWR)

Envestnet Portfolio Solutions Inc. reduced its stake in Quaker Chemical Co. (NYSE:KWR – Free Report) by 5.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,690 shares of the specialty chemicals company after selling 94 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Quaker Chemical were worth $347,000 at the end of the most recent reporting period.

Other hedge funds and institutional investors have also recently modified their holdings of the company. Fidelis Capital Partners LLC purchased a new stake in shares of Quaker Chemical in the first quarter worth $25,000. SRS Capital Advisors Inc. increased its stake in shares of Quaker Chemical by 345.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 165 shares of the specialty chemicals company worth $35,000 after purchasing an additional 128 shares in the last quarter. Mather Group LLC purchased a new stake in shares of Quaker Chemical in the first quarter worth $41,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Quaker Chemical in the fourth quarter worth $50,000. Finally, Strs Ohio increased its stake in shares of Quaker Chemical by 50.0% in the fourth quarter. Strs Ohio now owns 300 shares of the specialty chemicals company’s stock worth $64,000 after buying an additional 100 shares in the last quarter. 77.46% of the shares are currently owned by hedge funds and other institutional investors.

Wall Street analysts weigh in

A number of brokerages have issued reports on KWR. StockNews.com downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Piper Sandler initiated coverage on Quaker Chemical in a research note on Thursday, May 16th. They gave the company an “overweight” rating and a $220.00 price target.

Check out our latest stock report on Quaker Chemical

Quaker Chemical Trading down 3.7%

Shares of KWR opened at $180.11 on Friday. Quaker Chemical Co. has a 52-week low of $138.67 and a 52-week high of $221.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.98 and a current ratio of 2.66. The company has a market cap of $3.24 billion, a PE ratio of 27.41, a PEG ratio of 1.49 and a beta of 1.40. The stock has a fifty-day simple moving average of $177.24 and a two-hundred-day simple moving average of $189.73.

Quaker Chemical (NYSE:KWR – Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The specialty chemicals company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.12. The company had revenue of $469.76 million during the quarter, compared to analyst estimates of $494.53 million. Quaker Chemical had a return on equity of 10.35% and a net margin of 6.16%. The company’s quarterly revenue was down 6.1% compared to the year-ago quarter. During the year-ago quarter, the company posted $1.89 EPS. On average, analysts predict that Quaker Chemical Co. will post 8.68 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will receive a dividend of $0.455. This represents an annualized dividend of $1.82 and a dividend yield of 1.01%. The ex-dividend date is Wednesday, July 17th. Quaker Chemical’s payout ratio is 27.70%.

Quaker Chemical Profile

(Free Report)

Quaker Chemical Corporation, together with its subsidiaries, develops, manufactures and markets a variety of formulated specialty chemicals for a variety of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa and the Asia Pacific region. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, injection mold releases, heat treatment and quenching agents, metal forging fluids, hydraulic fluids, specialty greases, offshore subsea energy control fluids, roll lubricants, bar and wire drawing fluids and surface treatment chemicals.

Also see

Would you like to know which other hedge funds own KWR? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Quaker Chemical Co. (NYSE:KWR – Free Report).

Institutional Ownership by Quarter for Quaker Chemical (NYSE:KWR)

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