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

Jackson Creek Investment Advisors LLC purchased a new position in Quaker Chemical Co. (NYSE:KWR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 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 bought and sold shares of the company. WealthTrust Axiom LLC bought a new stake in Quaker Chemical in the 4th quarter worth $213,000. Truist Financial Corp lifted its holdings in Quaker Chemical by 36.0% in the 4th quarter. Truist Financial Corp now owns 22,575 shares of the specialty chemicals company’s stock worth $4,818,000 after buying an additional 5,971 shares during the period. Mackenzie Financial Corp purchased a new position in shares of Quaker Chemical during the fourth quarter valued at approximately $355,000. Strs Ohio raised its holdings in shares of Quaker Chemical by 50.0% during the fourth quarter. Strs Ohio now owns 300 shares of the specialty chemicals company’s stock valued at $64,000 after acquiring an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in Quaker Chemical in the fourth quarter valued at $1,473,000. Institutional investors own 77.46% of the company’s stock.

Quaker Chemical Stock Down 2.0 %

Shares of NYSE:KWR traded down $3.88 during midday trading on Tuesday, reaching $186.53. The company’s stock had a trading volume of 72,337 shares, compared to its average volume of 79,194. Quaker Chemical Co. has a 12-month low of $138.67 and a 12-month high of $221.94. The firm has a market capitalization of $3.36 billion, a P/E ratio of 30.42, a PEG ratio of 1.47 and a beta of 1.49. The firm has a 50 day moving average of $197.71 and a 200-day moving average of $188.97. The company has a quick ratio of 1.89, a current ratio of 2.52 and a debt-to-equity ratio of 0.53.

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

Quaker Chemical Announces Dividend

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

Quaker Chemical declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 28th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the specialty chemicals company to buy up to 4.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KWR shares. StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd. Royal Bank of Canada lifted their price objective on Quaker Chemical from $200.00 to $223.00 and gave the company an “outperform” rating in a research report on Monday, March 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.