Kimelman & Baird LLC boosted its holdings in shares of Quaker Chemical Corp (NYSE:KWR) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,610 shares of the specialty chemicals company's stock after buying an additional 100 shares during the period. Kimelman & Baird LLC's holdings in Quaker Chemical were worth $464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Bessemer Group Inc. increased its position in Quaker Chemical by 44.6% during the 4th quarter. Bessemer Group Inc. now owns 227 shares of the specialty chemicals company's stock valued at $40,000 after buying an additional 70 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Quaker Chemical in the third quarter valued at about $101,000. Hanseatic Management Services Inc. acquired a new position in shares of Quaker Chemical in the fourth quarter valued at about $107,000. LS Investment Advisors LLC increased its holdings in shares of Quaker Chemical by 55.8% in the fourth quarter. LS Investment Advisors LLC now owns 609 shares of the specialty chemicals company's stock valued at $108,000 after purchasing an additional 218 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of Quaker Chemical by 13.1% in the fourth quarter. Bank of Montreal Can now owns 1,134 shares of the specialty chemicals company's stock valued at $201,000 after purchasing an additional 131 shares during the period. 97.84% of the stock is currently owned by institutional investors.
A number of research analysts have recently weighed in on KWR shares. Zacks Investment Research raised Quaker Chemical from a "hold" rating to a "strong-buy" rating and set a $205.00 price objective on the stock in a report on Friday, January 4th. Seaport Global Securities reissued a "neutral" rating on shares of Quaker Chemical in a report on Tuesday, February 5th. Finally, Janney Montgomery Scott reissued a "neutral" rating and issued a $198.00 price objective on shares of Quaker Chemical in a report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of "Hold" and an average price target of $187.25.
In related news, insider Shane Hostetter sold 1,892 shares of the firm's stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $207.51, for a total transaction of $392,608.92. Following the sale, the insider now directly owns 1,303 shares of the company's stock, valued at $270,385.53. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is currently owned by corporate insiders.
Shares of KWR stock traded down $0.56 during mid-day trading on Monday, reaching $196.02. The stock had a trading volume of 2,543 shares, compared to its average volume of 86,383. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.14 and a current ratio of 2.76. The firm has a market capitalization of $2.62 billion, a PE ratio of 32.33, a P/E/G ratio of 2.55 and a beta of 1.40. Quaker Chemical Corp has a 1-year low of $137.95 and a 1-year high of $217.15.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Monday, April 15th. Quaker Chemical's dividend payout ratio is presently 24.50%.
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