Date: August 14, 2023
Victory Capital Management Inc. has recently made a notable move in the stock market by reducing its position in shares of Quaker Chemical Co. (NYSE:KWR) by 22.2% during the first quarter of this year. According to its disclosure with the Security and Exchange Commission (SEC), the institutional investor now owns 2,337 shares of the specialty chemicals company’s stock after selling off 665 shares.
The value of Victory Capital Management Inc.’s holdings in Quaker Chemical stands at an impressive $463,000, as indicated by its most recent SEC filing. This decision reflects a strategic adjustment in its investment portfolio, highlighting the dynamic nature of capital management in today’s volatile market.
Quaker Chemical has recently reported its earnings results on Tuesday, August 1st, shedding light on the company’s financial performance. The specialty chemicals company exceeded analysts’ consensus estimates with reported earnings per share of $1.93 for the quarter – surpassing expectations by a margin of $0.08.
This positive outcome demonstrates Quaker Chemical’s ability to deliver exceptional results even amid challenging market conditions. With a return on equity standing at 9.59% and a net margin of 0.45%, it is evident that the company has effectively leveraged its resources and operational strategies to maximize profitability.
Although Quaker Chemical generated total revenue of $495.44 million for the quarter, slightly below analyst estimates of $507.00 million, it still showcased an impressive year-over-year growth rate of 0.6%. In comparison to the prior year’s performance where earnings per share stood at $1.32 for the same period, this latest accomplishment illustrates Quaker Chemical’s commitment to sustained growth and fostering shareholder value.
Equities analysts are cautiously optimistic about Quaker Chemical’s future prospects and anticipate that it will post earnings per share (EPS) of 7.46 for the current year. This suggests that the company is on track to achieve a solid financial performance, further solidifying its position as a leader in the specialty chemicals sector.
Investors are advised to closely follow Quaker Chemical’s progress and stay informed about any updates or changes in its market outlook. The stock report on Quaker Chemical provides valuable insights into the company’s recent developments, making it an essential resource for those interested in staying at the forefront of investment opportunities.
In conclusion, Victory Capital Management Inc.’s decision to reduce its position in Quaker Chemical Co. reflects the dynamic nature of capital management in today’s market. Despite this adjustment, Quaker Chemical’s exceptional earnings results and commitment to growth signify its potential for continued success. Investors should remain vigilant and consult reliable sources, such as the comprehensive stock report on Quaker Chemical, to make well-informed investment decisions.
Quaker Chemical Corporation
Updated on: 03/12/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
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Growing Confidence in Quaker Chemical: Hedge Funds and Institutional Investors Acquire New Positions
Investors Show Confidence in Quaker Chemical as Hedge Funds Acquire New Positions
August 14, 2023 – Quaker Chemical Co. (KWR) has recently attracted attention from hedge funds and institutional investors, as several companies have acquired new positions in the specialty chemicals company. The increased interest in Quaker Chemical reflects a growing confidence in the company’s potential and future growth prospects.
One notable investor is HRT Financial LP, which acquired a new position in Quaker Chemical during the fourth quarter of last year. The investment by HRT Financial LP amounts to approximately $1,117,000 and demonstrates their belief in the company’s ability to generate returns.
Similarly, Group One Trading L.P. also decided to invest in Quaker Chemical during the same period, acquiring a position worth about $212,000. This move suggests that Group One Trading L.P. sees great value in the specialty chemicals company and expects it to perform well in the market.
In addition to these hedge funds, Mackenzie Financial Corp entered the scene during the first quarter of this year with an investment of around $298,000 in Quaker Chemical. This further reinforces the notion that prominent financial institutions are recognizing the potential of Quaker Chemical’s offerings.
Furthermore, Raymond James & Associates raised its stake in Quaker Chemical by 0.8% during the fourth quarter. With an additional acquisition of 216 shares valued at $4,336,000, Raymond James & Associates demonstrates its continued confidence in the company’s performance and long-term prospects.
Another significant investor is Principal Financial Group Inc., which increased its stake by 2.6% during Q4 2020 for an additional 2,175 shares valued at $14,433,000. This move signifies Principal Financial Group Inc.’s commitment to Quaker Chemical and reflects their anticipation of future growth opportunities within the company.
Overall, institutional investors and hedge funds now own approximately 79.30% of Quaker Chemical’s stock, highlighting the market’s growing confidence in the company’s ability to deliver strong results.
Shares of KWR opened at $169.71 on August 14, indicating a steady performance for the company thus far. Quaker Chemical boasts a debt-to-equity ratio of 0.65, emphasizing its financial stability and prudent management practices. Furthermore, with quick and current ratios of 2.05 and 2.84 respectively, the company demonstrates a healthy liquidity position.
Despite experiencing a 52-week low of $129.06, Quaker Chemical reached a high point of $216.45 during the same period, reflecting its potential for growth and stability in uncertain market conditions.
Quaker Chemical’s recent announcement of an increased quarterly dividend further enhances investor interest in the company. Starting October 31st, investors will receive a dividend of $0.455 per share – an increase from the previous dividend amount of $0.44 per share. This new dividend represents an annualized yield of 1.07%, making it an attractive investment opportunity for income-focused investors.
Investment analysts have also taken notice of Quaker Chemical in recent months. Stifel Nicolaus initiated coverage on the stock with a “buy” rating and set a price target of $250 per share, showcasing their confidence in the company’s future performance.
Deutsche Bank Aktiengesellschaft also demonstrated positive sentiment towards Quaker Chemical by raising their target price to $235 from $220 per share in May earlier this year.
Royal Bank of Canada followed suit by increasing their target price to $232 from $227 per share while giving Quaker Chemical an “outperform” rating on August 3rd.
These positive ratings further validate the investment potential that Quaker Chemical offers to shareholders and highlight its strong fundamentals and growth prospects.
To summarize, hedge funds and institutional investors have shown significant interest in acquiring new positions in Quaker Chemical. Their investments demonstrate a growing confidence in the company’s performance and future prospects. With a stable market position, notable analyst ratings, and an increased dividend payout, Quaker Chemical continues to attract attention from both investors and industry experts alike.