Vanguard Trims Quaker Chemical Stake to 9.7%

TL;DR

**Vanguard cut its Quaker Chemical stake to 9.7%, watch for market reaction.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating a change in its beneficial ownership of Quaker Chemical Corp (NYSE: KWR) common stock. As of December 29, 2023, Vanguard now beneficially owns 1,744,233 shares, representing 9.7% of the company's outstanding common stock. This is a decrease from their previous reported ownership, signaling a slight reduction in their stake, which could be interpreted by investors as a minor shift in institutional confidence or a portfolio rebalancing.

Why It Matters

This filing shows that a major institutional investor, Vanguard, has slightly reduced its ownership in Quaker Chemical, which could influence investor sentiment and stock price.

Risk Assessment

Risk Level: low — A minor adjustment by a large institutional investor like Vanguard typically poses a low risk to the company's fundamentals.

Analyst Insight

A smart investor would monitor Quaker Chemical Corp's stock performance and look for any further institutional ownership changes, but this filing alone doesn't warrant immediate drastic action.

Key Numbers

• 1,744,233 — Shares Beneficially Owned (The total number of Quaker Chemical Corp common shares Vanguard now owns.)
• 9.7% — Percentage of Class (The percentage of Quaker Chemical Corp's common stock that Vanguard beneficially owns.)
• December 29, 2023 — Event Date (The specific date when the change in ownership occurred that triggered this filing.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Quaker Chemical Corp (company) — issuer of the securities
• 1,744,233 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 9.7% (dollar_amount) — percentage of class beneficially owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Quaker Chemical Corp's stock price may experience minor downward pressure due to Vanguard's reduced stake. (Quaker Chemical Corp) — medium confidence, target: next 1-3 months
• Other institutional investors might re-evaluate their positions in Quaker Chemical Corp following Vanguard's adjustment. (institutional investors) — low confidence, target: next 3-6 months

FAQ

Filing Documents

• tv01765-quakerchemicalcorp.htm (SC 13G/A) — 11KB
• 0001104659-24-021779.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Quaker Chemical Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: One Quaker Park, 901 East Hector Street Conshohocken, PA 19428-2380

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 747316107

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR