Here is What Hedge Funds Think About Quaker Chemical Corp (KWR)

With a general bullishness amongst the heavyweights, some big names have jumped into Quaker Chemical Corp (NYSE:KWR) headfirst. Millennium Management assembled the most outsized position in Quaker Chemical Corp (NYSE:KWR). Millennium Management had $3.3 million invested in the company at the end of the quarter. Nine Chapters Capital Management also made a $1.5 million investment in the stock during the quarter. The other funds with new positions in the stock are Alec Litowitz and Ross Laser’s Magnetar Capital, Ken Gray and Steve Walsh’s Bryn Mawr Capital, and Matthew Hulsizer’s PEAK6 Capital Management.

Let’s go over hedge fund activity in other stocks similar to Quaker Chemical Corp (NYSE:KWR). We will take a look at Petrobras Argentina SA ADR (NYSE:PZE), Bottomline Technologies (NASDAQ:EPAY), Aerojet Rocketdyne Holdings Inc (NYSE:AJRD), and Comfort Systems USA, Inc. (NYSE:FIX). All of these stocks’ market caps match KWR’s market cap.

As you can see these stocks had an average of 17 hedge funds with bullish positions and the average amount invested in these stocks was $113 million, compared to $102 million in KWR’s case. Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) is the most popular stock in this table. On the other hand Bottomline Technologies (NASDAQ:EPAY) is the least popular one with only 7 bullish hedge fund positions. Quaker Chemical Corp (NYSE:KWR) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard AJRD might be a better candidate to consider a long position.