Is it Still Worthy to Keep Your Quaker (KWR) Stake?

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Small Cap Growth Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. Small-cap stocks overall posted rather lackluster returns in the first quarter of 2022. There was, however, a notable level of disparity between the two style indexes, as the Russell 2000® Growth Index (down 12.63%) significantly lagged its Russell 2000® Value Index (down 2.40%) counterpart for the sixth consecutive quarter.  Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Carillon Eagle Small Cap Growth Fund mentioned Quaker Chemical Corporation (NYSE:KWR) and explained its insights for the company. Founded in (year founded), Quaker Chemical Corporation (NYSE:KWR) is a Conshohocken, Pennsylvania-based chemical company with a $2.6 billion market capitalization. Quaker Chemical Corporation (NYSE:KWR) delivered a -35.90% return since the beginning of the year, while its 12-month returns are down by -37.63%. The stock closed at $147.93 per share on June 29, 2022.

Here is what Carillon Eagle Small Cap Growth Fund has to say about Quaker Chemical Corporation (NYSE:KWR) in its Q1 2022 investor letter:

“Quaker Houghton (NYSE:KWR) develops, produces, and markets formulated chemical specialty products. Rising input costs have pressured the company’s margins as of late, partly because a large portion of its raw materials are crude-oil based. The minor slowdown in steel production, as well as ongoing global semiconductor chip shortages, continue to limit production at the firm’s auto end-market customers, providing an additional headwind at the moment.”

Our calculations show that Quaker Chemical Corporation (NYSE:KWR) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Quaker Chemical Corporation (NYSE:KWR) was in 12 hedge fund portfolios at the end of the first quarter of 2022, compared to 16 funds in the previous quarter. Quaker Chemical Corporation (NYSE:KWR) delivered a -16.63% return in the past 3 months.

In March 2021, we also shared another hedge fund’s views on Quaker Chemical Corporation (NYSE:KWR) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.