United States

Security and Exchange Commission

Washington, D.C. 20549

 

 

Schedule 13G

 

 

Under the Securities Act of 1934

(Amendment No.         )*

 

 

 

Quaker Chemical Corporation

(Name of Issuer)

 

 

Common Stock

(Title of Class of Securities)

 

 

747316107

(CUSIP Number)

 

 

December 31, 2003

Date of Event Which Requires Filing of this Statement

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

x Rule 13d-1(b)

¨ Rule 13d-1(c)

¨ Rule 13d-1(d)

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CUSIP No. 747316107		13G

 

1		NAME OF REPORTING PERSON S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSON               DePrince, Race & Zollo, Inc.             59-3299598
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)  x (b)  ¨
3		SEC USE ONLY
4		CITIZENSHIP OR PLACE OF ORGANIZATION               Incorporated in the State of Florida

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5    SOLE VOTING POWER                   488,750   6    SHARED VOTING POWER                   none   7    SOLE DISPOSITIVE POWER                   488,750   8    SHARED DISPOSITIVE POWER                   none

9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON               488,750
10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*               No
11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9               5.12%
12		TYPE OF REPORTING PERSON*               IA

 

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SCHEDULE 13 G

 

Item 1.

(a) Quaker Chemical Corp.

 

(b) Elm & Lee Sts

  Conshohocken, PA 19428

 

Item 2.

(a) DePrince, Race & Zollo, Inc.

 

(b) 201 S. Orange Ave, Suite 850

  Orlando, FL 32801

 

(c) USA

 

(d) common stock

 

(e) 747316107

 

Item 3.

(e) X

 

Item 4. Ownership

(a) 488,750

(b) 5.12%

(c) (i)    488,750 shares

      (iii) 488,750 shares

 

Item 5. Ownership of Five Percent or Less of a Class

N/A

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

N/A

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

N/A

 

Item 8. Identification and Classification of Members of the Group

N/A

 

Item 9. Notice of Dissolution of Group

N/A

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Item 10. Certification

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect.

 

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.