Quaker Chemical Corp. (KWR) Downgraded by Zacks Investment Research to Sell
According to Zacks, “Quaker Chemical Corp. develops, produces, and markets a broad range of formulated chemical specialty products for various heavy industrial and manufacturing applications and, in addition, offers and markets chemical management services. Quaker’s principal products and services include: rolling lubricants, corrosion preventives, metal finishing compounds, machining and grinding compounds, forming compounds, hydraulic fluids, technology for the removal of hydrogen sulfide, chemical milling maskants, construction products and programs to provide chemical management services. “
Separately, Jefferies Group reissued a hold rating on shares of Quaker Chemical Corp. in a research report on Sunday, July 17th.
Quaker Chemical Corp. (NYSE:KWR) opened at 105.06 on Wednesday. The company has a market cap of $1.39 billion, a PE ratio of 25.95 and a beta of 1.60. Quaker Chemical Corp. has a 12-month low of $68.20 and a 12-month high of $105.15. The firm has a 50 day moving average price of $99.40 and a 200 day moving average price of $91.37.
Quaker Chemical Corp. (NYSE:KWR) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.02. Quaker Chemical Corp. had a net margin of 7.28% and a return on equity of 15.21%. The firm had revenue of $186.91 million for the quarter, compared to analysts’ expectations of $187.77 million. During the same period last year, the firm earned $1.15 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts anticipate that Quaker Chemical Corp. will post $4.55 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 17th will be paid a $0.345 dividend. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $1.38 annualized dividend and a yield of 1.31%. Quaker Chemical Corp.’s payout ratio is currently 34.07%.
A number of large investors have recently modified their holdings of the stock. PineBridge Investments L.P. increased its position in shares of Quaker Chemical Corp. by 4.1% in the second quarter. PineBridge Investments L.P. now owns 1,679 shares of the company’s stock worth $150,000 after buying an additional 66 shares during the period. Howe & Rusling Inc. increased its position in shares of Quaker Chemical Corp. by 3.6% in the second quarter. Howe & Rusling Inc. now owns 1,750 shares of the company’s stock worth $156,000 after buying an additional 60 shares during the period. Teacher Retirement System of Texas increased its position in shares of Quaker Chemical Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 1,862 shares of the company’s stock worth $166,000 after buying an additional 227 shares during the period. Legal & General Group Plc increased its position in shares of Quaker Chemical Corp. by 13.5% in the second quarter. Legal & General Group Plc now owns 2,110 shares of the company’s stock worth $183,000 after buying an additional 251 shares during the period. Finally, BlackRock Inc. increased its position in shares of Quaker Chemical Corp. by 108.6% in the second quarter. BlackRock Inc. now owns 2,121 shares of the company’s stock worth $190,000 after buying an additional 1,104 shares during the period. Hedge funds and other institutional investors own 82.24% of the company’s stock.
Quaker Chemical Corp. Company Profile
Quaker Chemical Corporation is engaged in providing process fluids, chemical specialties and technical expertise to a range of industries, including steel, aluminum, automotive, mining, aerospace, tube and pipe, cans and others. The Company operates through four segments: North America, the Europe; Middle East and Africa (EMEA); Asia/Pacific, and South America.
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