Quaker Chemical Corp. (KWR) Upgraded by Zacks Investment Research to “Hold”
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 reiterated a hold rating on shares of Quaker Chemical Corp. in a research note on Sunday, July 17th.
Shares of Quaker Chemical Corp. (NYSE:KWR) opened at 105.56 on Tuesday. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 26.08 and a beta of 1.43. The firm has a 50-day moving average price of $100.34 and a 200-day moving average price of $92.07. Quaker Chemical Corp. has a 52 week low of $68.20 and a 52 week high of $106.85.
Quaker Chemical Corp. (NYSE:KWR) last released its quarterly earnings results on Wednesday, July 27th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $186.91 million for the quarter, compared to analyst estimates of $187.77 million. During the same period in the previous year, the company 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, equities analysts anticipate that Quaker Chemical Corp. will post $4.55 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be given a dividend of $0.345 per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $1.38 dividend on an annualized basis and a yield of 1.31%. Quaker Chemical Corp.’s dividend payout ratio is presently 34.07%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. PineBridge Investments L.P. increased its position in 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 in the last quarter. Howe & Rusling Inc. increased its position in 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 in the last quarter. Teacher Retirement System of Texas increased its position in 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 in the last quarter. Legal & General Group Plc increased its position in 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 in the last quarter. Finally, BlackRock Inc. increased its position in 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 in the last quarter. 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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