Zacks Investment Research Lowers Quaker Chemical Corporation (KWR) to Hold
Zacks Investment Research cut shares of Quaker Chemical Corporation (NYSE:KWR) from a buy rating to a hold rating in a research note released on Thursday.
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. “
KWR has been the subject of several other research reports. B. Riley reissued a neutral rating on shares of Quaker Chemical Corporation in a research report on Wednesday, November 1st. FBR & Co set a $165.00 price objective on Quaker Chemical Corporation and gave the company a hold rating in a research report on Friday, October 27th. Jefferies Group LLC reaffirmed a hold rating and issued a $153.00 price objective on shares of Quaker Chemical Corporation in a research report on Wednesday, July 19th. Finally, BidaskClub downgraded Quaker Chemical Corporation from a hold rating to a sell rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $163.00.
Quaker Chemical Corporation (NYSE KWR) traded down $0.83 during trading on Thursday, reaching $156.24. The company’s stock had a trading volume of 43,400 shares, compared to its average volume of 57,250. Quaker Chemical Corporation has a 52 week low of $115.51 and a 52 week high of $164.01. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 0.16. The firm has a market cap of $2,077.88, a PE ratio of 31.19, a price-to-earnings-growth ratio of 2.84 and a beta of 1.36.
Quaker Chemical Corporation (NYSE:KWR) last posted its quarterly earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.26 by $0.06. Quaker Chemical Corporation had a return on equity of 15.43% and a net margin of 5.93%. The business had revenue of $212.90 million during the quarter, compared to analysts’ expectations of $200.71 million. During the same period last year, the firm earned $1.25 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. equities analysts predict that Quaker Chemical Corporation will post 5 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were paid a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Monday, October 16th. Quaker Chemical Corporation’s dividend payout ratio (DPR) is 40.00%.
In other news, VP Jan Nieman sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $140.00, for a total transaction of $140,000.00. Following the completion of the transaction, the vice president now directly owns 15,636 shares of the company’s stock, valued at $2,189,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP D Jeffry Benoliel sold 5,981 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $162.21, for a total value of $970,178.01. Following the sale, the vice president now owns 21,429 shares of the company’s stock, valued at approximately $3,475,998.09. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,496 shares of company stock worth $3,340,265. Insiders own 3.60% of the company’s stock.
Large investors have recently made changes to their positions in the business. Flinton Capital Management LLC raised its stake in Quaker Chemical Corporation by 29.7% during the 2nd quarter. Flinton Capital Management LLC now owns 768 shares of the specialty chemicals company’s stock valued at $111,000 after purchasing an additional 176 shares during the period. Riverhead Capital Management LLC increased its stake in shares of Quaker Chemical Corporation by 55.3% in the second quarter. Riverhead Capital Management LLC now owns 932 shares of the specialty chemicals company’s stock worth $135,000 after acquiring an additional 332 shares during the last quarter. Advisor Group Inc. increased its stake in shares of Quaker Chemical Corporation by 15.6% in the second quarter. Advisor Group Inc. now owns 954 shares of the specialty chemicals company’s stock worth $139,000 after acquiring an additional 129 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of Quaker Chemical Corporation in the second quarter worth $212,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Quaker Chemical Corporation in the second quarter worth $246,000. 83.09% of the stock is currently owned by institutional investors.
Quaker Chemical Corporation Company Profile
Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others. The Company’s segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.
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