ValuEngine downgraded shares of Quaker Chemical (NYSE:KWR) from a buy rating to a hold rating in a research report released on Friday morning.

A number of other research analysts have also recently commented on KWR. BidaskClub cut Quaker Chemical from a hold rating to a sell rating in a research note on Thursday, August 3rd. Jefferies Group restated a hold rating and issued a $153.00 target price on shares of Quaker Chemical in a research note on Sunday, September 3rd. Zacks Investment Research lowered Quaker Chemical from a hold rating to a sell rating in a research report on Saturday, September 9th. FBR & Co set a $165.00 price objective on Quaker Chemical and gave the company a hold rating in a research report on Friday, October 27th. Finally, B. Riley reaffirmed a neutral rating on shares of Quaker Chemical in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Quaker Chemical presently has a consensus rating of Hold and a consensus price target of $163.50.

Quaker Chemical (NYSE:KWR) traded down $4.35 on Friday, hitting $160.43. The stock had a trading volume of 82,002 shares, compared to its average volume of 81,904. The stock has a market cap of $2,191.46, a PE ratio of 32.89, a PEG ratio of 2.99 and a beta of 1.35. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 0.16. Quaker Chemical has a 52 week low of $124.92 and a 52 week high of $165.93.

Quaker Chemical (NYSE:KWR) last released its earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.06. The company had revenue of $212.90 million during the quarter, compared to analysts’ expectations of $200.71 million. Quaker Chemical had a return on equity of 15.43% and a net margin of 5.93%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 EPS. sell-side analysts predict that Quaker Chemical will post 5 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Tuesday, January 16th. Quaker Chemical’s payout ratio is 40.00%.

In other Quaker Chemical news, Director William Roland Cook sold 2,500 shares of Quaker Chemical stock in a transaction on Monday, November 20th. The stock was sold at an average price of $160.78, for a total value of $401,950.00. Following the completion of the sale, the director now owns 7,531 shares of the company’s stock, valued at approximately $1,210,834.18. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark Douglas sold 1,575 shares of Quaker Chemical stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $164.23, for a total value of $258,662.25. The disclosure for this sale can be found here. In the last three months, insiders sold 25,938 shares of company stock valued at $4,081,305. Corporate insiders own 3.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of KWR. California Public Employees Retirement System grew its holdings in shares of Quaker Chemical by 2.5% in the third quarter. California Public Employees Retirement System now owns 51,248 shares of the specialty chemicals company’s stock worth $7,582,000 after acquiring an additional 1,248 shares during the period. Cubist Systematic Strategies LLC grew its holdings in shares of Quaker Chemical by 82.8% in the third quarter. Cubist Systematic Strategies LLC now owns 3,094 shares of the specialty chemicals company’s stock worth $458,000 after acquiring an additional 1,401 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Quaker Chemical by 1.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 77,455 shares of the specialty chemicals company’s stock worth $11,460,000 after acquiring an additional 1,401 shares during the period. Citadel Advisors LLC bought a new stake in shares of Quaker Chemical in the third quarter worth $290,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Quaker Chemical by 17.3% in the third quarter. JPMorgan Chase & Co. now owns 638,073 shares of the specialty chemicals company’s stock worth $95,041,000 after acquiring an additional 94,167 shares during the period. 86.70% of the stock is owned by institutional investors and hedge funds.

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About Quaker Chemical

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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