Zacks Investment Research upgraded shares of Quaker Chemical (NYSE:KWR) from a sell rating to a hold rating in a report issued on Tuesday.

According to Zacks, “Quaker Chemical Corporation develops, produces and markets a range of formulated chemical specialty products for various heavy industrial and manufacturing applications and, in addition, offers and markets chemical management services (CMS). The Company operates in three segments: Metalworking process chemicals, Coatings and Other chemical products. The Metalworking process chemicals segment includes industrial process fluids for various heavy industrial and manufacturing applications. Coatings segment includes temporary and permanent coatings for metal and concrete products and chemical milling maskants. “

KWR has been the subject of several other research reports. B. Riley set a $165.00 price objective on shares of Quaker Chemical and gave the company a hold rating in a research note on Monday, November 20th. ValuEngine downgraded shares of Quaker Chemical from a buy rating to a hold rating in a research note on Friday, December 1st. Finally, FBR & Co set a $165.00 price objective on shares of Quaker Chemical and gave the company a hold rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock has an average rating of Hold and a consensus target price of $163.50.

Shares of Quaker Chemical (KWR) traded up $1.28 during trading hours on Tuesday, reaching $152.47. 108,812 shares of the company traded hands, compared to its average volume of 80,200. The company has a market cap of $2,040.00, a P/E ratio of 42.59, a price-to-earnings-growth ratio of 2.50 and a beta of 1.36. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.25 and a current ratio of 2.83. Quaker Chemical has a fifty-two week low of $124.92 and a fifty-two week high of $165.93.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings data on Thursday, October 26th. The specialty chemicals company reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.06. The business had revenue of $212.90 million during the quarter, compared to the consensus estimate of $200.71 million. Quaker Chemical had a net margin of 5.93% and a return on equity of 15.43%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 EPS. equities analysts predict that Quaker Chemical will post 5 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be paid a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Tuesday, January 16th. Quaker Chemical’s payout ratio is 39.66%.

In other Quaker Chemical news, VP Jan Nieman sold 5,604 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $153.22, for a total value of $858,644.88. Following the completion of the transaction, the vice president now directly owns 7,803 shares in the company, valued at approximately $1,195,575.66. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Adrian Steeples sold 4,911 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $155.71, for a total transaction of $764,691.81. Following the completion of the transaction, the director now owns 6,193 shares of the company’s stock, valued at $964,312.03. The disclosure for this sale can be found here. In the last three months, insiders sold 23,938 shares of company stock valued at $3,786,305. 3.60% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in KWR. Schwab Charles Investment Management Inc. increased its position in Quaker Chemical by 3.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 76,054 shares of the specialty chemicals company’s stock valued at $11,046,000 after acquiring an additional 2,473 shares during the period. First Trust Advisors LP increased its position in Quaker Chemical by 78.0% in the 2nd quarter. First Trust Advisors LP now owns 11,743 shares of the specialty chemicals company’s stock valued at $1,705,000 after acquiring an additional 5,147 shares during the period. Legal & General Group Plc increased its position in Quaker Chemical by 8.8% in the 2nd quarter. Legal & General Group Plc now owns 25,753 shares of the specialty chemicals company’s stock valued at $3,740,000 after acquiring an additional 2,074 shares during the period. BNP Paribas Arbitrage SA increased its position in Quaker Chemical by 62.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,404 shares of the specialty chemicals company’s stock valued at $640,000 after acquiring an additional 1,694 shares during the period. Finally, Principal Financial Group Inc. increased its position in Quaker Chemical by 0.4% in the 2nd quarter. Principal Financial Group Inc. now owns 110,298 shares of the specialty chemicals company’s stock valued at $16,019,000 after acquiring an additional 446 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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Quaker Chemical 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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