Geode Capital Management LLC Purchases 6,606 Shares of Quaker Houghton $KWR

Geode Capital Management LLC lifted its holdings in Quaker Houghton (NYSE:KWR) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,397 shares of the specialty chemicals company’s stock after acquiring an additional 6,606 shares during the quarter. Geode Capital Management LLC owned approximately 1.88% of Quaker Houghton worth $36,542,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KWR. GAMMA Investing LLC grew its holdings in shares of Quaker Houghton by 151.2% during the second quarter. GAMMA Investing LLC now owns 912 shares of the specialty chemicals company’s stock worth $102,000 after purchasing an additional 549 shares during the last quarter. Wellington Management Group LLP acquired a new position in Quaker Houghton during the 1st quarter worth about $23,190,000. American Century Companies Inc. grew its holdings in Quaker Houghton by 35.1% during the 1st quarter. American Century Companies Inc. now owns 19,712 shares of the specialty chemicals company’s stock worth $2,437,000 after acquiring an additional 5,118 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in Quaker Houghton by 29.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,203 shares of the specialty chemicals company’s stock worth $396,000 after acquiring an additional 738 shares during the last quarter. Finally, CX Institutional increased its position in Quaker Houghton by 183.8% in the 2nd quarter. CX Institutional now owns 59,592 shares of the specialty chemicals company’s stock valued at $6,671,000 after acquiring an additional 38,596 shares in the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.

Quaker Houghton Stock Performance

KWR stock opened at $138.68 on Thursday. Quaker Houghton has a twelve month low of $95.91 and a twelve month high of $161.46. The company has a quick ratio of 1.87, a current ratio of 2.56 and a debt-to-equity ratio of 0.67. The company has a market cap of $2.40 billion, a P/E ratio of -322.49, a price-to-earnings-growth ratio of 1.67 and a beta of 1.47. The business’s fifty day moving average is $133.08 and its 200-day moving average is $126.82.

Quaker Houghton (NYSE:KWR) last announced its quarterly earnings data on Thursday, October 30th. The specialty chemicals company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.14. Quaker Houghton had a positive return on equity of 8.35% and a negative net margin of 0.39%.The business had revenue of $493.84 million during the quarter, compared to analysts’ expectations of $475.06 million. During the same period in the previous year, the firm earned $1.89 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities research analysts forecast that Quaker Houghton will post 7.75 EPS for the current year.

Quaker Houghton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be given a $0.508 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, January 16th. Quaker Houghton’s payout ratio is currently -414.29%.

Wall Street Analysts Forecast Growth

KWR has been the topic of a number of research reports. Royal Bank Of Canada upped their target price on shares of Quaker Houghton from $149.00 to $171.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Quaker Houghton in a report on Wednesday, October 8th. Zacks Research raised Quaker Houghton from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Quaker Houghton in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Quaker Houghton currently has a consensus rating of “Hold” and a consensus target price of $152.33.

Quaker Houghton Profile

Quaker Chemical Corporation, together with its subsidiaries, develops, produces, and markets various formulated specialty chemical products for a range of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die-cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.