Public Sector Pension Investment Board Purchases 7,185 Shares of Quaker Houghton $KWR

Public Sector Pension Investment Board lifted its position in shares of Quaker Houghton (NYSE:KWR) by 15.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,581 shares of the specialty chemicals company’s stock after acquiring an additional 7,185 shares during the period. Public Sector Pension Investment Board owned approximately 0.31% of Quaker Houghton worth $7,059,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TD Waterhouse Canada Inc. bought a new stake in shares of Quaker Houghton in the 2nd quarter worth $30,000. EverSource Wealth Advisors LLC boosted its position in shares of Quaker Houghton by 284.8% during the second quarter. EverSource Wealth Advisors LLC now owns 304 shares of the specialty chemicals company’s stock valued at $34,000 after buying an additional 225 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Quaker Houghton by 87.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 348 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 162 shares in the last quarter. Osaic Holdings Inc. raised its position in Quaker Houghton by 54.4% in the 2nd quarter. Osaic Holdings Inc. now owns 673 shares of the specialty chemicals company’s stock worth $76,000 after buying an additional 237 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in Quaker Houghton during the 2nd quarter valued at about $78,000. 77.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KWR. Zacks Research raised shares of Quaker Houghton from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Wall Street Zen downgraded Quaker Houghton from a “buy” rating to a “hold” rating in a report on Saturday, January 24th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $190.00 price target on shares of Quaker Houghton in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Quaker Houghton has a consensus rating of “Hold” and a consensus price target of $158.67.

Quaker Houghton Stock Up 0.9%

KWR stock opened at $180.87 on Wednesday. The business’s 50-day moving average price is $153.50 and its 200-day moving average price is $141.52. The stock has a market cap of $3.14 billion, a P/E ratio of -369.11, a PEG ratio of 1.69 and a beta of 1.35. The company has a quick ratio of 1.77, a current ratio of 2.47 and a debt-to-equity ratio of 0.61. Quaker Houghton has a twelve month low of $95.91 and a twelve month high of $182.58.

Quaker Houghton Profile

Quaker Houghton is a global provider of process fluids, chemical specialties and sustainable solutions for industrial applications. The company develops and supplies metalworking fluids, coatings, and corrosion inhibitors, as well as heat transfer, lubrication and additive products designed to improve productivity and extend equipment life. Its portfolio addresses a range of end markets including automotive, aerospace, defense, energy, mining, agriculture and heavy industry.

The company traces its roots back to the founding of Quaker Chemical Corporation in 1918 and Houghton International in 1865.