Quaker Houghton (NYSE:KWR) Posts Earnings Results

Quaker Houghton (NYSE:KWR) released its quarterly earnings data on Monday. The specialty chemicals company reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.06), FiscalAI reports. The business had revenue of $468.48 million during the quarter, compared to the consensus estimate of $465.17 million. Quaker Houghton had a negative net margin of 0.48% and a positive return on equity of 8.64%.

Quaker Houghton Stock Performance

Shares of KWR stock traded down $4.67 during trading on Monday, hitting $169.77. The company’s stock had a trading volume of 217,293 shares, compared to its average volume of 133,937. The company has a current ratio of 2.47, a quick ratio of 1.77 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.94 billion, a PE ratio of -346.48, a P/E/G ratio of 1.64 and a beta of 1.35. The business has a fifty day moving average of $155.53 and a 200-day moving average of $142.57. Quaker Houghton has a 52 week low of $95.91 and a 52 week high of $183.01.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its stake in shares of Quaker Houghton by 284.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 304 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 225 shares during the period. Global Retirement Partners LLC increased its holdings in Quaker Houghton by 556.9% during the fourth quarter. Global Retirement Partners LLC now owns 335 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 284 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Quaker Houghton in the fourth quarter worth about $52,000. State of Wyoming purchased a new position in Quaker Houghton in the fourth quarter valued at about $66,000. Finally, Danske Bank A S bought a new position in shares of Quaker Houghton during the 3rd quarter valued at approximately $66,000. Institutional investors own 77.46% of the company’s stock.

Analysts Set New Price Targets

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

Quaker Houghton Company 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.