Royal Bank Of Canada Has Lowered Expectations for Quaker Houghton (NYSE:KWR) Stock Price

Quaker Houghton (NYSE:KWR) had its price objective dropped by equities researchers at Royal Bank Of Canada from $202.00 to $192.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada‘s price objective points to a potential upside of 27.06% from the company’s previous close.

Several other research analysts have also commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Quaker Houghton in a report on Friday. Truist Financial boosted their price objective on shares of Quaker Houghton from $190.00 to $192.00 and gave the stock a “buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Quaker Houghton from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Zacks Research downgraded shares of Quaker Houghton from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 26th. Finally, Wall Street Zen lowered shares of Quaker Houghton from a “buy” rating to a “hold” rating in a report on Saturday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Quaker Houghton currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.00.

Quaker Houghton Trading Up 0.1%

Shares of KWR traded up $0.15 during trading hours on Monday, hitting $151.10. The stock had a trading volume of 79,349 shares, compared to its average volume of 158,709. Quaker Houghton has a 12-month low of $112.18 and a 12-month high of $183.01. The firm has a market cap of $2.60 billion, a P/E ratio of 27.03, a P/E/G ratio of 1.02 and a beta of 1.43. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.71 and a current ratio of 2.47. The company’s fifty day simple moving average is $158.76 and its 200 day simple moving average is $150.44.

Quaker Houghton (NYSE:KWR) last released its quarterly earnings data on Thursday, October 29th. The specialty chemicals company reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.29. The company had revenue of $544.55 million for the quarter, compared to the consensus estimate of $522.88 million. Quaker Houghton had a return on equity of 9.84% and a net margin of 4.80%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the business posted $2.08 EPS. Equities research analysts forecast that Quaker Houghton will post 7.85 EPS for the current fiscal year.

Insider Activity

In related news, Director William Osborne sold 600 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $168.31, for a total transaction of $100,986.00. Following the sale, the director directly owned 616 shares in the company, valued at approximately $103,678.96. This trade represents a 49.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Quaker Houghton

Large investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Quaker Houghton during the second quarter valued at approximately $335,290,000. Dimensional Fund Advisors LP lifted its position in shares of Quaker Houghton by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 750,789 shares of the specialty chemicals company’s stock worth $93,271,000 after purchasing an additional 38,261 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of Quaker Houghton in the second quarter valued at $66,810,000. Bank of America Corp DE purchased a new position in shares of Quaker Houghton in the second quarter valued at $37,045,000. Finally, Jupiter Topco LLC acquired a new stake in Quaker Houghton during the 2nd quarter valued at $31,472,000. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Houghton Company Profile

Quaker Houghton (NYSE:KWR) is a global provider of industrial process fluids and chemical products used in manufacturing and other heavy industries. The company develops, produces and supplies fluids, lubricants, cleaners, corrosion preventives and specialty chemical solutions designed to support metalworking, forming, treating and finishing processes.

Its products are used by customers in industries including steel, aluminum, automotive, aerospace, mining, machinery, metal packaging and other general manufacturing markets.