WCM Investment Management LLC Has $16.41 Million Holdings in Quaker Houghton $KWR

WCM Investment Management LLC raised its holdings in Quaker Houghton (NYSE:KWR) by 14.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 124,513 shares of the specialty chemicals company’s stock after purchasing an additional 15,461 shares during the quarter. WCM Investment Management LLC owned approximately 0.72% of Quaker Houghton worth $16,406,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. State Street Corp lifted its position in Quaker Houghton by 9.2% during the 2nd quarter. State Street Corp now owns 596,618 shares of the specialty chemicals company’s stock worth $66,785,000 after buying an additional 50,264 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Quaker Houghton by 2.1% during the second quarter. Geode Capital Management LLC now owns 326,397 shares of the specialty chemicals company’s stock valued at $36,542,000 after purchasing an additional 6,606 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Quaker Houghton by 1.3% in the second quarter. Bank of America Corp DE now owns 197,838 shares of the specialty chemicals company’s stock valued at $22,146,000 after purchasing an additional 2,473 shares in the last quarter. Hosking Partners LLP increased its stake in shares of Quaker Houghton by 97.5% in the 3rd quarter. Hosking Partners LLP now owns 115,165 shares of the specialty chemicals company’s stock valued at $15,173,000 after buying an additional 56,865 shares during the period. Finally, Ceredex Value Advisors LLC raised its holdings in Quaker Houghton by 10.7% during the 2nd quarter. Ceredex Value Advisors LLC now owns 113,200 shares of the specialty chemicals company’s stock worth $12,672,000 after purchasing an additional 10,950 shares during the last quarter. Institutional investors own 77.46% of the company’s stock.

Quaker Houghton Trading Up 3.5%

Shares of NYSE:KWR opened at $162.66 on Wednesday. Quaker Houghton has a 12-month low of $95.91 and a 12-month high of $162.83. The business has a 50 day moving average of $145.63 and a 200-day moving average of $137.58. The company has a quick ratio of 1.77, a current ratio of 2.47 and a debt-to-equity ratio of 0.61. The stock has a market cap of $2.82 billion, a PE ratio of -331.95, a P/E/G ratio of 1.48 and a beta of 1.35.

Quaker Houghton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were issued a dividend of $0.508 per share. The ex-dividend date of this dividend was Friday, January 16th. This represents a $2.03 annualized dividend and a dividend yield of 1.2%. Quaker Houghton’s dividend payout ratio (DPR) is currently -414.29%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $190.00 price target on shares of Quaker Houghton in a research note on Wednesday, January 21st. Weiss Ratings restated a “sell (d)” rating on shares of Quaker Houghton in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Quaker Houghton from a “buy” rating to a “hold” rating in a research report on Saturday, January 24th. Finally, Zacks Research raised Quaker Houghton from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $158.67.

About Quaker Houghton

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.