ProShare Advisors LLC Cuts Stake in Quaker Houghton $KWR

ProShare Advisors LLC reduced its position in Quaker Houghton (NYSE:KWR) by 15.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,675 shares of the specialty chemicals company’s stock after selling 8,140 shares during the quarter. ProShare Advisors LLC’s holdings in Quaker Houghton were worth $6,018,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

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

Quaker Houghton Stock Down 0.3%

Quaker Houghton stock opened at $177.26 on Friday. Quaker Houghton has a 1-year low of $95.91 and a 1-year high of $182.58. The business has a fifty day moving average price of $150.74 and a 200-day moving average price of $139.87. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.47 and a quick ratio of 1.77. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of -361.75, a PEG ratio of 1.67 and a beta of 1.35.

Quaker Houghton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were paid a dividend of $0.508 per share. The ex-dividend date was Friday, January 16th. This represents a $2.03 dividend on an annualized basis and a dividend yield of 1.1%. Quaker Houghton’s payout ratio is presently -414.29%.

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.