Penn Capital Management Company LLC Sells 12,903 Shares of Quaker Houghton $KWR

Penn Capital Management Company LLC lessened its position in Quaker Houghton (NYSE:KWR) by 65.3% in the third quarter, Holdings Channel.com reports. The firm owned 6,859 shares of the specialty chemicals company’s stock after selling 12,903 shares during the quarter. Penn Capital Management Company LLC’s holdings in Quaker Houghton were worth $904,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Quaker Houghton by 6.5% during the third quarter. Dimensional Fund Advisors LP now owns 675,738 shares of the specialty chemicals company’s stock valued at $89,028,000 after purchasing an additional 41,530 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Quaker Houghton by 79.9% in the third quarter. Wellington Management Group LLP now owns 661,888 shares of the specialty chemicals company’s stock valued at $87,204,000 after buying an additional 293,977 shares during the period. Royce & Associates LP raised its holdings in Quaker Houghton by 3.2% in the 3rd quarter. Royce & Associates LP now owns 633,886 shares of the specialty chemicals company’s stock valued at $83,514,000 after buying an additional 19,788 shares during the last quarter. State Street Corp raised its holdings in Quaker Houghton by 9.2% in the 2nd quarter. State Street Corp now owns 596,618 shares of the specialty chemicals company’s stock valued at $66,785,000 after buying an additional 50,264 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in Quaker Houghton during the 3rd quarter worth approximately $46,331,000. 77.46% of the stock is currently owned by institutional investors.

Quaker Houghton Stock Performance

Shares of KWR stock opened at $120.15 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.42 and a quick ratio of 1.72. Quaker Houghton has a one year low of $95.91 and a one year high of $183.01. The business’s 50 day simple moving average is $153.56 and its 200 day simple moving average is $142.36. The stock has a market capitalization of $2.08 billion, a PE ratio of -1,001.17, a PEG ratio of 0.74 and a beta of 1.34.

Quaker Houghton (NYSE:KWR) last issued its quarterly earnings results on Monday, February 23rd. The specialty chemicals company reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.06). The firm had revenue of $468.48 million during the quarter, compared to analyst estimates of $465.17 million. Quaker Houghton had a positive return on equity of 8.99% and a negative net margin of 0.13%.The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.33 EPS. As a group, research analysts forecast that Quaker Houghton will post 7.75 earnings per share for the current year.

Quaker Houghton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be issued a $0.508 dividend. The ex-dividend date is Thursday, April 16th. This represents a $2.03 annualized dividend and a yield of 1.7%. Quaker Houghton’s payout ratio is presently -1,691.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on KWR shares. Royal Bank Of Canada reduced their target price on shares of Quaker Houghton from $190.00 to $184.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Jefferies Financial Group reiterated a “buy” rating and set a $203.00 price target on shares of Quaker Houghton in a report on Thursday, February 26th. Zacks Research raised shares of Quaker Houghton from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Finally, Wall Street Zen downgraded Quaker Houghton from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $175.67.

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.