Quaker Chemical (NYSE:KWR) Reaches New 1-Year Low – Here’s What Happened

Quaker Chemical Co. (NYSE:KWR)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $136.72 and last traded at $137.04, with a volume of 56930 shares changing hands. The stock had previously closed at $140.76.

Analyst Ratings Changes

Several equities research analysts recently commented on KWR shares. Royal Bank of Canada reduced their price objective on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Piper Sandler boosted their price objective on shares of Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 8th. StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Monday, November 4th.

Quaker Chemical Stock Up 0.4 %

The company’s 50-day moving average price is $155.14 and its 200 day moving average price is $163.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The stock has a market cap of $2.43 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 1.84 and a beta of 1.38.

Quaker Chemical (NYSE:KWR) last announced its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). The business had revenue of $462.27 million for the quarter, compared to analysts’ expectations of $469.17 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.05 earnings per share. As a group, analysts forecast that Quaker Chemical Co. will post 7.78 EPS for the current fiscal year.

Quaker Chemical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.485 per share. The ex-dividend date is Friday, January 17th. This represents a $1.94 annualized dividend and a yield of 1.42%. Quaker Chemical’s dividend payout ratio (DPR) is presently 28.45%.

Insider Buying and Selling at Quaker Chemical

In related news, SVP David Slinkman sold 1,700 shares of Quaker Chemical stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $167.80, for a total transaction of $285,260.00. Following the sale, the senior vice president now owns 2,825 shares of the company’s stock, valued at approximately $474,035. This trade represents a 37.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeewat Bijlani sold 645 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $165.98, for a total value of $107,057.10. Following the completion of the transaction, the executive vice president now owns 4,747 shares of the company’s stock, valued at $787,907.06. The trade was a 11.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Quaker Chemical

Several hedge funds have recently modified their holdings of the stock. Marshall Wace LLP grew its holdings in Quaker Chemical by 2,077.7% during the 2nd quarter. Marshall Wace LLP now owns 138,239 shares of the specialty chemicals company’s stock valued at $23,459,000 after buying an additional 131,891 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Quaker Chemical by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 636,739 shares of the specialty chemicals company’s stock valued at $107,284,000 after acquiring an additional 90,726 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Quaker Chemical by 39.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 311,865 shares of the specialty chemicals company’s stock valued at $52,546,000 after purchasing an additional 87,857 shares in the last quarter. WCM Investment Management LLC bought a new stake in Quaker Chemical in the third quarter worth $9,288,000. Finally, Cerity Partners LLC raised its stake in Quaker Chemical by 485.5% during the third quarter. Cerity Partners LLC now owns 64,631 shares of the specialty chemicals company’s stock valued at $10,890,000 after purchasing an additional 53,592 shares in the last quarter. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Quaker Chemical Company Profile

Quaker Chemical Corporation, together with its subsidiaries, develops, produces, and markets various formulated specialty chemical products for a range of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die-cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.