Quaker Chemical (NYSE:KWR) Sets New 52-Week Low – Here’s Why

Quaker Chemical Co. (NYSE:KWR)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $124.00 and last traded at $125.20, with a volume of 31016 shares traded. The stock had previously closed at $129.79.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on KWR shares. Royal Bank of Canada reduced their price objective on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Piper Sandler reiterated a “neutral” rating and issued a $170.00 target price (down from $200.00) on shares of Quaker Chemical in a research report on Tuesday, January 7th. Finally, StockNews.com lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th.

Quaker Chemical Stock Performance

The stock has a 50-day moving average of $136.71 and a 200 day moving average of $148.94. The stock has a market cap of $2.21 billion, a PE ratio of 18.38, a P/E/G ratio of 1.62 and a beta of 1.43. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.29). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The company had revenue of $444.09 million for the quarter, compared to analysts’ expectations of $430.47 million. During the same quarter in the prior year, the firm earned $1.78 EPS. Equities analysts predict that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 annualized dividend and a yield of 1.55%. Quaker Chemical’s payout ratio is 29.80%.

Institutional Trading of Quaker Chemical

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. TD Waterhouse Canada Inc. purchased a new position in Quaker Chemical in the fourth quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Quaker Chemical during the 4th quarter worth about $58,000. Covestor Ltd increased its position in shares of Quaker Chemical by 24.8% during the 4th quarter. Covestor Ltd now owns 665 shares of the specialty chemicals company’s stock worth $94,000 after purchasing an additional 132 shares during the last quarter. KBC Group NV lifted its position in Quaker Chemical by 32.8% in the fourth quarter. KBC Group NV now owns 697 shares of the specialty chemicals company’s stock valued at $98,000 after buying an additional 172 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its stake in Quaker Chemical by 100.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company’s stock worth $153,000 after buying an additional 453 shares during the period. Institutional investors and hedge funds 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.