Quaker Chemical (NYSE:KWR) Downgraded to Hold at StockNews.com

StockNews.com lowered shares of Quaker Chemical (NYSE:KWR) from a buy rating to a hold rating in a research report report published on Wednesday.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada decreased their price target on shares of Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their target price on Quaker Chemical from $225.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, August 26th.

Quaker Chemical Stock Performance

Shares of KWR stock opened at $162.23 on Wednesday. Quaker Chemical has a 52 week low of $138.67 and a 52 week high of $221.94. The firm has a 50 day moving average of $164.20 and a two-hundred day moving average of $175.15. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $2.92 billion, a PE ratio of 23.58, a P/E/G ratio of 1.86 and a beta of 1.37.

Quaker Chemical (NYSE:KWR) last released its earnings results on Monday, August 5th. The specialty chemicals company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.08). The company had revenue of $463.57 million for the quarter, compared to analyst estimates of $493.68 million. Quaker Chemical had a return on equity of 10.49% and a net margin of 6.56%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.93 earnings per share. On average, research analysts predict that Quaker Chemical will post 8.3 EPS for the current fiscal year.

Quaker Chemical Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a $0.485 dividend. This is a positive change from Quaker Chemical’s previous quarterly dividend of $0.46. This represents a $1.94 annualized dividend and a yield of 1.20%. The ex-dividend date is Thursday, October 17th. Quaker Chemical’s dividend payout ratio is currently 26.45%.

Institutional Trading of Quaker Chemical

Several institutional investors have recently modified their holdings of the stock. Fidelis Capital Partners LLC acquired a new stake in Quaker Chemical during the 1st quarter worth $25,000. First Pacific Financial purchased a new position in shares of Quaker Chemical during the second quarter worth about $25,000. GAMMA Investing LLC increased its position in shares of Quaker Chemical by 105.3% during the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 80 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Quaker Chemical in the 1st quarter valued at about $41,000. Finally, Fifth Third Bancorp boosted its position in shares of Quaker Chemical by 36.8% in the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock valued at $49,000 after purchasing an additional 77 shares during the period. 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.