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

Shares of Quaker Chemical Co. (NYSE:KWR) hit a new 52-week low during trading on Wednesday . The company traded as low as $131.49 and last traded at $132.52, with a volume of 136442 shares traded. The stock had previously closed at $136.77.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Piper Sandler reaffirmed a “neutral” rating and set a $170.00 target price (down from $200.00) on shares of Quaker Chemical in a research report on Tuesday. Royal Bank of Canada lowered their target price on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Monday, November 4th.

Quaker Chemical Trading Down 3.1 %

The stock has a market capitalization of $2.36 billion, a P/E ratio of 19.43, a P/E/G ratio of 1.84 and a beta of 1.39. The stock’s 50 day moving average price is $154.40 and its 200-day moving average price is $162.53. 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 announced its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.19). The company had revenue of $462.27 million for the quarter, compared to the consensus estimate of $469.17 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same period last year, the business posted $2.05 EPS. As a group, equities research analysts expect that Quaker Chemical Co. will post 7.78 earnings per share for the current year.

Quaker Chemical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.94 dividend on an annualized basis and a yield of 1.46%. Quaker Chemical’s dividend payout ratio is presently 28.45%.

Insider Buying and Selling at Quaker Chemical

In related news, EVP Jeewat Bijlani sold 645 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $165.98, for a total transaction of $107,057.10. Following the completion of the transaction, the executive vice president now owns 4,747 shares in the company, valued at $787,907.06. The trade was a 11.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP David Slinkman sold 1,700 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $167.80, for a total transaction of $285,260.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

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

About Quaker Chemical

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.