Quaker Chemical (NYSE:KWR) Cut to “Hold” at StockNews.com

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

Other analysts have also issued research reports about the stock. Piper Sandler reiterated a “neutral” rating and set a $170.00 target price (down previously from $200.00) on shares of Quaker Chemical in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Royal Bank of Canada dropped their price objective on shares of Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating on the stock in a research note on Wednesday.

Quaker Chemical Stock Down 0.0 %

NYSE:KWR opened at $139.01 on Wednesday. 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 company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39. Quaker Chemical has a one year low of $124.66 and a one year high of $207.83. The stock has a 50-day simple moving average of $138.19 and a 200 day simple moving average of $153.64.

Quaker Chemical (NYSE:KWR) last issued its 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). The firm had revenue of $444.09 million during the quarter, compared to analyst estimates of $430.47 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. During the same quarter in the previous year, the business posted $1.78 EPS. Sell-side analysts predict that Quaker Chemical will post 7.75 EPS for the current fiscal year.

Quaker Chemical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical’s payout ratio is 28.45%.

Hedge Funds Weigh In On Quaker Chemical

Several institutional investors have recently modified their holdings of KWR. TD Waterhouse Canada Inc. acquired a new position in Quaker Chemical during the 4th quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Quaker Chemical during the fourth quarter valued at approximately $58,000. KBC Group NV boosted its position in shares of Quaker Chemical by 50.9% during the third quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock worth $88,000 after buying an additional 177 shares during the period. Covestor Ltd grew its holdings in Quaker Chemical by 24.8% in the 4th quarter. Covestor Ltd now owns 665 shares of the specialty chemicals company’s stock worth $94,000 after buying an additional 132 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in Quaker Chemical by 100.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company’s stock valued at $153,000 after acquiring an additional 453 shares during the period. Institutional investors own 77.46% of the company’s stock.

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.