Quaker Houghton (NYSE:KWR) Stock Position Lessened by Headlands Technologies LLC

Headlands Technologies LLC decreased its holdings in Quaker Houghton (NYSE:KWR) by 67.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 445 shares of the specialty chemicals company’s stock after selling 934 shares during the quarter. Headlands Technologies LLC’s holdings in Quaker Houghton were worth $55,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its stake in shares of Quaker Houghton by 9.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 184,220 shares of the specialty chemicals company’s stock worth $22,771,000 after purchasing an additional 16,258 shares in the last quarter. US Bancorp DE grew its stake in shares of Quaker Houghton by 490.8% in the first quarter. US Bancorp DE now owns 3,616 shares of the specialty chemicals company’s stock worth $447,000 after purchasing an additional 3,004 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Quaker Houghton in the first quarter worth $462,000. Mackenzie Financial Corp grew its stake in shares of Quaker Houghton by 18.3% in the first quarter. Mackenzie Financial Corp now owns 2,020 shares of the specialty chemicals company’s stock worth $250,000 after purchasing an additional 313 shares in the last quarter. Finally, Heartland Advisors Inc. grew its stake in shares of Quaker Houghton by 21.5% in the first quarter. Heartland Advisors Inc. now owns 58,814 shares of the specialty chemicals company’s stock worth $7,270,000 after purchasing an additional 10,405 shares in the last quarter. Institutional investors own 77.46% of the company’s stock.

Quaker Houghton Trading Up 4.0%

Shares of KWR stock opened at $132.07 on Wednesday. The stock has a 50-day simple moving average of $119.84 and a 200 day simple moving average of $120.45. Quaker Houghton has a fifty-two week low of $95.91 and a fifty-two week high of $180.96. The stock has a market capitalization of $2.30 billion, a P/E ratio of -307.13, a P/E/G ratio of 1.56 and a beta of 1.38. The company has a quick ratio of 1.87, a current ratio of 2.56 and a debt-to-equity ratio of 0.67.

Quaker Houghton (NYSE:KWR) last announced its earnings results on Thursday, July 31st. The specialty chemicals company reported $1.71 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.11). Quaker Houghton had a negative net margin of 0.39% and a positive return on equity of 8.35%. The firm had revenue of $483.40 million for the quarter, compared to the consensus estimate of $463.57 million. During the same period in the prior year, the business earned $2.13 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts expect that Quaker Houghton will post 7.75 earnings per share for the current fiscal year.

Quaker Houghton Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a $0.508 dividend. This is a positive change from Quaker Houghton’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, October 17th. This represents a $2.03 dividend on an annualized basis and a dividend yield of 1.5%. Quaker Houghton’s dividend payout ratio is -451.16%.

Analyst Ratings Changes

KWR has been the subject of several recent analyst reports. Royal Bank Of Canada set a $135.00 price target on Quaker Houghton and gave the stock an “outperform” rating in a research note on Monday, August 4th. Jefferies Financial Group raised Quaker Houghton from a “hold” rating to a “buy” rating and set a $146.00 target price for the company in a research note on Monday, June 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $150.75.

Quaker Houghton 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.