Quaker Chemical Corporation (NYSE:KWR) received a $165.00 target price from research analysts at B. Riley in a report released on Monday. The brokerage currently has a “hold” rating on the specialty chemicals company’s stock. B. Riley’s price target points to a potential upside of 3.51% from the stock’s previous close.
Several other analysts also recently commented on KWR. BidaskClub downgraded shares of Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating and issued a $153.00 price target on shares of Quaker Chemical Corporation in a research report on Sunday, September 3rd. Zacks Investment Research downgraded shares of Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, September 9th. Finally, FBR & Co set a $165.00 price objective on shares of Quaker Chemical Corporation and gave the stock a “hold” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $163.50.
Quaker Chemical Corporation (NYSE:KWR) opened at $159.40 on Monday. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 0.16. Quaker Chemical Corporation has a twelve month low of $119.43 and a twelve month high of $164.01. The company has a market cap of $2,119.91, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 2.90 and a beta of 1.36.
Quaker Chemical Corporation (NYSE:KWR) last issued its earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.06. Quaker Chemical Corporation had a net margin of 5.93% and a return on equity of 15.43%. The business had revenue of $212.90 million during the quarter, compared to analysts’ expectations of $200.71 million. During the same quarter in the prior year, the business posted $1.25 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. equities analysts forecast that Quaker Chemical Corporation will post 5 earnings per share for the current fiscal year.
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In other Quaker Chemical Corporation news, VP Ronald S. Ettinger sold 367 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $157.16, for a total transaction of $57,677.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jan Nieman sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $140.00, for a total transaction of $140,000.00. Following the sale, the vice president now directly owns 15,636 shares in the company, valued at $2,189,040. The disclosure for this sale can be found here. Insiders sold a total of 21,863 shares of company stock valued at $3,397,942 in the last quarter. Insiders own 3.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Flinton Capital Management LLC boosted its stake in shares of Quaker Chemical Corporation by 29.7% during the 2nd quarter. Flinton Capital Management LLC now owns 768 shares of the specialty chemicals company’s stock worth $111,000 after purchasing an additional 176 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of Quaker Chemical Corporation by 55.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 932 shares of the specialty chemicals company’s stock worth $135,000 after acquiring an additional 332 shares during the period. Advisor Group Inc. lifted its holdings in shares of Quaker Chemical Corporation by 15.6% during the 2nd quarter. Advisor Group Inc. now owns 954 shares of the specialty chemicals company’s stock worth $139,000 after acquiring an additional 129 shares during the period. Everence Capital Management Inc. purchased a new position in shares of Quaker Chemical Corporation during the 2nd quarter worth about $212,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Quaker Chemical Corporation during the 2nd quarter worth about $246,000. 82.70% of the stock is currently owned by institutional investors.
Quaker Chemical Corporation Company Profile
Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others. The Company’s segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.
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