Shares of Quaker Chemical Corp (NYSE:KWR) have received a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $162.00.
A number of analysts have issued reports on the company. Seaport Global Securities reissued a “hold” rating and issued a $165.00 target price on shares of Quaker Chemical in a research report on Friday. Zacks Investment Research downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Friday. TheStreet downgraded Quaker Chemical from a “b” rating to a “c+” rating in a research report on Monday, March 5th. B. Riley set a $165.00 target price on Quaker Chemical and gave the stock a “hold” rating in a research report on Thursday, March 1st. Finally, ValuEngine downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
Shares of Quaker Chemical (KWR) traded down $0.01 during trading on Friday, reaching $155.68. The company had a trading volume of 221,820 shares, compared to its average volume of 53,599. The company has a market capitalization of $2,071.63, a price-to-earnings ratio of 103.10, a P/E/G ratio of 2.59 and a beta of 1.34. Quaker Chemical has a 1-year low of $126.18 and a 1-year high of $165.93. The company has a quick ratio of 2.06, a current ratio of 2.63 and a debt-to-equity ratio of 0.15.
Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Wednesday, February 28th. The specialty chemicals company reported $1.27 EPS for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.01. Quaker Chemical had a return on equity of 15.48% and a net margin of 2.47%. The business had revenue of $211.10 million for the quarter, compared to analyst estimates of $208.07 million. During the same period last year, the company posted $1.26 earnings per share. Quaker Chemical’s quarterly revenue was up 10.4% compared to the same quarter last year. research analysts anticipate that Quaker Chemical will post 5.46 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 16th will be given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Friday, April 13th. Quaker Chemical’s dividend payout ratio is currently 94.04%.
In other news, VP Joseph F. Matrange sold 397 shares of Quaker Chemical stock in a transaction on Friday, March 9th. The stock was sold at an average price of $155.34, for a total value of $61,669.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph A. Berquist sold 1,957 shares of Quaker Chemical stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $152.41, for a total value of $298,266.37. Following the completion of the transaction, the director now owns 14,655 shares of the company’s stock, valued at $2,233,568.55. The disclosure for this sale can be found here. Insiders sold 9,186 shares of company stock valued at $1,399,442 over the last three months. Company insiders own 3.60% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in KWR. Carillon Tower Advisers Inc. purchased a new position in shares of Quaker Chemical in the fourth quarter valued at $103,056,000. Ranger Investment Management L.P. grew its position in shares of Quaker Chemical by 141.2% in the fourth quarter. Ranger Investment Management L.P. now owns 214,455 shares of the specialty chemicals company’s stock valued at $32,338,000 after purchasing an additional 125,543 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Quaker Chemical by 17.3% in the third quarter. JPMorgan Chase & Co. now owns 638,073 shares of the specialty chemicals company’s stock valued at $95,041,000 after purchasing an additional 94,167 shares in the last quarter. Cortina Asset Management LLC purchased a new position in shares of Quaker Chemical in the fourth quarter valued at $8,602,000. Finally, BlackRock Inc. grew its position in shares of Quaker Chemical by 3.2% in the fourth quarter. BlackRock Inc. now owns 1,646,283 shares of the specialty chemicals company’s stock valued at $248,242,000 after purchasing an additional 50,506 shares in the last quarter. Institutional investors own 92.22% of the company’s stock.
Quaker Chemical 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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