Quaker Chemical (NYSE:KWR) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Quaker Chemical (NYSE:KWR) from a hold rating to a buy rating in a research note issued to investors on Thursday morning.

A number of other research firms also recently weighed in on KWR. Royal Bank of Canada reduced their target price on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Piper Sandler raised their target price on Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Monday, November 4th.

Quaker Chemical Stock Performance

Shares of Quaker Chemical stock opened at $155.86 on Thursday. The business’s fifty day simple moving average is $163.34 and its 200 day simple moving average is $169.37. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. Quaker Chemical has a 12 month low of $151.31 and a 12 month high of $221.94. The firm has a market capitalization of $2.77 billion, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 1.96 and a beta of 1.38.

Quaker Chemical (NYSE:KWR) last released its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). The business had revenue of $462.27 million for the quarter, compared to the consensus estimate of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.05 earnings per share. As a group, analysts anticipate that Quaker Chemical will post 7.78 EPS for the current year.

Quaker Chemical Dividend Announcement

The firm 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 dividend of $0.485 per share. 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 1.24%. Quaker Chemical’s payout ratio is 28.45%.

Insider Transactions at Quaker Chemical

In other news, EVP Jeewat Bijlani sold 645 shares of the firm’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 value of $107,057.10. Following the completion of the transaction, the executive vice president now directly owns 4,747 shares in the company, valued at approximately $787,907.06. This trade represents a 11.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Slinkman sold 1,700 shares of the business’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 transaction, the senior vice president now directly owns 2,825 shares of the company’s stock, valued at approximately $474,035. This represents a 37.57 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KWR. First Pacific Financial purchased a new stake in shares of Quaker Chemical in the second quarter worth $25,000. GAMMA Investing LLC raised its holdings in shares of Quaker Chemical by 105.3% in the 3rd quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 80 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Quaker Chemical by 36.8% during the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock valued at $49,000 after acquiring an additional 77 shares during the last quarter. KBC Group NV grew its holdings 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 purchasing an additional 177 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Quaker Chemical in the second quarter worth approximately $136,000. 77.46% of the stock is owned by institutional investors.

Quaker Chemical 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.