Quaker Chemical (NYSE:KWR) Hits New 12-Month Low – Should You Sell?

Quaker Chemical Co. (NYSE:KWR) reached a new 52-week low on Thursday . The company traded as low as $136.72 and last traded at $137.04, with a volume of 56930 shares changing hands. The stock had previously closed at $140.76.

Analysts Set New Price Targets

Several analysts recently commented on the company. Royal Bank of Canada decreased their price target on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Piper Sandler increased their target price on Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Monday, November 4th.

Quaker Chemical Stock Performance

The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 1.84 and a beta of 1.38. The stock has a 50 day moving average price of $155.87 and a two-hundred day moving average price of $163.54.

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

Quaker Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Friday, January 17th. Quaker Chemical’s dividend payout ratio (DPR) is currently 28.45%.

Insider Buying and Selling

In other Quaker Chemical news, EVP Jeewat Bijlani sold 645 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $165.98, for a total transaction of $107,057.10. Following the sale, the executive vice president now directly owns 4,747 shares of the company’s stock, valued at approximately $787,907.06. This represents a 11.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP David Slinkman sold 1,700 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $167.80, for a total transaction of $285,260.00. Following the transaction, the senior vice president now owns 2,825 shares in the company, valued at $474,035. This represents a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KWR. GAMMA Investing LLC lifted its stake in Quaker Chemical by 105.3% during the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 80 shares during the last quarter. KBC Group NV raised its holdings in shares of Quaker Chemical by 50.9% during the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock worth $88,000 after buying an additional 177 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Quaker Chemical by 100.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company’s stock worth $153,000 after buying an additional 453 shares during the last quarter. iSAM Funds UK Ltd bought a new stake in shares of Quaker Chemical during the 3rd quarter worth $208,000. Finally, Edgestream Partners L.P. acquired a new stake in Quaker Chemical in the third quarter valued at about $215,000. Institutional investors and hedge funds 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.