Quaker Chemical (KWR) Raised to B at TheStreet

TheStreet upgraded shares of Quaker Chemical (NYSE:KWR) from a c+ rating to a b rating in a research note published on Tuesday.

Other research analysts have also issued reports about the stock. ValuEngine upgraded shares of Quaker Chemical from a hold rating to a buy rating in a research note on Monday, April 2nd. Zacks Investment Research raised shares of Quaker Chemical from a hold rating to a buy rating and set a $172.00 target price for the company in a report on Thursday, March 22nd. B. Riley set a $165.00 target price on shares of Quaker Chemical and gave the stock a hold rating in a report on Thursday, March 1st. Finally, Seaport Global Securities reaffirmed a hold rating and set a $165.00 target price on shares of Quaker Chemical in a report on Friday, March 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $164.00.

Quaker Chemical stock opened at $154.16 on Tuesday. The stock has a market cap of $2.00 billion, a PE ratio of 30.77, a PEG ratio of 2.42 and a beta of 1.30. Quaker Chemical has a fifty-two week low of $151.16 and a fifty-two week high of $152.06. The company has a current ratio of 2.73, a quick ratio of 2.12 and a debt-to-equity ratio of 0.16.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Monday, April 30th. The specialty chemicals company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.13. The company had revenue of $212.10 million for the quarter, compared to analyst estimates of $206.60 million. Quaker Chemical had a net margin of 3.11% and a return on equity of 16.10%. Quaker Chemical’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 EPS. research analysts expect that Quaker Chemical will post 5.65 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Tuesday, July 17th will be issued a dividend of $0.37 per share. This is an increase from Quaker Chemical’s previous quarterly dividend of $0.36. The ex-dividend date is Monday, July 16th. This represents a $1.48 annualized dividend and a dividend yield of 0.96%. Quaker Chemical’s payout ratio is presently 28.34%.

In other Quaker Chemical news, VP D Jeffry Benoliel sold 3,625 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $150.38, for a total value of $545,127.50. Following the completion of the sale, the vice president now owns 5,827 shares of the company’s stock, valued at approximately $876,264.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael F. Barry sold 1,250 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $160.13, for a total transaction of $200,162.50. The disclosure for this sale can be found here. Insiders have sold a total of 9,186 shares of company stock valued at $1,399,442 in the last ninety days. 3.20% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of KWR. Pennsylvania Trust Co lifted its holdings in shares of Quaker Chemical by 121.7% during the 4th quarter. Pennsylvania Trust Co now owns 6,874 shares of the specialty chemicals company’s stock worth $1,036,000 after acquiring an additional 3,774 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Quaker Chemical by 6.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 82,213 shares of the specialty chemicals company’s stock worth $12,397,000 after acquiring an additional 4,758 shares during the period. GW&K Investment Management LLC lifted its holdings in shares of Quaker Chemical by 1.7% during the 4th quarter. GW&K Investment Management LLC now owns 117,249 shares of the specialty chemicals company’s stock worth $17,680,000 after acquiring an additional 2,002 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Quaker Chemical during the 4th quarter worth approximately $4,456,000. Finally, Aperio Group LLC lifted its holdings in shares of Quaker Chemical by 6.1% during the 4th quarter. Aperio Group LLC now owns 5,903 shares of the specialty chemicals company’s stock worth $890,000 after acquiring an additional 339 shares during the period. 92.17% of the stock is owned by hedge funds and other institutional investors.

Quaker Chemical Company Profile

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. Its products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.

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