Quaker Chemical (NYSE:KWR) Rating Lowered to Hold at Zacks Investment Research

Quaker Chemical (NYSE:KWR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

According to Zacks, “Quaker Chemical Corporation develops, produces and markets a range of formulated chemical specialty products for various heavy industrial and manufacturing applications and, in addition, offers and markets chemical management services (CMS). The Company operates in three segments: Metalworking process chemicals, Coatings and Other chemical products. The Metalworking process chemicals segment includes industrial process fluids for various heavy industrial and manufacturing applications. Coatings segment includes temporary and permanent coatings for metal and concrete products and chemical milling maskants. “

Separately, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Quaker Chemical from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, March 29th.

KWR stock opened at $239.98 on Wednesday. The firm has a market cap of $4.29 billion, a P/E ratio of 40.20 and a beta of 1.47. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.10 and a quick ratio of 1.57. Quaker Chemical has a 52-week low of $167.47 and a 52-week high of $301.99. The company’s 50-day moving average is $239.81.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings results on Thursday, May 6th. The specialty chemicals company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.65. The business had revenue of $429.80 million during the quarter, compared to the consensus estimate of $381.67 million. Quaker Chemical had a return on equity of 7.82% and a net margin of 7.26%. The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 EPS. Equities research analysts expect that Quaker Chemical will post 7.3 earnings per share for the current year.

In related news, VP David Will sold 280 shares of Quaker Chemical stock in a transaction that occurred on Tuesday, May 25th. The shares were sold at an average price of $234.03, for a total value of $65,528.40. Following the completion of the transaction, the vice president now directly owns 1,148 shares in the company, valued at approximately $268,666.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael F. Barry sold 15,000 shares of Quaker Chemical stock in a transaction that occurred on Monday, May 10th. The shares were sold at an average price of $236.42, for a total transaction of $3,546,300.00. Following the completion of the transaction, the chief executive officer now owns 102,219 shares of the company’s stock, valued at $24,166,615.98. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC grew its position in shares of Quaker Chemical by 178.9% during the 1st quarter. CWM LLC now owns 159 shares of the specialty chemicals company’s stock valued at $39,000 after purchasing an additional 102 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Quaker Chemical in the first quarter worth $45,000. Captrust Financial Advisors lifted its stake in Quaker Chemical by 2,160.0% in the fourth quarter. Captrust Financial Advisors now owns 226 shares of the specialty chemicals company’s stock worth $57,000 after purchasing an additional 216 shares during the last quarter. Veriti Management LLC bought a new stake in Quaker Chemical in the fourth quarter worth $104,000. Finally, SG Americas Securities LLC bought a new stake in Quaker Chemical in the fourth quarter worth $106,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

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. It operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses. The company 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, metal finishing fluids, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.

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