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

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

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

Quaker Chemical Stock Up 1.2 %

Shares of NYSE:KWR opened at $157.70 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. Quaker Chemical has a 52-week low of $151.31 and a 52-week high of $221.94. The company has a market capitalization of $2.81 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38. The company has a fifty day moving average of $162.85 and a 200-day moving average of $168.99.

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

Quaker Chemical Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Friday, January 17th. Quaker Chemical’s dividend payout ratio is presently 28.45%.

Insider Transactions at Quaker Chemical

In other news, SVP David Slinkman sold 1,700 shares of Quaker Chemical stock in a transaction on Monday, November 25th. The shares were sold at an average price of $167.80, for a total value of $285,260.00. Following the completion of the sale, the senior vice president now owns 2,825 shares in the company, valued at $474,035. The trade was a 37.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jeewat Bijlani sold 645 shares of the business’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 transaction, the executive vice president now owns 4,747 shares in the company, valued at $787,907.06. The trade was a 11.96 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Quaker Chemical

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Pacific Financial acquired a new stake in Quaker Chemical in the second quarter valued at approximately $25,000. GAMMA Investing LLC grew its position in 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 purchasing an additional 80 shares during the period. Fifth Third Bancorp increased its stake in 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 purchasing an additional 77 shares in the last quarter. KBC Group NV raised its holdings in 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 buying an additional 177 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Quaker Chemical in the second quarter valued at $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.