Piper Sandler Reiterates “Neutral” Rating for Quaker Chemical (NYSE:KWR)

Quaker Chemical (NYSE:KWR)‘s stock had its “neutral” rating reissued by Piper Sandler in a note issued to investors on Tuesday,Benzinga reports. They presently have a $170.00 target price on the specialty chemicals company’s stock, down from their previous target price of $200.00. Piper Sandler’s target price would suggest a potential upside of 24.13% from the stock’s current price.

KWR has been the topic of a number of other reports. StockNews.com upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Deutsche Bank Aktiengesellschaft decreased their target price on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Royal Bank of Canada cut their price target on shares of 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 Performance

NYSE KWR opened at $136.95 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The company has a fifty day moving average price of $154.79 and a 200-day moving average price of $162.78. Quaker Chemical has a 1 year low of $134.39 and a 1 year high of $207.83. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.84 and a beta of 1.39.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $469.17 million. During the same period in the previous year, the company posted $2.05 earnings per share. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities research analysts predict that Quaker Chemical will post 7.78 EPS for the current fiscal year.

Insider Buying and Selling at Quaker Chemical

In related 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 of the company’s stock, valued at approximately $787,907.06. This trade represents a 11.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Slinkman sold 1,700 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $167.80, for a total value of $285,260.00. Following the sale, the senior vice president now owns 2,825 shares in the company, 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 added to or reduced their stakes in KWR. GAMMA Investing LLC boosted its position in shares of Quaker Chemical by 105.3% in the third 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 during the period. KBC Group NV boosted its holdings in Quaker Chemical by 50.9% in the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock valued at $88,000 after purchasing an additional 177 shares during the period. Point72 Asia Singapore Pte. Ltd. grew 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 valued at $153,000 after purchasing an additional 453 shares in the last quarter. iSAM Funds UK Ltd bought a new position in shares of Quaker Chemical in the third quarter worth $208,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of Quaker Chemical in the third quarter worth $215,000. Institutional investors 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.