Quaker Chemical Corp. (NYSE:KWR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Quaker Chemical Corp. develops, produces, and markets a broad range of formulated chemical specialty products for various heavy industrial and manufacturing applications and, in addition, offers and markets chemical management services. Quaker’s principal products and services include: rolling lubricants, corrosion preventives, metal finishing compounds, machining and grinding compounds, forming compounds, hydraulic fluids, technology for the removal of hydrogen sulfide, chemical milling maskants, construction products and programs to provide chemical management services. “

Separately, Jefferies Group reissued a “hold” rating on shares of Quaker Chemical Corp. in a research note on Sunday, July 17th.

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Shares of Quaker Chemical Corp. (NYSE:KWR) traded down 2.14% during mid-day trading on Tuesday, hitting $103.12. The stock had a trading volume of 48,855 shares. The stock’s 50-day moving average price is $100.94 and its 200-day moving average price is $92.39. Quaker Chemical Corp. has a 52-week low of $68.20 and a 52-week high of $106.92. The firm has a market cap of $1.37 billion, a PE ratio of 25.47 and a beta of 1.43.

Quaker Chemical Corp. (NYSE:KWR) last posted its earnings results on Wednesday, July 27th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.02. The company had revenue of $186.91 million for the quarter, compared to analysts’ expectations of $187.77 million. Quaker Chemical Corp. had a return on equity of 15.21% and a net margin of 7.28%. Quaker Chemical Corp.’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm earned $1.15 earnings per share. On average, analysts anticipate that Quaker Chemical Corp. will post $4.55 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 17th will be given a dividend of $0.345 per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $1.38 annualized dividend and a yield of 1.34%. Quaker Chemical Corp.’s payout ratio is 34.07%.

A number of hedge funds have recently bought and sold shares of KWR. Park National Corp OH purchased a new stake in Quaker Chemical Corp. during the third quarter valued at $233,000. Macquarie Group Ltd. boosted its stake in Quaker Chemical Corp. by 27.5% in the second quarter. Macquarie Group Ltd. now owns 230,338 shares of the company’s stock valued at $20,546,000 after buying an additional 49,678 shares during the last quarter. Mason Street Advisors LLC purchased a new stake in Quaker Chemical Corp. during the second quarter valued at $231,000. Howe & Rusling Inc. boosted its stake in Quaker Chemical Corp. by 3.6% in the second quarter. Howe & Rusling Inc. now owns 1,750 shares of the company’s stock valued at $156,000 after buying an additional 60 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Quaker Chemical Corp. by 1.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 61,099 shares of the company’s stock valued at $5,451,000 after buying an additional 802 shares during the last quarter. 82.24% of the stock is currently owned by institutional investors and hedge funds.

About Quaker Chemical Corp.

Quaker Chemical Corporation is engaged in providing process fluids, chemical specialties and technical expertise to a range of industries, including steel, aluminum, automotive, mining, aerospace, tube and pipe, cans and others. The Company operates through four segments: North America, the Europe; Middle East and Africa (EMEA); Asia/Pacific, and South America.

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