Quaker Chemical Corporation (KWR) Given Average Rating of “Hold” by Analysts

Shares of Quaker Chemical Corporation (NYSE:KWR) have earned a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $161.00.

Several brokerages recently issued reports on KWR. ValuEngine cut Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Friday. B. Riley set a $165.00 target price on Quaker Chemical and gave the company a “hold” rating in a research note on Monday, November 20th. Zacks Investment Research cut Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. FBR & Co set a $165.00 target price on Quaker Chemical and gave the company a “hold” rating in a research note on Friday, October 27th. Finally, Jefferies Group reiterated a “hold” rating and issued a $153.00 target price on shares of Quaker Chemical in a research note on Sunday, September 3rd.

In other Quaker Chemical news, Director Mark Douglas sold 1,575 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $164.23, for a total value of $258,662.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Ronald S. Ettinger sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $162.75, for a total value of $162,750.00. The disclosure for this sale can be found here. Insiders sold 25,938 shares of company stock worth $4,081,305 over the last quarter. 3.60% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Teachers Advisors LLC raised its stake in shares of Quaker Chemical by 2.3% during the first quarter. Teachers Advisors LLC now owns 25,695 shares of the specialty chemicals company’s stock valued at $3,383,000 after purchasing an additional 578 shares in the last quarter. Aperio Group LLC raised its stake in shares of Quaker Chemical by 6.5% during the second quarter. Aperio Group LLC now owns 5,674 shares of the specialty chemicals company’s stock valued at $824,000 after purchasing an additional 345 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Quaker Chemical by 9.6% during the second quarter. Russell Investments Group Ltd. now owns 38,529 shares of the specialty chemicals company’s stock valued at $5,596,000 after purchasing an additional 3,369 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Quaker Chemical by 3.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,140 shares of the specialty chemicals company’s stock valued at $456,000 after purchasing an additional 110 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of Quaker Chemical by 2.1% during the second quarter. Great West Life Assurance Co. Can now owns 18,798 shares of the specialty chemicals company’s stock valued at $2,729,000 after purchasing an additional 390 shares in the last quarter. Institutional investors own 86.70% of the company’s stock.

Shares of Quaker Chemical (NYSE KWR) traded down $4.35 on Friday, reaching $160.43. The company had a trading volume of 82,002 shares, compared to its average volume of 57,600. Quaker Chemical has a 52-week low of $124.92 and a 52-week high of $165.93. The company has a market capitalization of $2,190.00, a PE ratio of 32.72, a PEG ratio of 2.98 and a beta of 1.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.83 and a quick ratio of 2.25.

Quaker Chemical (NYSE:KWR) last announced its quarterly earnings data on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.06. Quaker Chemical had a return on equity of 15.43% and a net margin of 5.93%. The firm had revenue of $212.90 million for the quarter, compared to analysts’ expectations of $200.71 million. During the same period last year, the business posted $1.25 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. sell-side analysts predict that Quaker Chemical will post 5 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Tuesday, January 16th. Quaker Chemical’s payout ratio is 39.66%.

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About Quaker Chemical

Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others. The Company’s segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.

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