Quaker Chemical (NYSE:KWR) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

Several other analysts have also recently weighed in on the company. B. Riley set a $165.00 price objective on Quaker Chemical and gave the company a “hold” rating in a research report on Monday, November 20th. Zacks Investment Research cut Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. FBR & Co set a $165.00 price target on Quaker Chemical and gave the stock a “hold” rating in a research report on Friday, October 27th. Jefferies Group reissued a “hold” rating and issued a $153.00 price target on shares of Quaker Chemical in a research report on Sunday, September 3rd. Finally, BidaskClub raised Quaker Chemical from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $163.50.

Shares of Quaker Chemical (NYSE KWR) opened at $160.43 on Friday. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $2,133.56, a P/E ratio of 32.02, a price-to-earnings-growth ratio of 2.91 and a beta of 1.35. Quaker Chemical has a 12-month low of $124.92 and a 12-month high of $165.93.

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

In related news, Director Mark Douglas sold 1,575 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $164.23, for a total value of $258,662.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Adrian Steeples sold 4,911 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $155.71, for a total transaction of $764,691.81. Following the completion of the transaction, the director now owns 6,193 shares of the company’s stock, valued at $964,312.03. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,938 shares of company stock worth $4,081,305. Insiders own 3.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in KWR. Flinton Capital Management LLC raised its holdings in Quaker Chemical by 29.7% in the 2nd quarter. Flinton Capital Management LLC now owns 768 shares of the specialty chemicals company’s stock worth $111,000 after acquiring an additional 176 shares during the last quarter. Riverhead Capital Management LLC raised its stake in Quaker Chemical by 55.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 932 shares of the specialty chemicals company’s stock valued at $135,000 after buying an additional 332 shares during the last quarter. Advisor Group Inc. raised its stake in Quaker Chemical by 15.6% during the 2nd quarter. Advisor Group Inc. now owns 954 shares of the specialty chemicals company’s stock valued at $139,000 after buying an additional 129 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in Quaker Chemical during the 2nd quarter valued at $212,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Quaker Chemical during the 2nd quarter valued at $246,000. Institutional investors own 86.70% of the company’s stock.

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Quaker Chemical Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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