Quaker Chemical (NYSE:KWR) Shares Down 4.7%

Quaker Chemical Co. (NYSE:KWR) shares were down 4.7% on Friday . The stock traded as low as $183.64 and last traded at $183.64. Approximately 12,120 shares traded hands during trading, a decline of 85% from the average daily volume of 78,729 shares. The stock had previously closed at $192.70.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KWR. StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. Royal Bank of Canada lifted their price target on Quaker Chemical from $200.00 to $223.00 and gave the company an “outperform” rating in a research note on Monday, March 4th.

Quaker Chemical Stock Down 3.7 %

The firm has a market cap of $3.34 billion, a PE ratio of 28.24, a PEG ratio of 1.49 and a beta of 1.48. The business’s 50 day moving average price is $196.72 and its 200 day moving average price is $189.85. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.52 and a quick ratio of 1.89.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Thursday, May 2nd. The specialty chemicals company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.97 by $0.12. Quaker Chemical had a return on equity of 10.42% and a net margin of 6.16%. The firm had revenue of $469.76 million during the quarter, compared to analysts’ expectations of $494.53 million. During the same period in the previous year, the business earned $1.89 earnings per share. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, equities research analysts expect that Quaker Chemical Co. will post 8.69 earnings per share for the current year.

Quaker Chemical Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were issued a $0.455 dividend. The ex-dividend date of this dividend was Monday, April 15th. This represents a $1.82 dividend on an annualized basis and a yield of 0.98%. Quaker Chemical’s payout ratio is 27.70%.

Quaker Chemical declared that its board has authorized a share buyback program on Wednesday, February 28th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the specialty chemicals company to reacquire up to 4.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of KWR. Fidelis Capital Partners LLC acquired a new position in Quaker Chemical in the 1st quarter valued at about $25,000. SRS Capital Advisors Inc. increased its stake in Quaker Chemical by 345.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 165 shares of the specialty chemicals company’s stock worth $35,000 after acquiring an additional 128 shares during the last quarter. Mather Group LLC. purchased a new stake in Quaker Chemical in the first quarter valued at $41,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Quaker Chemical in the 4th quarter valued at $50,000. Finally, Strs Ohio raised its holdings in Quaker Chemical by 50.0% in the 4th quarter. Strs Ohio now owns 300 shares of the specialty chemicals company’s stock valued at $64,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 77.46% of the company’s stock.

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.