CX Institutional Has $89,000 Position in Quaker Houghton $KWR

CX Institutional cut its stake in Quaker Houghton (NYSE:KWR) by 98.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 673 shares of the specialty chemicals company’s stock after selling 58,919 shares during the quarter. CX Institutional’s holdings in Quaker Houghton were worth $89,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of KWR. TD Waterhouse Canada Inc. acquired a new position in Quaker Houghton in the 2nd quarter worth about $30,000. EverSource Wealth Advisors LLC increased its holdings in Quaker Houghton by 284.8% in the second quarter. EverSource Wealth Advisors LLC now owns 304 shares of the specialty chemicals company’s stock worth $34,000 after buying an additional 225 shares during the last quarter. Osaic Holdings Inc. raised its position in Quaker Houghton by 54.4% during the second quarter. Osaic Holdings Inc. now owns 673 shares of the specialty chemicals company’s stock valued at $76,000 after acquiring an additional 237 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Quaker Houghton in the second quarter valued at approximately $78,000. Finally, GAMMA Investing LLC grew its position in Quaker Houghton by 151.2% in the second quarter. GAMMA Investing LLC now owns 912 shares of the specialty chemicals company’s stock worth $102,000 after acquiring an additional 549 shares in the last quarter. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KWR. Weiss Ratings restated a “sell (d)” rating on shares of Quaker Houghton in a report on Wednesday, October 8th. Wall Street Zen raised Quaker Houghton from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Royal Bank Of Canada increased their target price on Quaker Houghton from $149.00 to $171.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Finally, Zacks Research raised shares of Quaker Houghton from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $152.33.

Quaker Houghton Price Performance

Shares of KWR stock opened at $151.59 on Tuesday. The stock’s fifty day simple moving average is $138.43 and its 200 day simple moving average is $133.80. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.47 and a quick ratio of 1.77. Quaker Houghton has a one year low of $95.91 and a one year high of $153.32. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of -309.36, a P/E/G ratio of 1.41 and a beta of 1.33.

Quaker Houghton (NYSE:KWR) last announced its earnings results on Thursday, October 30th. The specialty chemicals company reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.14. The company had revenue of $493.84 million for the quarter, compared to analyst estimates of $475.06 million. Quaker Houghton had a negative net margin of 0.48% and a positive return on equity of 8.64%. Quaker Houghton’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.89 earnings per share. On average, analysts expect that Quaker Houghton will post 7.75 earnings per share for the current fiscal year.

Quaker Houghton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a dividend of $0.508 per share. This represents a $2.03 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, January 16th. Quaker Houghton’s dividend payout ratio (DPR) is presently -414.29%.

Quaker Houghton Profile

Quaker Houghton is a global provider of process fluids, chemical specialties and sustainable solutions for industrial applications. The company develops and supplies metalworking fluids, coatings, and corrosion inhibitors, as well as heat transfer, lubrication and additive products designed to improve productivity and extend equipment life. Its portfolio addresses a range of end markets including automotive, aerospace, defense, energy, mining, agriculture and heavy industry.

The company traces its roots back to the founding of Quaker Chemical Corporation in 1918 and Houghton International in 1865.