A number of other equities research analysts have also issued reports on KWR. Janney Montgomery Scott raised Quaker Chemical from a neutral rating to a buy rating in a research note on Friday, June 7th. Zacks Investment Research lowered ExlService from a hold rating to a sell rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $187.25.
KWR stock opened at $186.72 on Thursday. Quaker Chemical has a 1 year low of $155.40 and a 1 year high of $224.30. The company has a current ratio of 2.65, a quick ratio of 2.02 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $194.35. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 30.71, a P/E/G ratio of 2.50 and a beta of 1.55.
Quaker Chemical (NYSE:KWR) last posted its earnings results on Thursday, May 2nd. The specialty chemicals company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.01. Quaker Chemical had a return on equity of 18.73% and a net margin of 6.99%. The firm had revenue of $211.20 million for the quarter, compared to analyst estimates of $213.99 million. During the same quarter in the prior year, the company earned $1.41 EPS. Quaker Chemical’s revenue was down .4% on a year-over-year basis. On average, analysts anticipate that Quaker Chemical will post 6.8 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a $0.385 dividend. The ex-dividend date of this dividend is Tuesday, July 16th. This is an increase from Quaker Chemical’s previous quarterly dividend of $0.37. This represents a $1.54 annualized dividend and a yield of 0.82%. Quaker Chemical’s payout ratio is 24.50%.
In other Quaker Chemical news, Director Donald R. Caldwell sold 250 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $201.65, for a total value of $50,412.50. Following the completion of the transaction, the director now directly owns 5,071 shares in the company, valued at approximately $1,022,567.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.90% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Belpointe Asset Management LLC bought a new position in shares of Quaker Chemical during the first quarter worth about $102,000. Sheets Smith Wealth Management bought a new position in shares of Quaker Chemical during the first quarter worth about $479,000. O Shaughnessy Asset Management LLC lifted its position in shares of Quaker Chemical by 69.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,623 shares of the specialty chemicals company’s stock worth $1,520,000 after purchasing an additional 3,133 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Quaker Chemical by 7.1% during the first quarter. Envestnet Asset Management Inc. now owns 25,156 shares of the specialty chemicals company’s stock worth $5,039,000 after purchasing an additional 1,668 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Quaker Chemical by 0.5% during the first quarter. PNC Financial Services Group Inc. now owns 11,664 shares of the specialty chemicals company’s stock worth $2,336,000 after purchasing an additional 58 shares during the last quarter. Institutional investors own 98.29% of the company’s stock.
Quaker Chemical Company Profile
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. The company's products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.
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