Quaker Chemical’s (KWR) Neutral Rating Reaffirmed at Piper Sandler

Piper Sandler restated their neutral rating on shares of Quaker Chemical (NYSE:KWR) in a report published on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $170.00 price objective on the specialty chemicals company’s stock, down from their previous price objective of $200.00.

A number of other brokerages have also recently issued reports on KWR. StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Royal Bank of Canada decreased their price target on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a report on Monday, November 4th.

Quaker Chemical Stock Performance

NYSE:KWR opened at $132.52 on Tuesday. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.84 and a beta of 1.39. Quaker Chemical has a fifty-two week low of $131.49 and a fifty-two week high of $207.83. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The stock has a fifty day moving average price of $154.40 and a 200-day moving average price of $162.53.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.19). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm had revenue of $462.27 million for the quarter, compared to the consensus estimate of $469.17 million. During the same period in the prior year, the company earned $2.05 EPS. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that Quaker Chemical will post 7.78 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.485 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.94 dividend on an annualized basis and a yield of 1.46%. Quaker Chemical’s dividend payout ratio is currently 28.45%.

Insiders Place Their Bets

In other news, EVP Jeewat Bijlani sold 645 shares of Quaker Chemical stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $165.98, for a total transaction of $107,057.10. Following the sale, the executive vice president now directly owns 4,747 shares of the company’s stock, valued at approximately $787,907.06. This trade represents a 11.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP David Slinkman sold 1,700 shares of Quaker Chemical stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $167.80, for a total transaction of $285,260.00. Following the sale, the senior vice president now owns 2,825 shares in the company, valued at approximately $474,035. This represents a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Quaker Chemical

Large investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. increased its stake in Quaker Chemical by 112.8% in the third quarter. Harbor Capital Advisors Inc. now owns 8,903 shares of the specialty chemicals company’s stock valued at $1,500,000 after purchasing an additional 4,720 shares in the last quarter. Cerity Partners LLC raised its stake in Quaker Chemical by 485.5% during the 3rd quarter. Cerity Partners LLC now owns 64,631 shares of the specialty chemicals company’s stock worth $10,890,000 after buying an additional 53,592 shares during the period. Seizert Capital Partners LLC boosted its holdings in Quaker Chemical by 122.7% in the third quarter. Seizert Capital Partners LLC now owns 20,067 shares of the specialty chemicals company’s stock worth $3,381,000 after acquiring an additional 11,058 shares in the last quarter. ProShare Advisors LLC grew its stake in Quaker Chemical by 68.3% in the second quarter. ProShare Advisors LLC now owns 67,812 shares of the specialty chemicals company’s stock valued at $11,508,000 after acquiring an additional 27,514 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Quaker Chemical by 37.4% during the second quarter. Renaissance Technologies LLC now owns 21,300 shares of the specialty chemicals company’s stock valued at $3,615,000 after acquiring an additional 5,800 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors and hedge funds.

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.