Quaker Chemical (NYSE:KWR) Stock Price Down 3.2% on Analyst Downgrade

Quaker Chemical Co. (NYSE:KWR) traded down 3.2% during mid-day trading on Wednesday after Piper Sandler lowered their price target on the stock from $170.00 to $140.00. Piper Sandler currently has a neutral rating on the stock. Quaker Chemical traded as low as $119.68 and last traded at $119.72. 15,598 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 154,804 shares. The stock had previously closed at $123.67.

KWR has been the topic of a number of other research reports. StockNews.com downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Royal Bank of Canada reduced their target price on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KWR. Raymond James Financial Inc. acquired a new stake in shares of Quaker Chemical in the 4th quarter valued at $28,978,000. JPMorgan Chase & Co. boosted its stake in Quaker Chemical by 19.2% in the fourth quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company’s stock valued at $106,870,000 after buying an additional 122,494 shares in the last quarter. Royce & Associates LP grew its position in Quaker Chemical by 27.8% in the fourth quarter. Royce & Associates LP now owns 555,219 shares of the specialty chemicals company’s stock valued at $78,153,000 after acquiring an additional 120,916 shares during the last quarter. Norges Bank acquired a new position in Quaker Chemical during the fourth quarter worth about $13,399,000. Finally, Marshall Wace LLP lifted its holdings in shares of Quaker Chemical by 92.3% in the fourth quarter. Marshall Wace LLP now owns 187,715 shares of the specialty chemicals company’s stock worth $26,423,000 after acquiring an additional 90,078 shares during the last quarter. 77.46% of the stock is owned by institutional investors.

Quaker Chemical Trading Up 0.6 %

The business’s 50 day moving average price is $135.89 and its two-hundred day moving average price is $148.14. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 18.23, a P/E/G ratio of 1.62 and a beta of 1.43. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR) last posted its earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.29). The company had revenue of $444.09 million for the quarter, compared to the consensus estimate of $430.47 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. During the same period in the previous year, the firm posted $1.78 EPS. On average, equities analysts predict that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.485 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.94 dividend on an annualized basis and a yield of 1.56%. Quaker Chemical’s payout ratio is presently 29.80%.

About Quaker Chemical

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.