Piper Sandler Cuts Quaker Chemical (NYSE:KWR) Price Target to $140.00

Quaker Chemical (NYSE:KWR) had its price target decreased by Piper Sandler from $170.00 to $140.00 in a research note published on Wednesday,Benzinga reports. Piper Sandler currently has a neutral rating on the specialty chemicals company’s stock.

A number of other equities analysts have also weighed in on the company. Royal Bank of Canada lowered their price objective on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. StockNews.com cut shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th.

Quaker Chemical Price Performance

Shares of NYSE KWR opened at $106.09 on Wednesday. The firm has a 50-day simple moving average of $134.67 and a 200-day simple moving average of $147.47. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 1.62 and a beta of 1.44. Quaker Chemical has a 52 week low of $104.25 and a 52 week high of $201.18.

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

Quaker Chemical Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Wednesday, April 16th. Quaker Chemical’s dividend payout ratio is presently 29.80%.

Institutional Investors Weigh In On Quaker Chemical

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of Quaker Chemical during the 4th quarter worth about $28,978,000. JPMorgan Chase & Co. boosted its stake in Quaker Chemical by 19.2% during the fourth quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company’s stock worth $106,870,000 after buying an additional 122,494 shares during the period. Royce & Associates LP increased its position in shares of Quaker Chemical by 27.8% during 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 purchased a new stake in shares of Quaker Chemical in the 4th quarter valued at approximately $13,399,000. Finally, Marshall Wace LLP lifted its holdings in shares of Quaker Chemical by 92.3% in the 4th 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. Hedge funds and other institutional investors own 77.46% of the company’s stock.

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.