Quaker Chemical Corporation (NYSE:KWR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Quaker Chemical Corp. develops, produces, and markets a broad range of formulated chemical specialty products for various heavy industrial and manufacturing applications and, in addition, offers and markets chemical management services. Quaker’s principal products and services include: rolling lubricants, corrosion preventives, metal finishing compounds, machining and grinding compounds, forming compounds, hydraulic fluids, technology for the removal of hydrogen sulfide, chemical milling maskants, construction products and programs to provide chemical management services. “

Other analysts have also recently issued research reports about the stock. B. Riley reiterated a “neutral” rating on shares of Quaker Chemical Corporation in a research note on Wednesday, November 1st. BidaskClub cut shares of Quaker Chemical Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. FBR & Co set a $165.00 price target on shares of Quaker Chemical Corporation and gave the company a “hold” rating in a research note on Friday, October 27th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $153.00 price target on shares of Quaker Chemical Corporation in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Quaker Chemical Corporation presently has an average rating of “Hold” and a consensus price target of $163.00.

Quaker Chemical Corporation (KWR) opened at $162.35 on Thursday. Quaker Chemical Corporation has a 1-year low of $106.40 and a 1-year high of $164.01. The company has a market cap of $2,163.13, a price-to-earnings ratio of 32.47, a P/E/G ratio of 2.96 and a beta of 1.36. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 0.16.

Quaker Chemical Corporation (NYSE:KWR) last announced its earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.06. Quaker Chemical Corporation had a net margin of 5.93% and a return on equity of 15.43%. The business had revenue of $212.90 million during the quarter, compared to analysts’ expectations of $200.71 million. During the same quarter in the prior year, the company posted $1.25 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. analysts forecast that Quaker Chemical Corporation will post 4.99 EPS for the current fiscal year.

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In other Quaker Chemical Corporation news, VP L Wilbert Platzer sold 1,000 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $156.75, for a total value of $156,750.00. Following the completion of the sale, the vice president now owns 5,810 shares in the company, valued at $910,717.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Adrian Steeples sold 4,911 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $155.71, for a total transaction of $764,691.81. Following the completion of the sale, the director now owns 6,193 shares of the company’s stock, valued at approximately $964,312.03. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,515 shares of company stock valued at $2,370,087. Corporate insiders own 3.60% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Quaker Chemical Corporation by 82,132.2% in the first quarter. BlackRock Inc. now owns 1,568,991 shares of the specialty chemicals company’s stock valued at $206,573,000 after purchasing an additional 1,567,083 shares during the period. Vanguard Group Inc. raised its position in shares of Quaker Chemical Corporation by 1.3% in the second quarter. Vanguard Group Inc. now owns 1,187,965 shares of the specialty chemicals company’s stock valued at $172,528,000 after purchasing an additional 15,174 shares during the period. Neuberger Berman Group LLC raised its position in shares of Quaker Chemical Corporation by 6.5% in the second quarter. Neuberger Berman Group LLC now owns 610,234 shares of the specialty chemicals company’s stock valued at $88,624,000 after purchasing an additional 37,365 shares during the period. JPMorgan Chase & Co. raised its position in shares of Quaker Chemical Corporation by 6.5% in the second quarter. JPMorgan Chase & Co. now owns 543,906 shares of the specialty chemicals company’s stock valued at $78,991,000 after purchasing an additional 33,085 shares during the period. Finally, State Street Corp raised its position in shares of Quaker Chemical Corporation by 4.7% in the second quarter. State Street Corp now owns 327,387 shares of the specialty chemicals company’s stock valued at $47,550,000 after purchasing an additional 14,687 shares during the period. 82.92% of the stock is currently owned by institutional investors.

About Quaker Chemical Corporation

Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others. The Company’s segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.

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