Quaker Chemical (NYSE:KWR) Downgraded by ValuEngine to “Hold”
A number of other equities research analysts also recently weighed in on the company. Janney Montgomery Scott raised Quaker Chemical from a neutral rating to a buy rating in a report on Friday, June 7th. Zacks Investment Research downgraded ExlService from a hold rating to a sell rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $187.25.
KWR stock traded up $2.78 during trading on Thursday, reaching $185.79. 713 shares of the stock were exchanged, compared to its average volume of 95,340. Quaker Chemical has a twelve month low of $155.40 and a twelve month high of $224.30. The firm has a market capitalization of $2.48 billion, a P/E ratio of 30.71, a P/E/G ratio of 2.48 and a beta of 1.55. The business’s 50 day simple moving average is $194.45. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.65 and a quick ratio of 2.02.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 0.83%. This is an increase from Quaker Chemical’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Tuesday, July 16th. Quaker Chemical’s payout ratio is presently 24.50%.
In other Quaker Chemical news, Director Donald R. Caldwell sold 250 shares of Quaker Chemical stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $201.65, for a total transaction of $50,412.50. Following the sale, the director now directly owns 5,071 shares of the company’s stock, valued at $1,022,567.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in KWR. Prudential Financial Inc. boosted its holdings in shares of Quaker Chemical by 0.6% in the 4th quarter. Prudential Financial Inc. now owns 22,670 shares of the specialty chemicals company’s stock worth $4,029,000 after acquiring an additional 141 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Quaker Chemical in the 4th quarter worth approximately $371,000. Raymond James & Associates boosted its holdings in shares of Quaker Chemical by 76.8% in the 4th quarter. Raymond James & Associates now owns 36,114 shares of the specialty chemicals company’s stock worth $6,418,000 after acquiring an additional 15,683 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of Quaker Chemical by 23.8% in the 4th quarter. Advisor Group Inc. now owns 1,432 shares of the specialty chemicals company’s stock worth $254,000 after acquiring an additional 275 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of Quaker Chemical by 7.0% in the 4th quarter. Citigroup Inc. now owns 8,568 shares of the specialty chemicals company’s stock worth $1,523,000 after acquiring an additional 564 shares in the last quarter. 98.29% of the stock is currently owned by institutional investors and hedge funds.
About Quaker Chemical
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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