Bryn Mawr Trust Advisors LLC Buys New Stake in Quaker Houghton $KWR

Bryn Mawr Trust Advisors LLC purchased a new stake in Quaker Houghton (NYSE:KWR) during the second quarter, according to its most recent filing with the SEC. The fund purchased 2,966 shares of the specialty chemicals company’s stock, valued at approximately $471,000.

Several other hedge funds have also bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Quaker Houghton during the fourth quarter valued at about $27,000. Farther Finance Advisors LLC increased its holdings in shares of Quaker Houghton by 165.0% in the fourth quarter. Farther Finance Advisors LLC now owns 273 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 170 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Quaker Houghton by 284.8% in the second quarter. EverSource Wealth Advisors LLC now owns 304 shares of the specialty chemicals company’s stock worth $34,000 after buying an additional 225 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Quaker Houghton by 556.9% in the fourth quarter. Global Retirement Partners LLC now owns 335 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 284 shares in the last quarter. Finally, First Horizon Corp boosted its stake in Quaker Houghton by 123.3% during the fourth quarter. First Horizon Corp now owns 355 shares of the specialty chemicals company’s stock valued at $49,000 after buying an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Wall Street Analysts Forecast Growth

KWR has been the subject of several research analyst reports. Wall Street Zen upgraded Quaker Houghton from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Zacks Research raised Quaker Houghton from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Weiss Ratings upgraded Quaker Houghton from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Seaport Research Partners raised shares of Quaker Houghton from a “neutral” rating to a “buy” rating and set a $175.00 target price for the company in a report on Friday, April 17th. Finally, Truist Financial restated a “buy” rating and issued a $190.00 price target (up from $172.00) on shares of Quaker Houghton in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $187.67.

Insider Activity at Quaker Houghton

In other Quaker Houghton news, EVP Jeewat Bijlani sold 731 shares of Quaker Houghton stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $145.77, for a total transaction of $106,557.87. Following the completion of the transaction, the executive vice president directly owned 6,748 shares of the company’s stock, valued at $983,655.96. The trade was a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William H. Osborne sold 600 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $168.31, for a total transaction of $100,986.00. Following the transaction, the director owned 616 shares in the company, valued at $103,678.96. This trade represents a 49.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.00% of the company’s stock.

Quaker Houghton Stock Down 0.5%

Shares of NYSE:KWR opened at $170.65 on Friday. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 1.22 and a beta of 1.40. Quaker Houghton has a 12 month low of $112.18 and a 12 month high of $183.01. The company has a current ratio of 2.46, a quick ratio of 1.70 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average price of $155.13 and a 200 day moving average price of $146.71.

Quaker Houghton (NYSE:KWR) last issued its quarterly earnings data on Thursday, July 30th. The specialty chemicals company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.53. Quaker Houghton had a return on equity of 9.55% and a net margin of 4.94%.The company had revenue of $532.55 million for the quarter, compared to analysts’ expectations of $504.63 million. During the same period in the previous year, the firm posted $1.71 earnings per share. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities research analysts predict that Quaker Houghton will post 7.72 earnings per share for the current year.

Quaker Houghton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a $0.53 dividend. This is a positive change from Quaker Houghton’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, October 16th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.2%. Quaker Houghton’s dividend payout ratio (DPR) is presently 36.19%.

Quaker Houghton declared that its board has approved a share repurchase program on Wednesday, May 13th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the specialty chemicals company to purchase up to 10.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

About Quaker Houghton

Quaker Houghton is a global provider of process fluids, chemical specialties and sustainable solutions for industrial applications. The company develops and supplies metalworking fluids, coatings, and corrosion inhibitors, as well as heat transfer, lubrication and additive products designed to improve productivity and extend equipment life. Its portfolio addresses a range of end markets including automotive, aerospace, defense, energy, mining, agriculture and heavy industry.

The company traces its roots back to the founding of Quaker Chemical Corporation in 1918 and Houghton International in 1865.