Harbor Capital Advisors Inc. Sells 9,038 Shares of Quaker Houghton $KWR

Harbor Capital Advisors Inc. cut its holdings in Quaker Houghton (NYSE:KWR) by 77.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,689 shares of the specialty chemicals company’s stock after selling 9,038 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Quaker Houghton were worth $354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. bought a new stake in Quaker Houghton during the 2nd quarter worth about $30,000. EverSource Wealth Advisors LLC raised its stake 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 acquiring an additional 225 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Quaker Houghton by 54.4% during the second quarter. Osaic Holdings Inc. now owns 673 shares of the specialty chemicals company’s stock worth $76,000 after purchasing an additional 237 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Quaker Houghton during the second quarter valued at approximately $78,000. Finally, GAMMA Investing LLC grew its stake in shares of Quaker Houghton by 151.2% during the second quarter. GAMMA Investing LLC now owns 912 shares of the specialty chemicals company’s stock valued at $102,000 after purchasing an additional 549 shares during the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Wall Street Analyst Weigh In

KWR has been the topic of several research reports. Royal Bank Of Canada upped their price objective on Quaker Houghton from $149.00 to $171.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Quaker Houghton in a research report on Wednesday, October 8th. Zacks Research raised Quaker Houghton from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Finally, Wall Street Zen upgraded Quaker Houghton from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $152.33.

Quaker Houghton Stock Performance

Shares of Quaker Houghton stock opened at $143.77 on Tuesday. The firm has a fifty day moving average of $136.34 and a two-hundred day moving average of $131.76. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.77 and a current ratio of 2.47. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of -293.41, a PEG ratio of 1.63 and a beta of 1.33. Quaker Houghton has a 52 week low of $95.91 and a 52 week high of $148.80.

Quaker Houghton (NYSE:KWR) last announced its quarterly earnings data on Thursday, October 30th. The specialty chemicals company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.14. The business had revenue of $493.84 million during the quarter, compared to analysts’ expectations of $475.06 million. Quaker Houghton had a positive return on equity of 8.64% and a negative net margin of 0.48%.The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.89 earnings per share. As a group, equities research analysts predict that Quaker Houghton will post 7.75 EPS for the current year.

Quaker Houghton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a $0.508 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $2.03 dividend on an annualized basis and a dividend yield of 1.4%. Quaker Houghton’s dividend payout ratio is -414.29%.

Quaker Houghton Profile

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.