Quaker Houghton (NYSE:KWR) Reaches New 1-Year High – Should You Buy?

Shares of Quaker Houghton (NYSE:KWR) reached a new 52-week high on Wednesday . The stock traded as high as $183.01 and last traded at $179.9150, with a volume of 12458 shares traded. The stock had previously closed at $180.57.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KWR shares. Zacks Research raised Quaker Houghton from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Royal Bank Of Canada restated an “outperform” rating and set a $190.00 price target on shares of Quaker Houghton in a report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of Quaker Houghton from a “buy” rating to a “hold” rating in a research report on Saturday, January 24th. 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $158.67.

Quaker Houghton Trading Down 1.0%

The firm has a market cap of $3.10 billion, a price-to-earnings ratio of -365.82, a P/E/G ratio of 1.69 and a beta of 1.35. The firm’s 50-day moving average is $153.50 and its 200-day moving average is $141.52. The company has a current ratio of 2.47, a quick ratio of 1.77 and a debt-to-equity ratio of 0.61.

Institutional Trading of Quaker Houghton

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC bought a new stake in Quaker Houghton during the fourth quarter worth $27,000. Aster Capital Management DIFC Ltd purchased a new position in Quaker Houghton during the 3rd quarter worth $28,000. TD Waterhouse Canada Inc. bought a new stake in shares of Quaker Houghton in the 2nd quarter worth $30,000. EverSource Wealth Advisors LLC lifted its position in shares of Quaker Houghton by 284.8% during the second quarter. EverSource Wealth Advisors LLC now owns 304 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 225 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Quaker Houghton by 165.0% during 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. 77.46% of the stock is owned by institutional investors.

Quaker Houghton Company 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.