Quaker Chemical (NYSE:KWR) had its price objective raised by Sidoti from $151.00 to $176.00 in a research report sent to investors on Wednesday morning. They currently have a neutral rating on the specialty chemicals company’s stock.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Quaker Chemical from a hold rating to a buy rating and set a $211.00 target price on the stock in a report on Tuesday, September 11th. B. Riley set a $170.00 target price on Quaker Chemical and gave the stock a hold rating in a report on Tuesday, July 31st. Finally, Janney Montgomery Scott initiated coverage on Quaker Chemical in a report on Friday, July 13th. They issued a neutral rating and a $170.00 target price on the stock. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Quaker Chemical presently has an average rating of Hold and an average price target of $177.00.
Shares of NYSE KWR traded up $2.25 during mid-day trading on Wednesday, reaching $189.90. The company had a trading volume of 116,055 shares, compared to its average volume of 51,078. The company has a quick ratio of 2.15, a current ratio of 2.78 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 37.90, a PEG ratio of 3.05 and a beta of 1.31. Quaker Chemical has a 1-year low of $137.95 and a 1-year high of $204.49.
Quaker Chemical (NYSE:KWR) last issued its earnings results on Monday, July 30th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.13. The business had revenue of $221.96 million for the quarter, compared to analysts’ expectations of $214.72 million. Quaker Chemical had a return on equity of 17.27% and a net margin of 3.89%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 EPS. As a group, analysts anticipate that Quaker Chemical will post 6.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 17th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, October 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.78%. Quaker Chemical’s dividend payout ratio is 29.54%.
In other news, VP D Jeffry Benoliel sold 2,000 shares of Quaker Chemical stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $167.93, for a total transaction of $335,860.00. Following the transaction, the vice president now owns 11,531 shares in the company, valued at $1,936,400.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joseph A. Berquist sold 500 shares of Quaker Chemical stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $170.84, for a total value of $85,420.00. Following the transaction, the vice president now owns 11,411 shares in the company, valued at approximately $1,949,455.24. The disclosure for this sale can be found here. Insiders have sold 8,491 shares of company stock worth $1,481,629 in the last quarter. 3.20% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KWR. Advisors Asset Management Inc. boosted its position in Quaker Chemical by 22,999.3% during the second quarter. Advisors Asset Management Inc. now owns 821,411 shares of the specialty chemicals company’s stock valued at $520,000 after purchasing an additional 817,855 shares during the last quarter. BlackRock Inc. boosted its position in Quaker Chemical by 7.2% during the second quarter. BlackRock Inc. now owns 1,810,056 shares of the specialty chemicals company’s stock valued at $280,323,000 after purchasing an additional 120,989 shares during the last quarter. Mainstay Capital Management LLC ADV acquired a new stake in Quaker Chemical during the second quarter valued at $721,000. Macquarie Group Ltd. boosted its position in Quaker Chemical by 11.2% during the second quarter. Macquarie Group Ltd. now owns 275,731 shares of the specialty chemicals company’s stock valued at $42,702,000 after purchasing an additional 27,824 shares during the last quarter. Finally, Standard Life Aberdeen plc boosted its position in Quaker Chemical by 5.7% during the second quarter. Standard Life Aberdeen plc now owns 363,345 shares of the specialty chemicals company’s stock valued at $56,306,000 after purchasing an additional 19,711 shares during the last quarter. 98.16% of the stock is owned by hedge funds and other institutional investors.
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. Its 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.
Read More: What factors cause inflation to rise?
Receive News & Ratings for Quaker Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quaker Chemical and related companies with MarketBeat.com's FREE daily email newsletter.