Heartland Advisors Inc. Has $11.91 Million Stake in Quaker Houghton $KWR

Heartland Advisors Inc. lifted its position in shares of Quaker Houghton (NYSE:KWR) by 9.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,383 shares of the specialty chemicals company’s stock after buying an additional 7,774 shares during the quarter. Heartland Advisors Inc.’s holdings in Quaker Houghton were worth $11,908,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. F m Investments LLC grew its holdings in Quaker Houghton by 0.6% during the 2nd quarter. F m Investments LLC now owns 12,592 shares of the specialty chemicals company’s stock worth $1,410,000 after acquiring an additional 81 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of Quaker Houghton by 7.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,650 shares of the specialty chemicals company’s stock valued at $204,000 after purchasing an additional 109 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in Quaker Houghton by 1.7% during the second quarter. Orion Porfolio Solutions LLC now owns 7,224 shares of the specialty chemicals company’s stock worth $809,000 after purchasing an additional 123 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Quaker Houghton by 2.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,353 shares of the specialty chemicals company’s stock worth $711,000 after purchasing an additional 124 shares in the last quarter. Finally, Stonegate Investment Group LLC lifted its stake in Quaker Houghton by 6.9% in the third quarter. Stonegate Investment Group LLC now owns 2,073 shares of the specialty chemicals company’s stock valued at $273,000 after buying an additional 133 shares during the period. Institutional investors and hedge funds own 77.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wall Street Zen downgraded shares of Quaker Houghton from a “buy” rating to a “hold” rating in a research report on Saturday, January 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $190.00 price target on shares of Quaker Houghton in a research note on Wednesday, January 21st. Finally, Zacks Research raised Quaker Houghton from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Quaker Houghton currently has a consensus rating of “Hold” and an average price target of $158.67.

Quaker Houghton Stock Up 0.9%

Shares of NYSE KWR opened at $179.11 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.47 and a quick ratio of 1.77. The stock has a market capitalization of $3.11 billion, a PE ratio of -365.54, a P/E/G ratio of 1.69 and a beta of 1.35. Quaker Houghton has a one year low of $95.91 and a one year high of $182.58. The business’s fifty day moving average price is $152.56 and its 200-day moving average price is $141.07.

Quaker Houghton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were given a dividend of $0.508 per share. This represents a $2.03 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, January 16th. Quaker Houghton’s dividend payout ratio (DPR) is currently -414.29%.

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.