Quaker Houghton (NYSE:KWR) Price Target Cut to $151.00 by Analysts at Royal Bank Of Canada

Quaker Houghton (NYSE:KWR) had its price target trimmed by Royal Bank Of Canada from $184.00 to $151.00 in a report issued on Friday morning, MarketBeat Ratings reports. They currently have an outperform rating on the specialty chemicals company’s stock.

A number of other research firms also recently weighed in on KWR. Zacks Research downgraded shares of Quaker Houghton from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Wall Street Zen downgraded shares of Quaker Houghton from a “buy” rating to a “hold” rating in a report on Sunday, April 12th. Jefferies Financial Group decreased their target price on shares of Quaker Houghton from $203.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Finally, Seaport Research Partners raised shares of Quaker Houghton from a “neutral” rating to a “buy” rating and set a $175.00 target price on the stock in a research note on Friday, April 17th. Three analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $163.00.

Quaker Houghton Price Performance

Shares of Quaker Houghton stock opened at $141.05 on Friday. The firm has a fifty day moving average price of $135.77 and a two-hundred day moving average price of $140.51. Quaker Houghton has a fifty-two week low of $99.18 and a fifty-two week high of $183.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.42 and a quick ratio of 1.72. The company has a market cap of $2.44 billion, a PE ratio of -1,175.28, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43.

Quaker Houghton (NYSE:KWR) last posted its quarterly earnings results on Monday, February 23rd. The specialty chemicals company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.06). The firm had revenue of $468.48 million during the quarter, compared to analyst estimates of $465.17 million. Quaker Houghton had a negative net margin of 0.13% and a positive return on equity of 8.99%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $1.33 EPS. Analysts expect that Quaker Houghton will post 7.99 EPS for the current year.

Quaker Houghton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be issued a dividend of $0.508 per share. This represents a $2.03 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, April 16th. Quaker Houghton’s dividend payout ratio is presently -1,691.67%.

Institutional Trading of Quaker Houghton

A number of hedge funds and other institutional investors have recently modified their holdings of KWR. Kohmann Bosshard Financial Services LLC bought a new position in Quaker Houghton in the 4th quarter valued at $27,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Quaker Houghton during the third quarter valued at $28,000. EverSource Wealth Advisors LLC boosted its holdings in Quaker Houghton by 284.8% in the second quarter. EverSource Wealth Advisors LLC now owns 304 shares of the specialty chemicals company’s stock valued at $34,000 after acquiring an additional 225 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Quaker Houghton by 165.0% in the fourth quarter. Farther Finance Advisors LLC now owns 273 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 170 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Quaker Houghton by 87.1% in the third quarter. Smartleaf Asset Management LLC now owns 348 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 77.46% of the company’s stock.

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.