Quaker Houghton (NYSE:KWR) Stock Rating Lowered by Zacks Research

Quaker Houghton (NYSE:KWR) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

Other research analysts have also issued reports about the stock. Weiss Ratings raised shares of Quaker Houghton from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Royal Bank Of Canada boosted their target price on shares of Quaker Houghton from $198.00 to $202.00 and gave the stock an “outperform” rating in a research report on Thursday, October 15th. Truist Financial restated a “buy” rating and issued a $190.00 target price (up from $172.00) on shares of Quaker Houghton in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Quaker Houghton from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, August 25th. Finally, Wall Street Zen raised shares of Quaker Houghton from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $188.00.

Quaker Houghton Trading Up 1.7%

Shares of KWR opened at $157.50 on Monday. Quaker Houghton has a 12-month low of $112.18 and a 12-month high of $183.01. The business’s fifty day moving average is $159.39 and its 200 day moving average is $150.37.

Quaker Houghton (NYSE:KWR) last posted its quarterly earnings results on Thursday, July 30th. The specialty chemicals company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.53. The business had revenue of $532.55 million during the quarter, compared to analyst estimates of $504.63 million. During the same period in the previous year, the business posted $1.71 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities research analysts expect that Quaker Houghton will post 7.85 EPS for the current fiscal year.

Insider Transactions at Quaker Houghton

In other news, Director William Osborne sold 600 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $168.31, for a total transaction of $100,986.00. Following the completion of the sale, the director directly owned 616 shares of the company’s stock, valued at $103,678.96. This trade represents a 49.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Quaker Houghton

Hedge funds have recently made changes to their positions in the business. American Capital Management Inc. purchased a new position in shares of Quaker Houghton during the 2nd quarter valued at $4,334,000. Corient Private Wealth LP bought a new position in shares of Quaker Houghton during the 2nd quarter worth $706,000. Bank of America Corp DE purchased a new stake in Quaker Houghton in the 2nd quarter worth about $37,045,000. The Manufacturers Life Insurance Company purchased a new stake in Quaker Houghton in the 2nd quarter worth about $1,087,000. Finally, Sei Investments Co. increased its holdings in Quaker Houghton by 35.9% in the 1st quarter. Sei Investments Co. now owns 69,636 shares of the specialty chemicals company’s stock worth $8,651,000 after acquiring an additional 18,405 shares during the last quarter. 77.46% of the stock is currently owned by institutional investors.

Quaker Houghton Company Profile

Quaker Houghton (NYSE:KWR) is a global provider of industrial process fluids and chemical products used in manufacturing and other heavy industries. The company develops, produces and supplies fluids, lubricants, cleaners, corrosion preventives and specialty chemical solutions designed to support metalworking, forming, treating and finishing processes.

Its products are used by customers in industries including steel, aluminum, automotive, aerospace, mining, machinery, metal packaging and other general manufacturing markets.