Shares of Quaker Chemical Corp (NYSE:KWR) have been assigned a consensus recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $181.33.
Several research analysts recently commented on KWR shares. Zacks Investment Research upgraded shares of Quaker Chemical from a “hold” rating to a “strong-buy” rating and set a $205.00 price objective for the company in a research note on Friday, January 4th. Seaport Global Securities reiterated a “neutral” rating on shares of Quaker Chemical in a research note on Tuesday, February 5th. Finally, Janney Montgomery Scott reiterated a “neutral” rating and set a $198.00 price objective on shares of Quaker Chemical in a research note on Tuesday, January 29th.
Shares of NYSE:KWR traded up $1.67 during trading hours on Tuesday, hitting $214.37. The company’s stock had a trading volume of 188 shares, compared to its average volume of 67,276. Quaker Chemical has a 52 week low of $137.95 and a 52 week high of $217.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.14 and a current ratio of 2.76. The firm has a market cap of $2.82 billion, a P/E ratio of 35.49, a P/E/G ratio of 2.74 and a beta of 1.39.
Quaker Chemical (NYSE:KWR) last posted its quarterly earnings results on Thursday, February 28th. The specialty chemicals company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.40 by $0.11. Quaker Chemical had a net margin of 6.86% and a return on equity of 18.88%. The business had revenue of $211.48 million during the quarter, compared to analyst estimates of $215.90 million. On average, research analysts predict that Quaker Chemical will post 7.01 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.37 per share. The ex-dividend date is Monday, April 15th. This represents a $1.48 annualized dividend and a dividend yield of 0.69%. Quaker Chemical’s dividend payout ratio (DPR) is presently 24.50%.
In other Quaker Chemical news, insider Shane Hostetter sold 1,892 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $207.51, for a total transaction of $392,608.92. Following the transaction, the insider now owns 1,303 shares in the company, valued at approximately $270,385.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.90% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Bessemer Group Inc. boosted its holdings in shares of Quaker Chemical by 44.6% in the 4th quarter. Bessemer Group Inc. now owns 227 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 70 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in Quaker Chemical during the third quarter worth $101,000. Hanseatic Management Services Inc. acquired a new position in Quaker Chemical during the fourth quarter worth $107,000. LS Investment Advisors LLC raised its position in Quaker Chemical by 55.8% during the fourth quarter. LS Investment Advisors LLC now owns 609 shares of the specialty chemicals company’s stock worth $108,000 after acquiring an additional 218 shares during the period. Finally, FMR LLC raised its position in Quaker Chemical by 346.9% during the fourth quarter. FMR LLC now owns 800 shares of the specialty chemicals company’s stock worth $142,000 after acquiring an additional 621 shares during the period. Institutional investors and hedge funds own 97.91% of the company’s stock.
Quaker Chemical Company Profile
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. The company's 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.
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