Quaker Chemical Corp (NYSE:KWR) Given Consensus Recommendation of “Hold” by Brokerages

Quaker Chemical Corp (NYSE:KWR) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $172.00.

Several brokerages have recently weighed in on KWR. Janney Montgomery Scott reissued a “buy” rating and issued a $204.00 price objective on shares of Quaker Chemical in a research report on Wednesday, October 2nd. Jefferies Financial Group set a $153.00 price objective on shares of Quaker Chemical and gave the company a “hold” rating in a research report on Monday. Zacks Investment Research raised shares of Quaker Chemical from a “sell” rating to a “hold” rating and set a $175.00 price objective on the stock in a research report on Thursday, October 3rd. ValuEngine lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Finally, Sidoti dropped their price objective on shares of Quaker Chemical from $176.00 to $156.00 and set a “neutral” rating on the stock in a research report on Monday.

In related news, CEO Michael F. Barry sold 3,834 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $159.02, for a total transaction of $609,682.68. Following the transaction, the chief executive officer now directly owns 156,301 shares of the company’s stock, valued at $24,854,985.02. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.90% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in KWR. Balyasny Asset Management LLC bought a new position in Quaker Chemical in the 2nd quarter valued at about $2,000,000. Atria Investments LLC bought a new position in Quaker Chemical in the 2nd quarter valued at about $3,475,000. Advisor Group Inc. increased its holdings in Quaker Chemical by 3.8% in the 2nd quarter. Advisor Group Inc. now owns 1,549 shares of the specialty chemicals company’s stock valued at $314,000 after buying an additional 56 shares during the period. Northern Trust Corp increased its holdings in Quaker Chemical by 0.9% in the 2nd quarter. Northern Trust Corp now owns 185,978 shares of the specialty chemicals company’s stock valued at $37,731,000 after buying an additional 1,658 shares during the period. Finally, Pinebridge Investments L.P. increased its holdings in Quaker Chemical by 201.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 9,641 shares of the specialty chemicals company’s stock valued at $1,956,000 after buying an additional 6,442 shares during the period. 74.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of KWR traded up $2.09 during trading hours on Wednesday, hitting $151.79. The company had a trading volume of 142,700 shares, compared to its average volume of 90,193. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 2.21 and a beta of 1.53. The business has a fifty day moving average of $158.86 and a 200-day moving average of $183.41. Quaker Chemical has a 12 month low of $145.00 and a 12 month high of $224.30. The company has a quick ratio of 2.07, a current ratio of 2.69 and a debt-to-equity ratio of 0.07.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings data on Thursday, August 1st. The specialty chemicals company reported $1.56 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.56. The company had revenue of $205.87 million for the quarter, compared to analyst estimates of $223.15 million. Quaker Chemical had a net margin of 6.69% and a return on equity of 18.35%. The company’s revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.56 earnings per share. On average, equities analysts expect that Quaker Chemical will post 6.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, October 16th. Quaker Chemical’s dividend payout ratio is 25.50%.

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. 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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