Quaker Chemical (NYSE:KWR) had its price target dropped by equities researchers at Sidoti from $176.00 to $156.00 in a report issued on Monday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the specialty chemicals company’s stock. Sidoti’s price objective suggests a potential upside of 4.21% from the stock’s current price.
Several other research firms have also issued reports on KWR. ValuEngine lowered Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Zacks Investment Research upgraded Quaker Chemical from a “sell” rating to a “hold” rating and set a $175.00 price target on the stock in a research report on Thursday, October 3rd. Finally, Janney Montgomery Scott restated a “buy” rating and issued a $204.00 price target on shares of Quaker Chemical in a research report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $178.33.
NYSE:KWR opened at $149.70 on Monday. 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. The firm has a market capitalization of $2.85 billion, a P/E ratio of 24.78, a P/E/G ratio of 2.37 and a beta of 1.53. The stock’s fifty day simple moving average is $158.86 and its 200-day simple moving average is $183.41.
In other Quaker Chemical news, CEO Michael F. Barry sold 3,834 shares of Quaker Chemical stock in a transaction dated Friday, September 6th. The stock was 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 in the company, valued at $24,854,985.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Bridge City Capital LLC increased its position in Quaker Chemical by 27.5% during the third quarter. Bridge City Capital LLC now owns 13,008 shares of the specialty chemicals company’s stock worth $2,057,000 after buying an additional 2,804 shares during the last quarter. Brinker Capital Inc. grew its position in shares of Quaker Chemical by 12.6% in the third quarter. Brinker Capital Inc. now owns 7,600 shares of the specialty chemicals company’s stock valued at $1,202,000 after purchasing an additional 849 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Quaker Chemical by 10.0% in the third quarter. Envestnet Asset Management Inc. now owns 30,760 shares of the specialty chemicals company’s stock valued at $4,864,000 after purchasing an additional 2,808 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Quaker Chemical by 118.1% in the third quarter. State of Alaska Department of Revenue now owns 9,908 shares of the specialty chemicals company’s stock valued at $1,566,000 after purchasing an additional 5,365 shares during the last quarter. Finally, Atria Investments LLC acquired a new position in shares of Quaker Chemical in the second quarter valued at approximately $3,475,000. Hedge funds and other institutional investors own 74.78% 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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