Quaker Chemical (NYSE:KWR) Hits New 52-Week Low at $142.06

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Quaker Chemical Corp (NYSE:KWR) hit a new 52-week low during trading on Monday . The stock traded as low as $142.06 and last traded at $142.45, with a volume of 2139 shares. The stock had previously closed at $148.87.

Several brokerages have recently commented on KWR. Zacks Investment Research downgraded Quaker Chemical from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine downgraded Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Janney Montgomery Scott restated a “buy” rating and issued a $204.00 price target on shares of Quaker Chemical in a research note on Wednesday, October 2nd. Jefferies Financial Group set a $153.00 price target on Quaker Chemical and gave the company a “hold” rating in a research note on Monday, October 21st. Finally, Sidoti reduced their price target on Quaker Chemical from $176.00 to $156.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $172.00.

The company has a 50 day moving average of $154.81 and a 200-day moving average of $175.24. The firm has a market capitalization of $2.64 billion, a P/E ratio of 23.82, a P/E/G ratio of 1.91 and a beta of 1.49. The company has a current ratio of 2.10, a quick ratio of 1.59 and a debt-to-equity ratio of 0.71.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings results on Tuesday, November 12th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.16. The business had revenue of $325.10 million during the quarter, compared to the consensus estimate of $324.93 million. Quaker Chemical had a return on equity of 13.39% and a net margin of 2.54%. The firm’s quarterly revenue was up 46.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.60 EPS. As a group, sell-side analysts forecast that Quaker Chemical Corp will post 5.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 17th were paid a $0.385 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $1.54 annualized dividend and a yield of 1.07%. Quaker Chemical’s dividend payout ratio (DPR) is presently 25.50%.

In related news, CEO Michael F. Barry sold 3,834 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $159.02, for a total value of $609,682.68. Following the completion of the sale, the chief executive officer now directly owns 156,301 shares in the company, valued at approximately $24,854,985.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.90% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of Quaker Chemical by 0.5% during the 2nd quarter. BlackRock Inc. now owns 1,914,617 shares of the specialty chemicals company’s stock valued at $388,437,000 after acquiring an additional 9,512 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Quaker Chemical by 36.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,426,977 shares of the specialty chemicals company’s stock valued at $289,505,000 after acquiring an additional 380,431 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Quaker Chemical by 3.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 742,144 shares of the specialty chemicals company’s stock valued at $145,750,000 after acquiring an additional 22,997 shares during the period. GW&K Investment Management LLC lifted its position in shares of Quaker Chemical by 26.1% during the 3rd quarter. GW&K Investment Management LLC now owns 195,092 shares of the specialty chemicals company’s stock valued at $30,851,000 after acquiring an additional 40,350 shares during the period. Finally, Copeland Capital Management LLC lifted its position in shares of Quaker Chemical by 12.9% during the 3rd quarter. Copeland Capital Management LLC now owns 187,259 shares of the specialty chemicals company’s stock valued at $29,613,000 after acquiring an additional 21,345 shares during the period. Institutional investors and hedge funds own 74.81% of the company’s stock.

About Quaker Chemical (NYSE:KWR)

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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