Quaker Chemical (NYSE:KWR) Lowered to Hold at StockNews.com

Quaker Chemical (NYSE:KWR) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Separately, Piper Sandler assumed coverage on shares of Quaker Chemical in a research note on Thursday, May 16th. They issued an “overweight” rating and a $220.00 price objective for the company.

Quaker Chemical Stock Up 1.8 %

Shares of NYSE KWR traded up $3.24 during midday trading on Monday, hitting $178.52. The stock had a trading volume of 115,044 shares, compared to its average volume of 90,211. The business’s 50 day moving average is $177.31 and its 200-day moving average is $190.14. The company has a market cap of $3.21 billion, a P/E ratio of 27.17, a PEG ratio of 1.39 and a beta of 1.40. Quaker Chemical has a 52 week low of $138.67 and a 52 week high of $221.94. The company has a quick ratio of 1.98, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Quaker Chemical (NYSE:KWR) last issued its earnings results on Thursday, May 2nd. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.12. Quaker Chemical had a net margin of 6.16% and a return on equity of 10.35%. The firm had revenue of $469.76 million for the quarter, compared to the consensus estimate of $494.53 million. During the same quarter in the prior year, the firm posted $1.89 earnings per share. The business’s revenue was down 6.1% on a year-over-year basis. As a group, analysts predict that Quaker Chemical will post 8.68 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KWR. SG Americas Securities LLC increased its stake in Quaker Chemical by 54.5% during the 2nd quarter. SG Americas Securities LLC now owns 1,032 shares of the specialty chemicals company’s stock valued at $175,000 after purchasing an additional 364 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Quaker Chemical by 374.3% in the second quarter. Harbor Capital Advisors Inc. now owns 4,183 shares of the specialty chemicals company’s stock valued at $710,000 after buying an additional 3,301 shares during the last quarter. Tidal Investments LLC raised its position in shares of Quaker Chemical by 18.4% in the first quarter. Tidal Investments LLC now owns 2,842 shares of the specialty chemicals company’s stock valued at $583,000 after buying an additional 442 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Quaker Chemical by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company’s stock valued at $22,193,000 after buying an additional 3,441 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its position in Quaker Chemical by 46.3% during the first quarter. 1832 Asset Management L.P. now owns 32,570 shares of the specialty chemicals company’s stock worth $6,685,000 after purchasing an additional 10,310 shares during the last quarter. Institutional investors own 77.46% of the company’s stock.

Quaker Chemical Company Profile

Quaker Chemical Corporation, together with its subsidiaries, develops, produces, and markets various formulated specialty chemical products for a range of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die-cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.