Quaker Chemical (NYSE:KWR) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Quaker Chemical (NYSE:KWR) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.

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

Quaker Chemical Trading Up 1.2 %

NYSE KWR opened at $182.37 on Thursday. The company has a current ratio of 2.66, a quick ratio of 1.98 and a debt-to-equity ratio of 0.53. The company’s fifty day simple moving average is $176.56 and its 200-day simple moving average is $188.87. The stock has a market cap of $3.28 billion, a P/E ratio of 27.76, a PEG ratio of 1.45 and a beta of 1.40. Quaker Chemical has a 52 week low of $138.67 and a 52 week high of $221.94.

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

Quaker Chemical Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a dividend of $0.455 per share. The ex-dividend date is Wednesday, July 17th. This represents a $1.82 annualized dividend and a yield of 1.00%. Quaker Chemical’s payout ratio is 27.70%.

Institutional Trading of Quaker Chemical

Institutional investors have recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC bought a new stake in Quaker Chemical during the first quarter valued at $25,000. First Pacific Financial bought a new stake in Quaker Chemical during the second quarter valued at $25,000. SRS Capital Advisors Inc. boosted its holdings in shares of Quaker Chemical by 345.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 165 shares of the specialty chemicals company’s stock valued at $35,000 after acquiring an additional 128 shares during the period. Mather Group LLC. acquired a new position in shares of Quaker Chemical during the first quarter valued at $41,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Quaker Chemical by 36.8% during the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock valued at $49,000 after acquiring an additional 77 shares during the period. 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.