Quaker Chemical (NYSE:KWR) Hits New 12-Month Low – Time to Sell?

Quaker Chemical Co. (NYSE:KWR) shares hit a new 52-week low during trading on Thursday . The company traded as low as $143.76 and last traded at $144.13, with a volume of 185770 shares. The stock had previously closed at $148.04.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KWR. Royal Bank of Canada decreased their price target on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their target price on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. StockNews.com upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Finally, Piper Sandler boosted their price objective on Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 8th.

Quaker Chemical Stock Performance

The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.56 billion, a PE ratio of 21.13, a P/E/G ratio of 1.84 and a beta of 1.38. The firm has a 50-day moving average price of $160.38 and a two-hundred day moving average price of $166.19.

Quaker Chemical (NYSE:KWR) last issued its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The business had revenue of $462.27 million during the quarter, compared to analyst estimates of $469.17 million. During the same quarter last year, the company earned $2.05 earnings per share. Quaker Chemical’s quarterly revenue was down 5.8% on a year-over-year basis. Research analysts forecast that Quaker Chemical Co. will post 7.78 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.94 dividend on an annualized basis and a yield of 1.35%. Quaker Chemical’s payout ratio is 28.45%.

Insider Buying and Selling at Quaker Chemical

In other Quaker Chemical news, SVP David Slinkman sold 1,700 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $167.80, for a total transaction of $285,260.00. Following the completion of the transaction, the senior vice president now owns 2,825 shares in the company, valued at $474,035. The trade was a 37.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jeewat Bijlani sold 645 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $165.98, for a total value of $107,057.10. Following the sale, the executive vice president now directly owns 4,747 shares in the company, valued at $787,907.06. This trade represents a 11.96 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Quaker Chemical

Institutional investors have recently made changes to their positions in the stock. State Street Corp increased its stake in Quaker Chemical by 3.8% during the third quarter. State Street Corp now owns 554,612 shares of the specialty chemicals company’s stock worth $93,447,000 after acquiring an additional 20,059 shares during the last quarter. Royce & Associates LP increased its holdings in Quaker Chemical by 5.3% during the 3rd quarter. Royce & Associates LP now owns 434,303 shares of the specialty chemicals company’s stock worth $73,176,000 after purchasing an additional 21,986 shares during the last quarter. Copeland Capital Management LLC raised its stake in shares of Quaker Chemical by 0.7% in the 3rd quarter. Copeland Capital Management LLC now owns 388,719 shares of the specialty chemicals company’s stock valued at $65,495,000 after purchasing an additional 2,592 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Quaker Chemical by 14.8% during the second quarter. Dimensional Fund Advisors LP now owns 359,617 shares of the specialty chemicals company’s stock worth $61,027,000 after purchasing an additional 46,240 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Quaker Chemical by 1.0% in the third quarter. Geode Capital Management LLC now owns 312,784 shares of the specialty chemicals company’s stock worth $52,713,000 after acquiring an additional 3,118 shares during the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.

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.