Quaker Chemical (NYSE:KWR) Price Target Cut to $140.00 by Analysts at Piper Sandler

Quaker Chemical (NYSE:KWR) had its price target reduced by Piper Sandler from $170.00 to $140.00 in a report issued on Wednesday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the specialty chemicals company’s stock.

A number of other analysts have also issued reports on the stock. StockNews.com lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Royal Bank of Canada lowered their price objective on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th.

Quaker Chemical Price Performance

Shares of NYSE KWR opened at $124.36 on Wednesday. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 1.62 and a beta of 1.43. The company’s 50-day moving average price is $135.89 and its 200 day moving average price is $148.14. Quaker Chemical has a 52 week low of $119.57 and a 52 week high of $203.21.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.29). The company had revenue of $444.09 million during the quarter, compared to analyst estimates of $430.47 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. During the same period last year, the firm earned $1.78 earnings per share. As a group, research analysts forecast that Quaker Chemical will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Wednesday, April 16th. Quaker Chemical’s payout ratio is 29.80%.

Institutional Investors Weigh In On Quaker Chemical

Several hedge funds and other institutional investors have recently modified their holdings of KWR. Jefferies Financial Group Inc. acquired a new position in Quaker Chemical in the fourth quarter valued at approximately $3,097,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Quaker Chemical by 0.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 46,600 shares of the specialty chemicals company’s stock worth $6,559,000 after purchasing an additional 425 shares during the last quarter. Voloridge Investment Management LLC boosted its position in Quaker Chemical by 108.9% during the 4th quarter. Voloridge Investment Management LLC now owns 96,542 shares of the specialty chemicals company’s stock valued at $13,589,000 after purchasing an additional 50,330 shares during the period. Snowden Capital Advisors LLC grew its stake in Quaker Chemical by 4.9% during the 4th quarter. Snowden Capital Advisors LLC now owns 2,439 shares of the specialty chemicals company’s stock worth $343,000 after buying an additional 113 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in Quaker Chemical by 15.2% in the fourth quarter. ProShare Advisors LLC now owns 53,168 shares of the specialty chemicals company’s stock worth $7,484,000 after buying an additional 7,029 shares during the period. Institutional investors own 77.46% of the company’s stock.

About Quaker Chemical

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.