Bryce Point Capital LLC Takes $467,000 Position in Quaker Houghton $KWR

Bryce Point Capital LLC bought a new stake in shares of Quaker Houghton (NYSE:KWR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,545 shares of the specialty chemicals company’s stock, valued at approximately $467,000.

A number of other hedge funds have also added to or reduced their stakes in KWR. TD Waterhouse Canada Inc. acquired a new position in Quaker Houghton in the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC increased its stake in shares of Quaker Houghton by 284.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 304 shares of the specialty chemicals company’s stock valued at $34,000 after acquiring an additional 225 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Quaker Houghton by 87.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 348 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 162 shares during the period. Osaic Holdings Inc. lifted its position in shares of Quaker Houghton by 54.4% during the 2nd quarter. Osaic Holdings Inc. now owns 673 shares of the specialty chemicals company’s stock valued at $76,000 after acquiring an additional 237 shares during the period. Finally, Lazard Asset Management LLC bought a new position in Quaker Houghton during the second quarter worth $78,000. 77.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KWR has been the subject of several research analyst reports. Zacks Research raised shares of Quaker Houghton from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Wall Street Zen lowered Quaker Houghton from a “buy” rating to a “hold” rating in a research report on Saturday, January 24th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $190.00 price target on shares of Quaker Houghton in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $158.67.

Quaker Houghton Stock Up 3.3%

Quaker Houghton stock opened at $176.59 on Wednesday. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of -360.38, a price-to-earnings-growth ratio of 1.61 and a beta of 1.35. The firm’s fifty day moving average price is $149.08 and its two-hundred day moving average price is $139.34. Quaker Houghton has a 1-year low of $95.91 and a 1-year high of $177.14. The company has a current ratio of 2.47, a quick ratio of 1.77 and a debt-to-equity ratio of 0.61.

Quaker Houghton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were paid a dividend of $0.508 per share. The ex-dividend date was Friday, January 16th. This represents a $2.03 dividend on an annualized basis and a yield of 1.2%. Quaker Houghton’s payout ratio is -414.29%.

Quaker Houghton Company Profile

Quaker Houghton is a global provider of process fluids, chemical specialties and sustainable solutions for industrial applications. The company develops and supplies metalworking fluids, coatings, and corrosion inhibitors, as well as heat transfer, lubrication and additive products designed to improve productivity and extend equipment life. Its portfolio addresses a range of end markets including automotive, aerospace, defense, energy, mining, agriculture and heavy industry.

The company traces its roots back to the founding of Quaker Chemical Corporation in 1918 and Houghton International in 1865.