Heartland Advisors Inc. Purchases 7,774 Shares of Quaker Houghton $KWR

Heartland Advisors Inc. grew its holdings in Quaker Houghton (NYSE:KWR) by 9.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 90,383 shares of the specialty chemicals company’s stock after purchasing an additional 7,774 shares during the period. Heartland Advisors Inc. owned about 0.52% of Quaker Houghton worth $11,908,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. TD Waterhouse Canada Inc. bought a new stake in shares of Quaker Houghton during the second quarter worth approximately $30,000. EverSource Wealth Advisors LLC grew its holdings in 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 buying an additional 225 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Quaker Houghton by 87.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 348 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 162 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of Quaker Houghton by 54.4% during the second quarter. Osaic Holdings Inc. now owns 673 shares of the specialty chemicals company’s stock worth $76,000 after buying an additional 237 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Quaker Houghton in the second quarter valued at about $78,000. Institutional investors and hedge funds own 77.46% of the company’s stock.

Analyst Ratings Changes

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

Quaker Houghton Price Performance

Quaker Houghton stock opened at $179.11 on Tuesday. The stock has a fifty day moving average of $152.56 and a 200-day moving average of $141.07. Quaker Houghton has a 52 week low of $95.91 and a 52 week high of $182.58. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.77 and a current ratio of 2.47. The stock has a market capitalization of $3.11 billion, a P/E ratio of -365.54, a price-to-earnings-growth ratio of 1.69 and a beta of 1.35.

Quaker Houghton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were issued a dividend of $0.508 per share. This represents a $2.03 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, January 16th. Quaker Houghton’s payout ratio is presently -414.29%.

Quaker Houghton 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.