Public Sector Pension Investment Board Acquires 7,185 Shares of Quaker Houghton $KWR

Public Sector Pension Investment Board boosted its holdings in Quaker Houghton (NYSE:KWR) by 15.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 53,581 shares of the specialty chemicals company’s stock after purchasing an additional 7,185 shares during the quarter. Public Sector Pension Investment Board’s holdings in Quaker Houghton were worth $7,059,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its holdings in shares of Quaker Houghton by 114.3% in the first quarter. AQR Capital Management LLC now owns 23,139 shares of the specialty chemicals company’s stock worth $2,860,000 after buying an additional 12,341 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in Quaker Houghton by 7.1% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,650 shares of the specialty chemicals company’s stock valued at $204,000 after acquiring an additional 109 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Quaker Houghton by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,211 shares of the specialty chemicals company’s stock worth $1,015,000 after purchasing an additional 345 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Quaker Houghton by 29.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 95,751 shares of the specialty chemicals company’s stock valued at $11,836,000 after purchasing an additional 21,665 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in shares of Quaker Houghton by 44.4% during the first quarter. Intech Investment Management LLC now owns 9,873 shares of the specialty chemicals company’s stock valued at $1,220,000 after purchasing an additional 3,034 shares in the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on KWR shares. Wall Street Zen downgraded Quaker Houghton from a “buy” rating to a “hold” rating in a research report on Saturday, January 24th. Zacks Research raised Quaker Houghton from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $190.00 target price on shares of Quaker Houghton in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Quaker Houghton presently has an average rating of “Hold” and an average price target of $158.67.

Quaker Houghton Stock Performance

NYSE:KWR opened at $180.87 on Wednesday. The firm has a market capitalization of $3.14 billion, a PE ratio of -369.11, a PEG ratio of 1.69 and a beta of 1.35. The stock’s fifty day moving average is $153.50 and its 200 day moving average is $141.52. Quaker Houghton has a fifty-two week low of $95.91 and a fifty-two 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.

About Quaker Houghton

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.