Quaker Houghton (NYSE:KWR) Issues Quarterly Earnings Results

Quaker Houghton (NYSE:KWR) posted its earnings results on Monday. The specialty chemicals company reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.06), FiscalAI reports. Quaker Houghton had a positive return on equity of 8.64% and a negative net margin of 0.48%.The firm had revenue of $468.48 million for the quarter, compared to analysts’ expectations of $465.17 million.

Quaker Houghton Stock Performance

NYSE KWR traded down $4.67 during trading hours on Monday, hitting $169.77. 217,293 shares of the company’s stock traded hands, compared to its average volume of 133,937. Quaker Houghton has a 52 week low of $95.91 and a 52 week high of $183.01. The firm has a market capitalization of $2.94 billion, a P/E ratio of -346.48, a P/E/G ratio of 1.64 and a beta of 1.35. The company has a current ratio of 2.47, a quick ratio of 1.77 and a debt-to-equity ratio of 0.61. The business’s fifty day moving average price is $155.53 and its two-hundred day moving average price is $142.57.

Institutional Investors Weigh In On Quaker Houghton

A number of hedge funds have recently modified their holdings of the business. 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 worth $34,000 after purchasing an additional 225 shares in the last quarter. Global Retirement Partners LLC increased its position in Quaker Houghton by 556.9% in the fourth quarter. Global Retirement Partners LLC now owns 335 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 284 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Quaker Houghton in the fourth quarter worth about $52,000. Danske Bank A S purchased a new position in shares of Quaker Houghton during the 3rd quarter valued at about $66,000. Finally, State of Wyoming bought a new position in shares of Quaker Houghton during the 4th quarter valued at approximately $66,000. Institutional investors own 77.46% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.