Quaker Houghton $KWR Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its stake in shares of Quaker Houghton (NYSE:KWR) by 11.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 654,245 shares of the specialty chemicals company’s stock after selling 83,025 shares during the quarter. JPMorgan Chase & Co. owned approximately 3.77% of Quaker Houghton worth $86,197,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KWR. American Century Companies Inc. lifted its stake in Quaker Houghton by 176.2% in the second quarter. American Century Companies Inc. now owns 54,443 shares of the specialty chemicals company’s stock worth $6,094,000 after acquiring an additional 34,731 shares during the last quarter. QSV Equity Investors LLC acquired a new stake in shares of Quaker Houghton in the 2nd quarter valued at $1,191,000. Advantage Alpha Capital Partners LP lifted its position in shares of Quaker Houghton by 21.3% during the 2nd quarter. Advantage Alpha Capital Partners LP now owns 46,853 shares of the specialty chemicals company’s stock worth $5,245,000 after purchasing an additional 8,215 shares during the last quarter. Ceredex Value Advisors LLC grew its stake in shares of Quaker Houghton by 10.7% during the second quarter. Ceredex Value Advisors LLC now owns 113,200 shares of the specialty chemicals company’s stock worth $12,672,000 after purchasing an additional 10,950 shares in the last quarter. Finally, Nordwand Advisors LLC purchased a new position in Quaker Houghton in the second quarter valued at $280,000. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Quaker Houghton Price Performance

KWR stock opened at $169.77 on Tuesday. 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 company has a market capitalization of $2.94 billion, a P/E ratio of -346.48, a PEG ratio of 1.64 and a beta of 1.35. The business has a 50 day simple moving average of $156.15 and a 200-day simple moving average of $142.88. Quaker Houghton has a twelve month low of $95.91 and a twelve month high of $183.01.

Quaker Houghton (NYSE:KWR) last announced its earnings results on Monday, February 23rd. The specialty chemicals company reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.06). The business had revenue of $468.48 million during the quarter, compared to analyst estimates of $465.17 million. Quaker Houghton had a negative net margin of 0.48% and a positive return on equity of 8.64%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.33 earnings per share. As a group, equities analysts anticipate that Quaker Houghton will post 7.75 EPS for the current year.

Wall Street Analyst Weigh In

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

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.