Quaker Chemical Corporation (NYSE:KWR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The brokerage presently has a $171.00 target price on the specialty chemicals company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 10.10% from the stock’s current price.
According to Zacks, “Quaker Chemical Corp. develops, produces, and markets a broad range of formulated chemical specialty products for various heavy industrial and manufacturing applications and, in addition, offers and markets chemical management services. Quaker’s principal products and services include: rolling lubricants, corrosion preventives, metal finishing compounds, machining and grinding compounds, forming compounds, hydraulic fluids, technology for the removal of hydrogen sulfide, chemical milling maskants, construction products and programs to provide chemical management services. “
KWR has been the subject of a number of other reports. BidaskClub cut shares of Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating and set a $153.00 price objective on shares of Quaker Chemical Corporation in a report on Sunday, September 3rd. Finally, FBR & Co reiterated a “marketperform” rating on shares of Quaker Chemical Corporation in a report on Tuesday, July 11th.
Quaker Chemical Corporation (NYSE KWR) opened at 155.32 on Wednesday. Quaker Chemical Corporation has a 52 week low of $104.36 and a 52 week high of $157.64. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 39.48 and a beta of 1.24. The company has a 50-day moving average of $148.97 and a 200-day moving average of $143.70.
Quaker Chemical Corporation (NYSE:KWR) last posted its quarterly earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.06. The business had revenue of $212.90 million during the quarter, compared to analysts’ expectations of $200.71 million. Quaker Chemical Corporation had a net margin of 5.93% and a return on equity of 15.43%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the company posted $1.25 earnings per share. On average, equities analysts forecast that Quaker Chemical Corporation will post $4.97 earnings per share for the current fiscal year.
In other news, VP Jan Nieman sold 1,000 shares of Quaker Chemical Corporation stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the transaction, the vice president now directly owns 14,636 shares in the company, valued at $2,122,220. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 4,000 shares of company stock valued at $590,000 over the last quarter. Corporate insiders own 3.60% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Palisade Capital Management LLC NJ lifted its position in shares of Quaker Chemical Corporation by 4.1% during the third quarter. Palisade Capital Management LLC NJ now owns 227,147 shares of the specialty chemicals company’s stock valued at $33,606,000 after purchasing an additional 9,002 shares in the last quarter. Bridge City Capital LLC lifted its position in shares of Quaker Chemical Corporation by 8.7% during the third quarter. Bridge City Capital LLC now owns 9,291 shares of the specialty chemicals company’s stock valued at $1,375,000 after purchasing an additional 740 shares in the last quarter. Copeland Capital Management LLC lifted its position in shares of Quaker Chemical Corporation by 1.7% during the third quarter. Copeland Capital Management LLC now owns 118,498 shares of the specialty chemicals company’s stock valued at $17,532,000 after purchasing an additional 1,968 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Quaker Chemical Corporation during the third quarter valued at about $533,000. Finally, First Trust Advisors LP lifted its position in shares of Quaker Chemical Corporation by 14.2% during the third quarter. First Trust Advisors LP now owns 13,411 shares of the specialty chemicals company’s stock valued at $1,984,000 after purchasing an additional 1,668 shares in the last quarter. 83.11% of the stock is currently owned by institutional investors.
About Quaker Chemical Corporation
Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others. The Company’s segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.
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