Quaker Chemical (KWR) Cut to Hold at ValuEngine

ValuEngine downgraded shares of Quaker Chemical (NYSE:KWR) from a buy rating to a hold rating in a research report report published on Friday morning.

KWR has been the subject of several other reports. B. Riley set a $165.00 target price on Quaker Chemical and gave the company a hold rating in a research note on Monday, November 20th. BidaskClub downgraded Quaker Chemical from a hold rating to a sell rating in a research note on Thursday, August 3rd. Jefferies Group reiterated a hold rating and issued a $153.00 price target on shares of Quaker Chemical in a research note on Sunday, September 3rd. Zacks Investment Research downgraded Quaker Chemical from a hold rating to a sell rating in a research note on Saturday, September 9th. Finally, FBR & Co set a $165.00 price target on Quaker Chemical and gave the stock a hold rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $163.50.

Shares of Quaker Chemical (KWR) traded down $4.35 during trading on Friday, hitting $160.43. The stock had a trading volume of 82,000 shares, compared to its average volume of 57,600. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $2,133.60, a P/E ratio of 32.02, a PEG ratio of 2.91 and a beta of 1.35. Quaker Chemical has a 12 month low of $124.92 and a 12 month high of $165.93.

Quaker Chemical (NYSE:KWR) last announced its earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.06. The company had revenue of $212.90 million during the quarter, compared to the consensus estimate of $200.71 million. Quaker Chemical had a return on equity of 15.43% and a net margin of 5.93%. The company’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the firm earned $1.25 earnings per share. sell-side analysts expect that Quaker Chemical will post 5 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be paid a $0.355 dividend. The ex-dividend date is Tuesday, January 16th. This represents a $1.42 dividend on an annualized basis and a yield of 0.89%. Quaker Chemical’s dividend payout ratio (DPR) is 40.00%.

In related news, Director Mark Douglas sold 1,575 shares of Quaker Chemical stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $164.23, for a total value of $258,662.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ronald S. Ettinger sold 1,000 shares of Quaker Chemical stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $162.75, for a total value of $162,750.00. The disclosure for this sale can be found here. Insiders sold 25,938 shares of company stock valued at $4,081,305 over the last quarter. Insiders own 3.60% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Flinton Capital Management LLC boosted its stake in Quaker Chemical by 29.7% in the second quarter. Flinton Capital Management LLC now owns 768 shares of the specialty chemicals company’s stock valued at $111,000 after acquiring an additional 176 shares during the period. Riverhead Capital Management LLC boosted its stake in Quaker Chemical by 55.3% in the second quarter. Riverhead Capital Management LLC now owns 932 shares of the specialty chemicals company’s stock valued at $135,000 after acquiring an additional 332 shares during the period. Advisor Group Inc. boosted its stake in Quaker Chemical by 15.6% in the second quarter. Advisor Group Inc. now owns 954 shares of the specialty chemicals company’s stock valued at $139,000 after acquiring an additional 129 shares during the period. Everence Capital Management Inc. acquired a new position in Quaker Chemical in the second quarter valued at approximately $212,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Quaker Chemical in the second quarter valued at approximately $246,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

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About Quaker Chemical

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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