Quaker Chemical’s (KWR) “Neutral” Rating Reiterated at Piper Sandler

Piper Sandler reissued their neutral rating on shares of Quaker Chemical (NYSE:KWR) in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage currently has a $170.00 price target on the specialty chemicals company’s stock, down from their prior price target of $200.00.

Other research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Royal Bank of Canada dropped their price objective on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Finally, StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th.

Quaker Chemical Stock Performance

Shares of NYSE KWR opened at $130.75 on Tuesday. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $2.33 billion, a P/E ratio of 19.17, a P/E/G ratio of 1.84 and a beta of 1.39. Quaker Chemical has a 12 month low of $128.31 and a 12 month high of $207.83. The stock has a 50 day moving average of $153.51 and a 200-day moving average of $162.09.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.19). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The company had revenue of $462.27 million during the quarter, compared to the consensus estimate of $469.17 million. During the same period in the prior year, the company earned $2.05 earnings per share. The firm’s revenue was down 5.8% compared to the same quarter last year. As a group, equities research analysts predict that Quaker Chemical will post 7.78 EPS for the current year.

Quaker Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.485 per share. The ex-dividend date is Friday, January 17th. This represents a $1.94 annualized dividend and a yield of 1.48%. Quaker Chemical’s dividend payout ratio is 28.45%.

Insider Buying and Selling at Quaker Chemical

In other Quaker Chemical news, EVP Jeewat Bijlani sold 645 shares of Quaker Chemical stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $165.98, for a total value of $107,057.10. Following the transaction, the executive vice president now owns 4,747 shares in the company, valued at $787,907.06. The trade was a 11.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David Slinkman sold 1,700 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $167.80, for a total transaction of $285,260.00. Following the completion of the transaction, the senior vice president now directly owns 2,825 shares of the company’s stock, valued at $474,035. This trade represents a 37.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Quaker Chemical

Institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its holdings in shares of Quaker Chemical by 0.9% during the second quarter. Rhumbline Advisers now owns 42,587 shares of the specialty chemicals company’s stock worth $7,227,000 after buying an additional 395 shares in the last quarter. Arizona State Retirement System increased its holdings in Quaker Chemical by 16.4% in the 2nd quarter. Arizona State Retirement System now owns 4,029 shares of the specialty chemicals company’s stock worth $684,000 after purchasing an additional 569 shares in the last quarter. Texas Permanent School Fund Corp raised its position in Quaker Chemical by 19.7% in the second quarter. Texas Permanent School Fund Corp now owns 14,506 shares of the specialty chemicals company’s stock valued at $2,462,000 after purchasing an additional 2,386 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Quaker Chemical by 18.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 6,032 shares of the specialty chemicals company’s stock valued at $1,024,000 after purchasing an additional 948 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Quaker Chemical by 5.3% during the second quarter. Envestnet Asset Management Inc. now owns 84,468 shares of the specialty chemicals company’s stock worth $14,334,000 after purchasing an additional 4,225 shares during the last quarter. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Quaker Chemical Company Profile

Quaker Chemical Corporation, together with its subsidiaries, develops, produces, and markets various formulated specialty chemical products for a range of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die-cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.