Quaker Chemical (NYSE:KWR) Lowered to “Hold” Rating by StockNews.com

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

A number of other research analysts have also commented on KWR. Deutsche Bank Aktiengesellschaft lowered 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. Royal Bank of Canada decreased their target price on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday.

Quaker Chemical Stock Up 0.4 %

KWR stock traded up $0.72 during mid-day trading on Thursday, hitting $170.62. The stock had a trading volume of 34,989 shares, compared to its average volume of 95,094. 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 stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 2.15 and a beta of 1.38. The company has a fifty day moving average of $162.92 and a 200 day moving average of $171.68. Quaker Chemical has a 1-year low of $151.31 and a 1-year high of $221.94.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). The company had revenue of $462.27 million for the quarter, compared to analyst estimates of $469.17 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The business’s revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.05 EPS. On average, equities analysts expect that Quaker Chemical will post 7.88 EPS for the current fiscal year.

Institutional Trading of Quaker Chemical

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Quaker Chemical by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company’s stock worth $329,942,000 after acquiring an additional 8,484 shares during the period. Royce & Associates LP lifted its position in shares of Quaker Chemical by 5.3% in the 3rd quarter. Royce & Associates LP now owns 434,303 shares of the specialty chemicals company’s stock worth $73,176,000 after acquiring an additional 21,986 shares during the period. Copeland Capital Management LLC raised its holdings in shares of Quaker Chemical by 0.7% in the 3rd quarter. Copeland Capital Management LLC now owns 388,719 shares of the specialty chemicals company’s stock worth $65,495,000 after buying an additional 2,592 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Quaker Chemical by 14.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 359,617 shares of the specialty chemicals company’s stock worth $61,027,000 after buying an additional 46,240 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Quaker Chemical by 39.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 311,865 shares of the specialty chemicals company’s stock worth $52,546,000 after buying an additional 87,857 shares in the last quarter. Institutional investors own 77.46% of the company’s stock.

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.