Quaker Chemical (NYSE:KWR) Price Target Cut to $140.00 by Analysts at Piper Sandler

Quaker Chemical (NYSE:KWR) had its price objective reduced by Piper Sandler from $170.00 to $140.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the specialty chemicals company’s stock.

KWR has been the subject of a number of other reports. Royal Bank of Canada reduced their price objective on shares of Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. StockNews.com lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th.

Quaker Chemical Price Performance

NYSE KWR opened at $124.36 on Wednesday. The firm has a market capitalization of $2.20 billion, a PE ratio of 18.23, a P/E/G ratio of 1.62 and a beta of 1.43. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. Quaker Chemical has a 12 month low of $119.57 and a 12 month high of $203.21. The company’s 50 day simple moving average is $135.89 and its 200 day simple moving average is $148.14.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.29). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The business had revenue of $444.09 million during the quarter, compared to analyst estimates of $430.47 million. During the same period in the previous year, the company posted $1.78 earnings per share. As a group, equities research analysts forecast that Quaker Chemical will post 7.75 EPS for the current fiscal year.

Quaker Chemical Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical’s dividend payout ratio is 29.80%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Quaker Chemical in the fourth quarter valued at about $28,978,000. JPMorgan Chase & Co. grew its holdings in Quaker Chemical by 19.2% in the 4th quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company’s stock valued at $106,870,000 after buying an additional 122,494 shares during the last quarter. Royce & Associates LP increased its position in Quaker Chemical by 27.8% in the 4th quarter. Royce & Associates LP now owns 555,219 shares of the specialty chemicals company’s stock worth $78,153,000 after buying an additional 120,916 shares during the period. Norges Bank acquired a new position in shares of Quaker Chemical during the fourth quarter worth approximately $13,399,000. Finally, Marshall Wace LLP boosted its position in shares of Quaker Chemical by 92.3% in the fourth quarter. Marshall Wace LLP now owns 187,715 shares of the specialty chemicals company’s stock valued at $26,423,000 after acquiring an additional 90,078 shares during the period. 77.46% of the stock is currently owned by institutional investors and hedge funds.

About Quaker Chemical

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.