Quaker Chemical (KWR) Upgraded to “Hold” by Zacks Investment Research
According to Zacks, “Quaker Chemical Corporation develops, produces and markets a range of formulated chemical specialty products for various heavy industrial and manufacturing applications and, in addition, offers and markets chemical management services (CMS). The Company operates in three segments: Metalworking process chemicals, Coatings and Other chemical products. The Metalworking process chemicals segment includes industrial process fluids for various heavy industrial and manufacturing applications. Coatings segment includes temporary and permanent coatings for metal and concrete products and chemical milling maskants. “
Several other research firms also recently weighed in on KWR. Seaport Global Securities reiterated a neutral rating on shares of Quaker Chemical in a research note on Tuesday, February 5th. Janney Montgomery Scott reiterated a neutral rating and set a $198.00 price target on shares of Quaker Chemical in a research note on Tuesday, January 29th. Five investment analysts have rated the stock with a hold rating, The stock presently has an average rating of Hold and a consensus price target of $187.25.
Quaker Chemical (NYSE:KWR) last posted its quarterly earnings results on Thursday, May 2nd. The specialty chemicals company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.01. The company had revenue of $211.20 million during the quarter, compared to the consensus estimate of $213.99 million. Quaker Chemical had a return on equity of 18.73% and a net margin of 6.99%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.41 EPS. Sell-side analysts anticipate that Quaker Chemical will post 6.8 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a dividend of $0.385 per share. This is an increase from Quaker Chemical’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $1.54 annualized dividend and a dividend yield of 0.76%. Quaker Chemical’s dividend payout ratio is presently 24.50%.
Hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Quaker Chemical in the fourth quarter valued at about $25,248,000. WINTON GROUP Ltd boosted its position in Quaker Chemical by 1,252.2% during the fourth quarter. WINTON GROUP Ltd now owns 61,933 shares of the specialty chemicals company’s stock worth $11,006,000 after acquiring an additional 57,353 shares during the last quarter. SEI Investments Co acquired a new stake in Quaker Chemical during the first quarter worth approximately $4,190,000. Pennsylvania Trust Co boosted its position in Quaker Chemical by 248.9% during the first quarter. Pennsylvania Trust Co now owns 29,307 shares of the specialty chemicals company’s stock worth $1,665,000 after acquiring an additional 20,907 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Quaker Chemical by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 720,324 shares of the specialty chemicals company’s stock worth $145,658,000 after acquiring an additional 18,869 shares during the last quarter. Institutional investors own 97.83% of the company’s stock.
About Quaker Chemical
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. The company's products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.
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