Quaker Chemical Corp (NYSE:KWR)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $146.40 and last traded at $146.80, with a volume of 3627 shares changing hands. The stock had previously closed at $160.86.

Several brokerages recently issued reports on KWR. Janney Montgomery Scott reiterated a “buy” rating and set a $204.00 price target on shares of Quaker Chemical in a research report on Wednesday, October 2nd. ValuEngine downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Finally, Zacks Investment Research upgraded shares of Quaker Chemical from a “sell” rating to a “hold” rating and set a $175.00 price target on the stock in a research report on Thursday, October 3rd.

The company’s 50-day moving average is $159.17 and its 200-day moving average is $184.36. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 2.40 and a beta of 1.53. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.07 and a current ratio of 2.69.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Thursday, August 1st. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.56. The business had revenue of $205.87 million for the quarter, compared to the consensus estimate of $223.15 million. Quaker Chemical had a net margin of 6.69% and a return on equity of 18.35%. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.56 EPS. On average, analysts predict that Quaker Chemical Corp will post 6.18 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be given a dividend of $0.385 per share. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $1.54 annualized dividend and a yield of 1.04%. Quaker Chemical’s dividend payout ratio (DPR) is 25.50%.

In related news, CEO Michael F. Barry sold 3,834 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $159.02, for a total transaction of $609,682.68. Following the transaction, the chief executive officer now owns 156,301 shares in the company, valued at approximately $24,854,985.02. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.90% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Krane Funds Advisors LLC acquired a new position in Quaker Chemical during the 2nd quarter valued at about $59,000. Ladenburg Thalmann Financial Services Inc. lifted its position in Quaker Chemical by 523.0% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 380 shares of the specialty chemicals company’s stock valued at $77,000 after purchasing an additional 319 shares during the period. Pearl River Capital LLC acquired a new position in Quaker Chemical during the 2nd quarter valued at about $128,000. Ellington Management Group LLC acquired a new position in Quaker Chemical during the 2nd quarter valued at about $223,000. Finally, Virginia Retirement Systems ET AL acquired a new position in Quaker Chemical during the 2nd quarter valued at about $243,000. Institutional investors own 74.78% of the company’s stock.

Quaker Chemical Company Profile (NYSE:KWR)

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.

Read More: Buy Rating

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