Quaker Chemical Corp. (NYSE:KWR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
According to Zacks, “Quaker Chemical Corp. develops, produces, and markets a broad range of formulated chemical specialty products for various heavy industrial and manufacturing applications and, in addition, offers and markets chemical management services. Quaker’s principal products and services include: rolling lubricants, corrosion preventives, metal finishing compounds, machining and grinding compounds, forming compounds, hydraulic fluids, technology for the removal of hydrogen sulfide, chemical milling maskants, construction products and programs to provide chemical management services. “
Separately, Jefferies Group reaffirmed a “hold” rating on shares of Quaker Chemical Corp. in a research note on Sunday, July 17th.
Quaker Chemical Corp. (NYSE:KWR) traded up 1.19% during mid-day trading on Wednesday, hitting $105.06. 79,057 shares of the stock were exchanged. Quaker Chemical Corp. has a 52 week low of $68.20 and a 52 week high of $105.15. The company has a 50 day moving average price of $99.40 and a 200 day moving average price of $91.37. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 25.95 and a beta of 1.60.
Quaker Chemical Corp. (NYSE:KWR) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.02. The firm had revenue of $186.91 million for the quarter, compared to the consensus estimate of $187.77 million. Quaker Chemical Corp. had a return on equity of 15.21% and a net margin of 7.28%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.15 EPS. Analysts expect that Quaker Chemical Corp. will post $4.55 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 17th will be paid a dividend of $0.345 per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $1.38 annualized dividend and a yield of 1.31%. Quaker Chemical Corp.’s dividend payout ratio (DPR) is presently 34.07%.
Institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. boosted its position in Quaker Chemical Corp. by 27.5% in the second quarter. Macquarie Group Ltd. now owns 230,338 shares of the company’s stock valued at $20,546,000 after buying an additional 49,678 shares during the period. Mason Street Advisors LLC purchased a new stake in shares of Quaker Chemical Corp. during the second quarter valued at approximately $231,000. Howe & Rusling Inc. boosted its stake in shares of Quaker Chemical Corp. by 3.6% in the second quarter. Howe & Rusling Inc. now owns 1,750 shares of the company’s stock valued at $156,000 after buying an additional 60 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Quaker Chemical Corp. by 1.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 61,099 shares of the company’s stock valued at $5,451,000 after buying an additional 802 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Quaker Chemical Corp. by 8.6% in the second quarter. Stifel Financial Corp now owns 4,469 shares of the company’s stock valued at $399,000 after buying an additional 353 shares during the last quarter. 82.24% of the stock is currently owned by institutional investors.
Quaker Chemical Corp. Company Profile
Quaker Chemical Corporation is engaged in providing process fluids, chemical specialties and technical expertise to a range of industries, including steel, aluminum, automotive, mining, aerospace, tube and pipe, cans and others. The Company operates through four segments: North America, the Europe; Middle East and Africa (EMEA); Asia/Pacific, and South America.
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