StockNews.com Upgrades Quaker Chemical (NYSE:KWR) to "Buy"

Quaker Chemical (NYSE:KWR - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a report released on Tuesday.

Other equities analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Quaker Chemical from $225.00 to $190.00 and set a "buy" rating for the company in a research report on Monday, August 26th. Royal Bank of Canada dropped their price objective on shares of Quaker Chemical from $220.00 to $195.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th.

Quaker Chemical Price Performance

KWR stock traded down $2.52 during mid-day trading on Tuesday, reaching $151.98. The company's stock had a trading volume of 102,466 shares, compared to its average volume of 93,705. The stock has a market cap of $2.73 billion, a PE ratio of 22.09, a P/E/G ratio of 1.84 and a beta of 1.37. The company has a current ratio of 2.63, a quick ratio of 1.94 and a debt-to-equity ratio of 0.50. Quaker Chemical has a fifty-two week low of $139.76 and a fifty-two week high of $221.94. The company's 50 day moving average is $163.41 and its two-hundred day moving average is $172.77.

Quaker Chemical (NYSE:KWR - Get Free Report) last released its quarterly earnings data on Monday, August 5th. The specialty chemicals company reported $2.13 EPS for the quarter, missing analysts' consensus estimates of $2.21 by ($0.08). The business had revenue of $463.57 million during the quarter, compared to analyst estimates of $493.68 million. Quaker Chemical had a net margin of 6.56% and a return on equity of 10.49%. The firm's revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.93 EPS. Equities research analysts expect that Quaker Chemical will post 8.18 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp increased its holdings in shares of Quaker Chemical by 36.8% in the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company's stock worth $49,000 after acquiring an additional 77 shares during the period. GAMMA Investing LLC boosted its position in shares of Quaker Chemical by 105.3% during the 3rd quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 80 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Quaker Chemical by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the specialty chemicals company's stock valued at $1,188,000 after purchasing an additional 100 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Quaker Chemical by 6.6% in the second quarter. Mackenzie Financial Corp now owns 1,778 shares of the specialty chemicals company's stock worth $302,000 after buying an additional 110 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Quaker Chemical in the first quarter worth about $25,000. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

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.

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