Quaker Chemical (NYSE:KWR) Downgraded to "Hold" Rating by StockNews.com

Quaker Chemical (NYSE:KWR - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Wednesday.

Several other research firms also recently weighed in on KWR. Royal Bank of Canada dropped their target price on Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating for the company in a research report on Wednesday. Piper Sandler restated a "neutral" rating and issued a $170.00 price objective (down previously from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Quaker Chemical from $190.00 to $182.00 and set a "buy" rating on the stock in a research note on Monday, November 4th.

Quaker Chemical Trading Down 0.0 %

Quaker Chemical stock traded down $0.01 during trading on Wednesday, hitting $139.01. The company had a trading volume of 147,589 shares, compared to its average volume of 150,654. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. Quaker Chemical has a 1-year low of $124.66 and a 1-year high of $207.83. The company's 50 day simple moving average is $138.20 and its 200-day simple moving average is $153.45.

Remove Ads

Quaker Chemical (NYSE:KWR - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.29). The firm had revenue of $444.09 million for the quarter, compared to analysts' expectations of $430.47 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. During the same quarter in the prior year, the business earned $1.78 earnings per share. As a group, analysts expect that Quaker Chemical will post 7.75 EPS for the current fiscal year.

Institutional Trading of Quaker Chemical

A number of large investors have recently made changes to their positions in KWR. TD Waterhouse Canada Inc. purchased a new position in Quaker Chemical in the fourth quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Quaker Chemical during the 4th quarter worth $58,000. KBC Group NV grew its stake in shares of Quaker Chemical by 50.9% during the third quarter. KBC Group NV now owns 525 shares of the specialty chemicals company's stock worth $88,000 after purchasing an additional 177 shares in the last quarter. Covestor Ltd increased its holdings in Quaker Chemical by 24.8% in the fourth quarter. Covestor Ltd now owns 665 shares of the specialty chemicals company's stock valued at $94,000 after buying an additional 132 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in Quaker Chemical by 100.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company's stock valued at $153,000 after buying an additional 453 shares in the last quarter. 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.