Quaker Chemical (NYSE:KWR) Hits New 52-Week Low - Here's Why

Quaker Chemical Co. (NYSE:KWR - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $143.76 and last traded at $144.13, with a volume of 185770 shares. The stock had previously closed at $148.04.

Analysts Set New Price Targets

KWR has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a "buy" rating on the stock in a report on Monday, November 4th. Royal Bank of Canada reduced their target price on shares of Quaker Chemical from $195.00 to $180.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. StockNews.com upgraded Quaker Chemical from a "hold" rating to a "buy" rating in a report on Thursday, November 28th. Finally, Piper Sandler raised their price objective on Quaker Chemical from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, November 8th.

Quaker Chemical Trading Down 2.1 %

The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 1.84 and a beta of 1.38. The business's 50-day moving average price is $160.04 and its 200 day moving average price is $166.04. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88.

Quaker Chemical (NYSE:KWR - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share for the quarter, missing analysts' consensus estimates of $2.08 by ($0.19). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm had revenue of $462.27 million during the quarter, compared to analysts' expectations of $469.17 million. During the same period in the previous year, the company earned $2.05 earnings per share. The business's quarterly revenue was down 5.8% on a year-over-year basis. On average, equities analysts forecast that Quaker Chemical Co. will post 7.78 earnings per share for the current fiscal year.

Quaker Chemical Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, January 17th. Quaker Chemical's dividend payout ratio (DPR) is currently 28.45%.

Insider Transactions at Quaker Chemical

In related news, SVP David Slinkman sold 1,700 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $167.80, for a total transaction of $285,260.00. Following the completion of the sale, the senior vice president now owns 2,825 shares of the company's stock, valued at $474,035. This represents a 37.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeewat Bijlani sold 645 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $165.98, for a total value of $107,057.10. Following the transaction, the executive vice president now directly owns 4,747 shares of the company's stock, valued at $787,907.06. This trade represents a 11.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On Quaker Chemical

Hedge funds have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. boosted its position in shares of Quaker Chemical by 112.8% during the third quarter. Harbor Capital Advisors Inc. now owns 8,903 shares of the specialty chemicals company's stock worth $1,500,000 after buying an additional 4,720 shares during the period. Cerity Partners LLC boosted its holdings in shares of Quaker Chemical by 485.5% in the third quarter. Cerity Partners LLC now owns 64,631 shares of the specialty chemicals company's stock valued at $10,890,000 after acquiring an additional 53,592 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Quaker Chemical by 68.3% during the second quarter. ProShare Advisors LLC now owns 67,812 shares of the specialty chemicals company's stock valued at $11,508,000 after acquiring an additional 27,514 shares during the period. Renaissance Technologies LLC raised its holdings in Quaker Chemical by 37.4% during the second quarter. Renaissance Technologies LLC now owns 21,300 shares of the specialty chemicals company's stock worth $3,615,000 after purchasing an additional 5,800 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Quaker Chemical in the second quarter worth approximately $599,000. 77.46% of the stock is currently owned by institutional investors.

Quaker Chemical Company Profile

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.