Quaker Chemical (NYSE:KWR) Hits New 52-Week Low After Analyst Downgrade

Quaker Chemical Co. (NYSE:KWR - Get Free Report) shares hit a new 52-week low on Thursday after Piper Sandler lowered their price target on the stock from $170.00 to $140.00. Piper Sandler currently has a neutral rating on the stock. Quaker Chemical traded as low as $119.57 and last traded at $124.36, with a volume of 129652 shares trading hands. The stock had previously closed at $123.67.

Several other research analysts 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 on the stock in a research note on Wednesday, February 26th. StockNews.com lowered Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th.

Institutional Investors Weigh In On Quaker Chemical

A number of large investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Quaker Chemical by 27.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,452 shares of the specialty chemicals company's stock worth $582,000 after acquiring an additional 754 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Quaker Chemical by 30.7% during the third quarter. HighTower Advisors LLC now owns 1,795 shares of the specialty chemicals company's stock worth $312,000 after purchasing an additional 422 shares during the period. Janus Henderson Group PLC boosted its position in Quaker Chemical by 917.6% in the third quarter. Janus Henderson Group PLC now owns 57,370 shares of the specialty chemicals company's stock valued at $9,666,000 after buying an additional 51,732 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in Quaker Chemical by 380.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 7,200 shares of the specialty chemicals company's stock worth $1,213,000 after buying an additional 5,700 shares during the period. Finally, Stifel Financial Corp raised its position in Quaker Chemical by 8.5% during the 3rd quarter. Stifel Financial Corp now owns 14,316 shares of the specialty chemicals company's stock worth $2,412,000 after buying an additional 1,117 shares during the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

Quaker Chemical Stock Performance

The firm's 50 day simple moving average is $133.83 and its 200 day simple moving average is $146.67. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.62 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54.

Quaker Chemical (NYSE:KWR - Get Free Report) last posted 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 business had revenue of $444.09 million during the quarter, compared to analysts' expectations of $430.47 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. During the same period in the previous year, the company posted $1.78 earnings per share. Sell-side analysts forecast that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical's dividend payout ratio (DPR) is 29.80%.

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.