Quaker Chemical (NYSE:KWR) Hits New 52-Week Low - Time to Sell?

Quaker Chemical Co. (NYSE:KWR - Get Free Report) reached a new 52-week low on Friday . The company traded as low as $124.00 and last traded at $125.20, with a volume of 31016 shares trading hands. The stock had previously closed at $129.79.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KWR. StockNews.com cut shares of Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Royal Bank of Canada lowered their target price on shares of Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Finally, Piper Sandler reiterated a "neutral" rating and set a $170.00 target price (down previously from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th.

Quaker Chemical Trading Up 0.1 %

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The business has a fifty day simple moving average of $136.16 and a 200 day simple moving average of $148.30. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43.

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

Quaker Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.485 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.57%. Quaker Chemical's dividend payout ratio (DPR) is currently 29.80%.

Hedge Funds Weigh In On Quaker Chemical

Several large investors have recently bought and sold shares of KWR. Charles Schwab Investment Management Inc. increased its stake in Quaker Chemical by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 162,401 shares of the specialty chemicals company's stock valued at $27,363,000 after purchasing an additional 3,951 shares in the last quarter. Citigroup Inc. raised its stake in shares of Quaker Chemical by 4.1% during the 3rd quarter. Citigroup Inc. now owns 37,229 shares of the specialty chemicals company's stock valued at $6,273,000 after purchasing an additional 1,472 shares during the period. BNP Paribas Financial Markets increased its position in shares of Quaker Chemical by 4.9% during the third quarter. BNP Paribas Financial Markets now owns 22,544 shares of the specialty chemicals company's stock valued at $3,798,000 after buying an additional 1,046 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 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 valued at $582,000 after purchasing an additional 754 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of Quaker Chemical in the third quarter worth approximately $215,000. 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.