Quaker Chemical (NYSE:KWR) Reaches New 12-Month Low - Time to Sell?

Quaker Chemical Co. (NYSE:KWR - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $150.79 and last traded at $150.79, with a volume of 19936 shares. The stock had previously closed at $152.51.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Royal Bank of Canada decreased their target price on shares of Quaker Chemical from $195.00 to $180.00 and set an "outperform" rating for the company in a report on Monday, November 4th. StockNews.com raised shares of Quaker Chemical from a "hold" rating to a "buy" rating in a research note on Thursday, November 28th. Piper Sandler boosted their target price on shares of Quaker Chemical from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Quaker Chemical from $190.00 to $182.00 and set a "buy" rating for the company in a research report on Monday, November 4th.

Quaker Chemical Price Performance

The stock has a market capitalization of $2.72 billion, a PE ratio of 22.39, a P/E/G ratio of 1.85 and a beta of 1.38. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The stock's 50-day moving average is $160.81 and its 200 day moving average is $166.70.

Quaker Chemical (NYSE:KWR - Get Free Report) last issued its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (EPS) 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 company had revenue of $462.27 million for the quarter, compared to analyst estimates of $469.17 million. During the same period last year, the business earned $2.05 EPS. The company's quarterly revenue was down 5.8% on a year-over-year basis. As a group, equities analysts predict that Quaker Chemical Co. will post 7.78 earnings per share for the current year.

Quaker Chemical Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, January 17th. Quaker Chemical's dividend payout ratio (DPR) is presently 28.45%.

Insider Activity

In related news, SVP David Slinkman sold 1,700 shares of Quaker Chemical stock in a transaction on Monday, November 25th. The shares were sold at an average price of $167.80, for a total value 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 approximately $474,035. The trade was a 37.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeewat Bijlani sold 645 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $165.98, for a total transaction of $107,057.10. Following the transaction, the executive vice president now directly owns 4,747 shares in the company, valued at $787,907.06. The trade was a 11.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Quaker Chemical

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC raised its position in shares of Quaker Chemical by 53.3% in the third quarter. Lord Abbett & CO. LLC now owns 46,158 shares of the specialty chemicals company's stock valued at $7,777,000 after purchasing an additional 16,051 shares during the period. Franklin Resources Inc. grew its stake in Quaker Chemical by 12.8% in the 3rd quarter. Franklin Resources Inc. now owns 13,483 shares of the specialty chemicals company's stock valued at $2,184,000 after buying an additional 1,532 shares during the last quarter. Geode Capital Management LLC raised its holdings in Quaker Chemical by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 312,784 shares of the specialty chemicals company's stock worth $52,713,000 after acquiring an additional 3,118 shares during the period. Barclays PLC lifted its position in Quaker Chemical by 284.2% during the 3rd quarter. Barclays PLC now owns 28,395 shares of the specialty chemicals company's stock worth $4,784,000 after acquiring an additional 21,004 shares during the last quarter. Finally, iSAM Funds UK Ltd bought a new stake in Quaker Chemical during the third quarter valued at about $208,000. 77.46% of the stock is currently owned by institutional investors and hedge funds.

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.