Quaker Chemical (NYSE:KWR) Trading Down 3.2% After Analyst Downgrade

Quaker Chemical Co. (NYSE:KWR - Get Free Report) traded down 3.2% during mid-day trading on Wednesday 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 $119.68 and last traded at $119.72. 15,598 shares were traded during mid-day trading, a decline of 90% from the average session volume of 154,804 shares. The stock had previously closed at $123.67.

Several other equities analysts also recently issued reports on KWR. StockNews.com downgraded Quaker Chemical from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Royal Bank of Canada reduced their price objective on Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th.

Institutional Investors Weigh In On Quaker Chemical

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KWR. Raymond James Financial Inc. acquired a new stake in Quaker Chemical during the fourth quarter worth about $28,978,000. JPMorgan Chase & Co. boosted its holdings in Quaker Chemical by 19.2% during the fourth quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company's stock worth $106,870,000 after buying an additional 122,494 shares in the last quarter. Royce & Associates LP grew its position in Quaker Chemical by 27.8% during the fourth quarter. Royce & Associates LP now owns 555,219 shares of the specialty chemicals company's stock valued at $78,153,000 after buying an additional 120,916 shares during the period. Norges Bank acquired a new stake in shares of Quaker Chemical during the 4th quarter valued at about $13,399,000. Finally, Marshall Wace LLP lifted its position in shares of Quaker Chemical by 92.3% during the 4th quarter. Marshall Wace LLP now owns 187,715 shares of the specialty chemicals company's stock valued at $26,423,000 after buying an additional 90,078 shares in the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.

Quaker Chemical Trading Down 4.5 %

The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 1.62 and a beta of 1.44. The company's 50-day moving average price is $134.67 and its 200-day moving average price is $147.17. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR - Get Free Report) last posted its quarterly earnings data 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 last year, the firm posted $1.78 earnings per share. Equities analysts expect that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a dividend of $0.485 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 annualized dividend and a yield of 1.92%. Quaker Chemical's dividend payout ratio is presently 29.80%.

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.