ValuEngine Lowers Quaker Chemical (NYSE:KWR) to Hold

ValuEngine downgraded shares of Quaker Chemical (NYSE:KWR) from a buy rating to a hold rating in a research note released on Friday, ValuEngine reports.

Several other brokerages have also issued reports on KWR. Janney Montgomery Scott raised shares of Quaker Chemical from a neutral rating to a buy rating in a report on Friday, June 7th. Zacks Investment Research lowered shares of Quaker Chemical from a hold rating to a sell rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $193.00.

Shares of Quaker Chemical stock opened at $158.88 on Friday. The firm has a market capitalization of $2.07 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 2.31 and a beta of 1.52. The company has a current ratio of 2.69, a quick ratio of 2.07 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average is $183.31 and its 200 day moving average is $198.19. Quaker Chemical has a 1 year low of $154.62 and a 1 year high of $224.30.

Quaker Chemical (NYSE:KWR) last announced its quarterly earnings results on Thursday, August 1st. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.56. The company had revenue of $205.87 million for the quarter, compared to analyst estimates of $223.15 million. Quaker Chemical had a net margin of 6.69% and a return on equity of 18.35%. The firm’s revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.56 EPS. As a group, research analysts anticipate that Quaker Chemical will post 6.11 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Quaker Chemical by 0.5% during the 2nd quarter. BlackRock Inc. now owns 1,914,617 shares of the specialty chemicals company’s stock worth $388,437,000 after acquiring an additional 9,512 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Quaker Chemical by 36.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,426,977 shares of the specialty chemicals company’s stock worth $289,505,000 after acquiring an additional 380,431 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Quaker Chemical by 3.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 742,144 shares of the specialty chemicals company’s stock worth $145,750,000 after acquiring an additional 22,997 shares during the last quarter. Northern Trust Corp grew its holdings in Quaker Chemical by 0.9% during the 2nd quarter. Northern Trust Corp now owns 185,978 shares of the specialty chemicals company’s stock worth $37,731,000 after acquiring an additional 1,658 shares during the last quarter. Finally, Copeland Capital Management LLC grew its holdings in Quaker Chemical by 21.3% during the 2nd quarter. Copeland Capital Management LLC now owns 165,914 shares of the specialty chemicals company’s stock worth $33,660,000 after acquiring an additional 29,122 shares during the last quarter. 97.67% of the stock is currently owned by hedge funds and other institutional investors.

Quaker Chemical Company Profile

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. The company's products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.

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