Quaker Chemical’s (KWR) “Neutral” Rating Reiterated at Piper Sandler

Piper Sandler reaffirmed their neutral rating on shares of Quaker Chemical (NYSE:KWR) in a research note issued to investors on Tuesday, MarketBeat reports. The firm currently has a $170.00 price target on the specialty chemicals company’s stock, down from their previous price target of $200.00.

A number of other research firms have also weighed in on KWR. StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Royal Bank of Canada reduced their target price on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, November 4th.

Quaker Chemical Price Performance

KWR stock opened at $132.52 on Tuesday. The company has a market capitalization of $2.36 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 1.84 and a beta of 1.39. Quaker Chemical has a 52-week low of $131.49 and a 52-week high of $207.83. The business has a 50-day simple moving average of $154.40 and a two-hundred day simple moving average of $162.53. 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) last released its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). The company had revenue of $462.27 million during the quarter, compared to analysts’ expectations of $469.17 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.05 earnings per share. Research analysts expect that Quaker Chemical will post 7.78 EPS for the current fiscal year.

Quaker Chemical Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.94 annualized dividend and a yield of 1.46%. Quaker Chemical’s payout ratio is currently 28.45%.

Insider Buying and Selling

In other news, SVP David Slinkman sold 1,700 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $167.80, for a total transaction of $285,260.00. Following the completion of the transaction, the senior vice president now directly owns 2,825 shares of the company’s stock, valued at $474,035. This represents a 37.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeewat Bijlani sold 645 shares of Quaker Chemical stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 4,747 shares in the company, valued at $787,907.06. This trade represents a 11.96 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Quaker Chemical by 105.3% in the 3rd quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 80 shares during the period. Mackenzie Financial Corp increased its stake in shares of Quaker Chemical by 6.6% in the second quarter. Mackenzie Financial Corp now owns 1,778 shares of the specialty chemicals company’s stock worth $302,000 after purchasing an additional 110 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Quaker Chemical by 1.0% in the third quarter. Nisa Investment Advisors LLC now owns 13,001 shares of the specialty chemicals company’s stock valued at $2,191,000 after purchasing an additional 123 shares during the period. KBC Group NV lifted its stake in shares of Quaker Chemical by 50.9% during the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock valued at $88,000 after buying an additional 177 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Quaker Chemical by 5.1% in the 3rd quarter. Victory Capital Management Inc. now owns 5,332 shares of the specialty chemicals company’s stock worth $898,000 after buying an additional 259 shares during the period. Hedge funds and other institutional investors own 77.46% of the company’s stock.

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.