Quaker Chemical (NYSE:KWR) Hits New 52-Week Low – Here’s What Happened

Quaker Chemical Co. (NYSE:KWR)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $95.91 and last traded at $96.67, with a volume of 243273 shares trading hands. The stock had previously closed at $101.90.

Analyst Ratings Changes

Several brokerages have 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 decreased their price target 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. Finally, Piper Sandler reduced their price objective on shares of Quaker Chemical from $170.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd.

Quaker Chemical Trading Down 5.1 %

The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $132.04 and a 200-day moving average price of $145.84. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 1.62 and a beta of 1.44.

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

Quaker Chemical Dividend Announcement

The firm also recently announced 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. This represents a $1.94 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical’s dividend payout ratio is presently 29.80%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. acquired a new position in shares of Quaker Chemical in the 4th quarter worth $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in Quaker Chemical in the 4th quarter worth about $58,000. Covestor Ltd raised its holdings in Quaker Chemical by 24.8% during the 4th quarter. Covestor Ltd now owns 665 shares of the specialty chemicals company’s stock worth $94,000 after buying an additional 132 shares during the period. KBC Group NV lifted its stake in Quaker Chemical by 32.8% during the fourth quarter. KBC Group NV now owns 697 shares of the specialty chemicals company’s stock valued at $98,000 after buying an additional 172 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd increased its position in shares of Quaker Chemical by 10,163.6% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,129 shares of the specialty chemicals company’s stock worth $159,000 after acquiring an additional 1,118 shares in the last quarter. Institutional investors and hedge funds 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.