Quaker Houghton (NYSE:KWR) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Quaker Houghton (NYSE:KWR) from a buy rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

KWR has been the subject of a number of other reports. Weiss Ratings raised Quaker Houghton from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Truist Financial reissued a “buy” rating and issued a $190.00 price objective (up from $172.00) on shares of Quaker Houghton in a research report on Monday, August 3rd. Royal Bank Of Canada upped their price objective on Quaker Houghton from $198.00 to $202.00 and gave the company an “outperform” rating in a research note on Thursday, October 15th. Deutsche Bank Aktiengesellschaft upped their price objective on Quaker Houghton from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Finally, Zacks Research lowered Quaker Houghton from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $186.00.

Quaker Houghton Stock Down 1.8%

Shares of NYSE:KWR opened at $148.16 on Friday. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 1.06 and a beta of 1.40. The company has a quick ratio of 1.70, a current ratio of 2.46 and a debt-to-equity ratio of 0.62. Quaker Houghton has a 12-month low of $112.18 and a 12-month high of $183.01. The business’s 50 day moving average is $158.47 and its 200 day moving average is $150.41.

Quaker Houghton (NYSE:KWR) last released its quarterly earnings results on Thursday, October 29th. The specialty chemicals company reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.29. Quaker Houghton had a return on equity of 9.55% and a net margin of 4.94%. The business had revenue of $544.55 million during the quarter, compared to analyst estimates of $522.88 million. During the same period in the prior year, the firm posted $2.08 EPS. Quaker Houghton’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, sell-side analysts forecast that Quaker Houghton will post 7.85 earnings per share for the current fiscal year.

Institutional Trading of Quaker Houghton

Several hedge funds have recently made changes to their positions in the company. Provenance Wealth Advisors LLC bought a new position in shares of Quaker Houghton in the third quarter worth $345,000. Bridge City Capital LLC raised its stake in shares of Quaker Houghton by 21.3% during the 3rd quarter. Bridge City Capital LLC now owns 20,858 shares of the specialty chemicals company’s stock valued at $3,291,000 after purchasing an additional 3,666 shares during the period. ProShare Advisors LLC lifted its holdings in Quaker Houghton by 37.4% during the 3rd quarter. ProShare Advisors LLC now owns 66,560 shares of the specialty chemicals company’s stock worth $10,501,000 after purchasing an additional 18,109 shares in the last quarter. Contravisory Investment Management Inc. lifted its holdings in Quaker Houghton by 14.4% during the 3rd quarter. Contravisory Investment Management Inc. now owns 2,212 shares of the specialty chemicals company’s stock worth $349,000 after purchasing an additional 278 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of Quaker Houghton by 2.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,111 shares of the specialty chemicals company’s stock valued at $494,000 after buying an additional 83 shares during the period. 77.46% of the stock is currently owned by institutional investors.

Quaker Houghton Company Profile

Quaker Houghton (NYSE:KWR) is a global provider of industrial process fluids and chemical products used in manufacturing and other heavy industries. The company develops, produces and supplies fluids, lubricants, cleaners, corrosion preventives and specialty chemical solutions designed to support metalworking, forming, treating and finishing processes.

Its products are used by customers in industries including steel, aluminum, automotive, aerospace, mining, machinery, metal packaging and other general manufacturing markets.