Quaker Chemical (NYSE:KWR) Price Target Cut to $169.00 by Analysts at Royal Bank of Canada

Quaker Chemical (NYSE:KWR) had its target price lowered by Royal Bank of Canada from $172.00 to $169.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the specialty chemicals company’s stock.

A number of other analysts also recently issued reports on KWR. Deutsche Bank Aktiengesellschaft cut their target price on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Piper Sandler reaffirmed a “neutral” rating and issued a $170.00 target price (down from $200.00) on shares of Quaker Chemical in a research note on Tuesday, January 7th. Finally, StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

Quaker Chemical Stock Down 4.3 %

NYSE KWR opened at $138.26 on Wednesday. The business has a fifty day moving average price of $138.22 and a 200 day moving average price of $153.74. Quaker Chemical has a one year low of $124.66 and a one year high of $207.83. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The company has a market cap of $2.46 billion, a P/E ratio of 20.27, a P/E/G ratio of 1.62 and a beta of 1.39.

Quaker Chemical (NYSE:KWR) 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). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm had revenue of $444.09 million during the quarter, compared to analyst estimates of $430.47 million. During the same period in the prior year, the company posted $1.78 earnings per share. Research analysts anticipate that Quaker Chemical will post 7.75 EPS for the current fiscal year.

Quaker Chemical Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Wednesday, April 16th. Quaker Chemical’s dividend payout ratio is presently 28.45%.

Hedge Funds Weigh In On Quaker Chemical

Hedge funds have recently modified their holdings of the business. TD Waterhouse Canada Inc. purchased a new position in shares of Quaker Chemical during the 4th quarter worth $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Quaker Chemical during the 4th quarter worth $58,000. KBC Group NV grew its holdings 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 worth $88,000 after purchasing an additional 177 shares during the period. Covestor Ltd grew its holdings in shares of 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 purchasing an additional 132 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Quaker Chemical by 100.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company’s stock worth $153,000 after purchasing an additional 453 shares during the period. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

About Quaker Chemical

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.