Mutual of America Capital Management LLC Increases Position in Quaker Houghton $KWR

Mutual of America Capital Management LLC grew its stake in Quaker Houghton (NYSE:KWR) by 6.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,852 shares of the specialty chemicals company’s stock after acquiring an additional 6,111 shares during the quarter. Mutual of America Capital Management LLC owned about 0.59% of Quaker Houghton worth $11,625,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in Quaker Houghton by 390.5% during the 1st quarter. GAMMA Investing LLC now owns 363 shares of the specialty chemicals company’s stock worth $45,000 after buying an additional 289 shares during the last quarter. SG Americas Securities LLC purchased a new position in Quaker Houghton during the 1st quarter worth $397,000. Fifth Third Bancorp grew its stake in Quaker Houghton by 119.7% during the 1st quarter. Fifth Third Bancorp now owns 391 shares of the specialty chemicals company’s stock worth $48,000 after buying an additional 213 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Quaker Houghton by 25.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,882 shares of the specialty chemicals company’s stock worth $480,000 after buying an additional 778 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Quaker Houghton by 7.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,671 shares of the specialty chemicals company’s stock worth $207,000 after buying an additional 112 shares during the last quarter. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KWR has been the topic of several research analyst reports. Royal Bank Of Canada set a $135.00 target price on Quaker Houghton and gave the stock an “outperform” rating in a research note on Monday, August 4th. Weiss Ratings restated a “sell (d)” rating on shares of Quaker Houghton in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Quaker Houghton in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $150.75.

Quaker Houghton Stock Performance

Shares of KWR opened at $130.42 on Monday. The stock has a 50-day moving average of $136.67 and a two-hundred day moving average of $120.92. Quaker Houghton has a one year low of $95.91 and a one year high of $180.96. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.87 and a current ratio of 2.56. The stock has a market cap of $2.27 billion, a P/E ratio of -303.30, a P/E/G ratio of 1.45 and a beta of 1.42.

Quaker Houghton (NYSE:KWR) last issued its quarterly earnings results on Thursday, July 31st. The specialty chemicals company reported $1.71 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.11). Quaker Houghton had a positive return on equity of 8.35% and a negative net margin of 0.39%.The firm had revenue of $483.40 million for the quarter, compared to analyst estimates of $463.57 million. During the same period in the prior year, the firm posted $2.13 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. As a group, research analysts predict that Quaker Houghton will post 7.75 EPS for the current year.

Quaker Houghton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a $0.508 dividend. This is a boost from Quaker Houghton’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.03 annualized dividend and a dividend yield of 1.6%. Quaker Houghton’s payout ratio is presently -472.09%.

Quaker Houghton 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.