Quaker Houghton (NYSE:KWR) Stock Crosses Above 200 Day Moving Average – Here’s Why

Quaker Houghton (NYSE:KWR)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $141.12 and traded as high as $147.75. Quaker Houghton shares last traded at $147.4960, with a volume of 87,581 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Royal Bank Of Canada raised their price target on shares of Quaker Houghton from $151.00 to $157.00 and gave the stock an “outperform” rating in a report on Monday. Jefferies Financial Group reduced their price target on shares of Quaker Houghton from $203.00 to $175.00 and set a “buy” rating for the company in a report on Monday, April 6th. Weiss Ratings upgraded shares of Quaker Houghton from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. Seaport Research Partners upgraded shares of Quaker Houghton from a “neutral” rating to a “buy” rating and set a $175.00 price objective for the company in a report on Friday, April 17th. Finally, Zacks Research cut shares of Quaker Houghton from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $166.00.

Quaker Houghton Price Performance

The company has a debt-to-equity ratio of 0.61, a current ratio of 2.45 and a quick ratio of 1.72. The business’s fifty day moving average price is $131.05 and its 200-day moving average price is $141.12. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 526.79, a PEG ratio of 0.96 and a beta of 1.42.

Quaker Houghton (NYSE:KWR) last released its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.03). Quaker Houghton had a net margin of 0.22% and a return on equity of 9.03%. The firm had revenue of $480.48 million for the quarter, compared to the consensus estimate of $463.70 million. During the same period in the previous year, the business earned $1.58 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, research analysts forecast that Quaker Houghton will post 7.43 EPS for the current year.

Quaker Houghton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were given a dividend of $0.508 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, April 16th. Quaker Houghton’s dividend payout ratio (DPR) is presently 725.00%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Quaker Houghton during the fourth quarter valued at about $27,000. Aster Capital Management DIFC Ltd bought a new position in shares of Quaker Houghton during the third quarter valued at about $28,000. EverSource Wealth Advisors LLC lifted its position in shares of Quaker Houghton by 284.8% during the second quarter. EverSource Wealth Advisors LLC now owns 304 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 225 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Quaker Houghton by 165.0% during the fourth quarter. Farther Finance Advisors LLC now owns 273 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 170 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Quaker Houghton by 87.1% during the third quarter. Smartleaf Asset Management LLC now owns 348 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 162 shares in the last quarter. 77.46% of the stock is owned by institutional investors.

Quaker Houghton Company Profile

Quaker Houghton is a global provider of process fluids, chemical specialties and sustainable solutions for industrial applications. The company develops and supplies metalworking fluids, coatings, and corrosion inhibitors, as well as heat transfer, lubrication and additive products designed to improve productivity and extend equipment life. Its portfolio addresses a range of end markets including automotive, aerospace, defense, energy, mining, agriculture and heavy industry.

The company traces its roots back to the founding of Quaker Chemical Corporation in 1918 and Houghton International in 1865.