Quaker Chemical Corporation (KWR) Receives $161.00 Average Price Target from Analysts

Quaker Chemical Corporation (NYSE:KWR) has been given an average rating of “Hold” by the six brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $161.00.

KWR has been the topic of a number of analyst reports. BidaskClub lowered Quaker Chemical from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Jefferies Group reissued a “hold” rating and issued a $153.00 price objective on shares of Quaker Chemical in a report on Sunday, September 3rd. Zacks Investment Research lowered Quaker Chemical from a “hold” rating to a “sell” rating in a report on Saturday, September 9th. FBR & Co set a $165.00 price objective on Quaker Chemical and gave the company a “hold” rating in a report on Friday, October 27th. Finally, B. Riley reissued a “neutral” rating on shares of Quaker Chemical in a report on Wednesday, November 1st.

In other news, Director Mark Douglas sold 1,575 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $164.23, for a total transaction of $258,662.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jan Nieman sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $145.00, for a total value of $145,000.00. Following the transaction, the vice president now owns 14,636 shares of the company’s stock, valued at $2,122,220. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,938 shares of company stock valued at $4,081,305. 3.60% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Flinton Capital Management LLC raised its holdings in Quaker Chemical by 29.7% during the second quarter. Flinton Capital Management LLC now owns 768 shares of the specialty chemicals company’s stock worth $111,000 after purchasing an additional 176 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in Quaker Chemical by 55.3% during the second quarter. Riverhead Capital Management LLC now owns 932 shares of the specialty chemicals company’s stock worth $135,000 after purchasing an additional 332 shares in the last quarter. Advisor Group Inc. raised its holdings in Quaker Chemical by 15.6% during the second quarter. Advisor Group Inc. now owns 954 shares of the specialty chemicals company’s stock worth $139,000 after purchasing an additional 129 shares in the last quarter. Everence Capital Management Inc. bought a new stake in Quaker Chemical during the second quarter worth approximately $212,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Quaker Chemical during the second quarter worth approximately $246,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Quaker Chemical (NYSE KWR) traded down $4.35 during trading hours on Friday, reaching $160.43. The company’s stock had a trading volume of 82,000 shares, compared to its average volume of 57,600. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 0.16. Quaker Chemical has a one year low of $124.92 and a one year high of $165.93. The stock has a market capitalization of $2,133.60, a price-to-earnings ratio of 32.02, a PEG ratio of 2.91 and a beta of 1.35.

Quaker Chemical (NYSE:KWR) last announced its earnings results on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.06. Quaker Chemical had a return on equity of 15.43% and a net margin of 5.93%. The business had revenue of $212.90 million for the quarter, compared to analyst estimates of $200.71 million. During the same period in the previous year, the company earned $1.25 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. research analysts predict that Quaker Chemical will post 5 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be paid a $0.355 dividend. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $1.42 dividend on an annualized basis and a yield of 0.89%. Quaker Chemical’s payout ratio is currently 40.00%.

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Quaker Chemical Company Profile

Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others. The Company’s segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.

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