Shares of Quaker Chemical Co. (NYSE:KWR – Get Rating) have been given an average recommendation of “Hold” by the five analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $225.00.
Several analysts have recently commented on KWR shares. Seaport Res Ptn upgraded shares of Quaker Chemical from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 18th. Deutsche Bank Aktiengesellschaft lowered their target price on Quaker Chemical from $305.00 to $225.00 in a report on Tuesday, March 1st. StockNews.com initiated coverage on Quaker Chemical in a report on Thursday, March 31st. They issued a “hold” rating for the company. TheStreet lowered Quaker Chemical from a “b-” rating to a “c+” rating in a research note on Wednesday, March 2nd. Finally, Zacks Investment Research downgraded shares of Quaker Chemical from a “hold” rating to a “sell” rating in a research note on Tuesday, March 1st.
A number of large investors have recently modified their holdings of the business. Commonwealth Equity Services LLC lifted its holdings in shares of Quaker Chemical by 4.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,464 shares of the specialty chemicals company’s stock worth $799,000 after acquiring an additional 138 shares during the period. Bank of New York Mellon Corp raised its stake in Quaker Chemical by 0.8% during the third quarter. Bank of New York Mellon Corp now owns 134,137 shares of the specialty chemicals company’s stock worth $31,886,000 after purchasing an additional 1,079 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Quaker Chemical by 181.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 13,197 shares of the specialty chemicals company’s stock valued at $3,137,000 after purchasing an additional 8,514 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Quaker Chemical by 0.6% during the 3rd quarter. Voya Investment Management LLC now owns 8,232 shares of the specialty chemicals company’s stock valued at $1,957,000 after buying an additional 52 shares during the period. Finally, Copeland Capital Management LLC increased its holdings in shares of Quaker Chemical by 0.9% during the 4th quarter. Copeland Capital Management LLC now owns 209,093 shares of the specialty chemicals company’s stock worth $48,254,000 after buying an additional 1,857 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.
Quaker Chemical (NYSE:KWR – Get Rating) last released its quarterly earnings data on Thursday, February 24th. The specialty chemicals company reported $1.29 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.33). Quaker Chemical had a return on equity of 8.98% and a net margin of 6.89%. The business had revenue of $447.04 million during the quarter, compared to analysts’ expectations of $446.69 million. During the same quarter in the prior year, the firm earned $1.63 earnings per share. Quaker Chemical’s quarterly revenue was up 15.9% on a year-over-year basis. On average, analysts anticipate that Quaker Chemical will post 7.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Thursday, April 14th will be paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Wednesday, April 13th. Quaker Chemical’s dividend payout ratio is presently 24.52%.
Quaker Chemical Company Profile (Get Rating)
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications. The company operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses.
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