Quaker Chemical (NYSE:KWR) Stock Rating Upgraded by StockNews.com

Quaker Chemical (NYSE:KWR) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

KWR has been the topic of a number of other reports. Royal Bank of Canada lowered their target price on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Piper Sandler boosted their price objective on shares of Quaker Chemical from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Monday, November 4th.

Quaker Chemical Price Performance

Shares of NYSE KWR opened at $157.70 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The business has a 50-day moving average of $163.01 and a 200-day moving average of $169.28. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.88 and a beta of 1.38. Quaker Chemical has a fifty-two week low of $151.31 and a fifty-two week high of $221.94.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.19). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The company had revenue of $462.27 million for the quarter, compared to analyst estimates of $469.17 million. During the same period last year, the company posted $2.05 earnings per share. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, sell-side analysts predict that Quaker Chemical will post 7.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Quaker Chemical

In other news, SVP David Slinkman sold 1,700 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $167.80, for a total value of $285,260.00. Following the transaction, the senior vice president now owns 2,825 shares of the company’s stock, valued at approximately $474,035. This represents a 37.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeewat Bijlani sold 645 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $165.98, for a total value of $107,057.10. Following the completion of the sale, the executive vice president now owns 4,747 shares of the company’s stock, valued at $787,907.06. This trade represents a 11.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Quaker Chemical

Large investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp grew its stake in Quaker Chemical by 36.8% during the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 77 shares in the last quarter. GAMMA Investing LLC increased its stake in Quaker Chemical by 105.3% in the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 80 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Quaker Chemical by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the specialty chemicals company’s stock worth $1,188,000 after purchasing an additional 100 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Quaker Chemical by 6.6% in the 2nd quarter. Mackenzie Financial Corp now owns 1,778 shares of the specialty chemicals company’s stock valued at $302,000 after purchasing an additional 110 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Quaker Chemical by 1.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 13,001 shares of the specialty chemicals company’s stock valued at $2,191,000 after purchasing an additional 123 shares during the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Chemical Company 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.