Wealth Enhancement Advisory Services LLC Has $480,000 Position in Quaker Houghton (NYSE:KWR)

Wealth Enhancement Advisory Services LLC boosted its position in shares of Quaker Houghton (NYSE:KWR) by 25.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,882 shares of the specialty chemicals company’s stock after purchasing an additional 778 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Quaker Houghton were worth $480,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Quaker Houghton by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 167,962 shares of the specialty chemicals company’s stock valued at $23,642,000 after buying an additional 5,561 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Quaker Houghton by 21.5% in the fourth quarter. Victory Capital Management Inc. now owns 6,479 shares of the specialty chemicals company’s stock valued at $912,000 after buying an additional 1,147 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Quaker Houghton in the fourth quarter valued at approximately $1,526,000. Aigen Investment Management LP acquired a new position in shares of Quaker Houghton in the fourth quarter valued at approximately $378,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Quaker Houghton in the fourth quarter valued at approximately $28,978,000. Institutional investors and hedge funds own 77.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KWR shares. Piper Sandler reduced their price target on shares of Quaker Houghton from $170.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. Jefferies Financial Group upgraded shares of Quaker Houghton from a “hold” rating to a “buy” rating and set a $146.00 price target for the company in a report on Monday, June 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Quaker Houghton currently has an average rating of “Moderate Buy” and a consensus price target of $159.25.

Quaker Houghton Stock Performance

Shares of KWR opened at $124.26 on Friday. Quaker Houghton has a 12 month low of $95.91 and a 12 month high of $193.74. The firm has a fifty day simple moving average of $110.64 and a 200 day simple moving average of $122.97. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 1.23 and a beta of 1.37. The company has a current ratio of 2.45, a quick ratio of 1.79 and a debt-to-equity ratio of 0.50.

Quaker Houghton (NYSE:KWR) last announced its earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.52 by $0.06. Quaker Houghton had a net margin of 5.20% and a return on equity of 8.86%. The business had revenue of $442.91 million during the quarter, compared to analysts’ expectations of $455.23 million. During the same quarter in the prior year, the company posted $2.09 earnings per share. The firm’s revenue was down 5.7% on a year-over-year basis. Research analysts forecast that Quaker Houghton will post 7.75 EPS for the current fiscal year.

Quaker Houghton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, July 17th. Quaker Houghton’s payout ratio is 36.67%.

Quaker Houghton 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.