Bessemer Group Inc. Purchases 379 Shares of Quaker Houghton $KWR

Bessemer Group Inc. raised its position in shares of Quaker Houghton (NYSE:KWR) by 18.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,399 shares of the specialty chemicals company’s stock after purchasing an additional 379 shares during the quarter. Bessemer Group Inc.’s holdings in Quaker Houghton were worth $268,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. First Horizon Advisors Inc. grew its stake in shares of Quaker Houghton by 400.0% during the 1st quarter. First Horizon Advisors Inc. now owns 230 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 184 shares during the period. GAMMA Investing LLC grew its stake in shares of Quaker Houghton by 390.5% during the 1st quarter. GAMMA Investing LLC now owns 363 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 289 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Quaker Houghton by 573.1% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 875 shares of the specialty chemicals company’s stock valued at $108,000 after purchasing an additional 745 shares during the period. CWM LLC grew its stake in shares of Quaker Houghton by 200.0% during the 1st quarter. CWM LLC now owns 1,053 shares of the specialty chemicals company’s stock valued at $130,000 after purchasing an additional 702 shares during the period. Finally, Integrated Wealth Concepts LLC grew its stake in shares of Quaker Houghton by 7.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,650 shares of the specialty chemicals company’s stock valued at $204,000 after purchasing an additional 109 shares during the period. 77.46% of the stock is currently owned by institutional investors.

Quaker Houghton Stock Performance

NYSE KWR opened at $132.92 on Tuesday. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of -309.11, a price-to-earnings-growth ratio of 1.67 and a beta of 1.42. The company has a quick ratio of 1.87, a current ratio of 2.56 and a debt-to-equity ratio of 0.67. The business has a 50-day moving average price of $135.78 and a 200-day moving average price of $123.32. Quaker Houghton has a twelve month low of $95.91 and a twelve month high of $180.96.

Quaker Houghton (NYSE:KWR) last posted its quarterly earnings results on Thursday, October 30th. The specialty chemicals company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.14. Quaker Houghton had a positive return on equity of 8.35% and a negative net margin of 0.39%.The business had revenue of $493.84 million during the quarter, compared to the consensus estimate of $475.06 million. During the same period in the prior year, the company posted $1.89 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities research analysts predict that Quaker Houghton will post 7.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KWR has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their price target on Quaker Houghton from $149.00 to $171.00 and gave the company an “outperform” rating in a research note on Monday. Zacks Research downgraded Quaker Houghton from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Quaker Houghton in a research note on Wednesday, August 13th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Quaker Houghton in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $152.33.

About Quaker Houghton

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.