Advantage Alpha Capital Partners LP Purchases 8,215 Shares of Quaker Houghton $KWR

Advantage Alpha Capital Partners LP boosted its position in Quaker Houghton (NYSE:KWR) by 21.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 46,853 shares of the specialty chemicals company’s stock after purchasing an additional 8,215 shares during the period. Quaker Houghton comprises 1.4% of Advantage Alpha Capital Partners LP’s investment portfolio, making the stock its 11th biggest position. Advantage Alpha Capital Partners LP owned approximately 0.27% of Quaker Houghton worth $5,245,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. TD Waterhouse Canada Inc. bought a new position in shares of Quaker Houghton in the second quarter valued at approximately $30,000. GAMMA Investing LLC grew its stake in Quaker Houghton by 151.2% in the 2nd quarter. GAMMA Investing LLC now owns 912 shares of the specialty chemicals company’s stock valued at $102,000 after purchasing an additional 549 shares during the period. Caitong International Asset Management Co. Ltd increased its position 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 last quarter. Integrated Wealth Concepts LLC raised 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 worth $204,000 after purchasing an additional 109 shares during the period. Finally, Bryn Mawr Trust Advisors LLC purchased a new position in shares of Quaker Houghton in the 2nd quarter worth about $216,000. Institutional investors own 77.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KWR. Weiss Ratings restated a “sell (d)” rating on shares of Quaker Houghton in a report on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on shares of Quaker Houghton from $149.00 to $171.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Quaker Houghton in a report on Wednesday, August 13th. Finally, Zacks Research raised shares of Quaker Houghton from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Quaker Houghton has an average rating of “Hold” and an average price target of $152.33.

Quaker Houghton Price Performance

KWR stock opened at $138.68 on Friday. The firm has a 50 day simple moving average of $132.99 and a two-hundred day simple moving average of $126.90. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.56 and a quick ratio of 1.87. The stock has a market cap of $2.40 billion, a PE ratio of -322.49, a P/E/G ratio of 1.67 and a beta of 1.47. Quaker Houghton has a one year low of $95.91 and a one year high of $161.46.

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

Quaker Houghton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be issued a $0.508 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, January 16th. Quaker Houghton’s dividend payout ratio is presently -414.29%.

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.