Quaker Houghton (NYSE:KWR) Given New $184.00 Price Target at Royal Bank Of Canada

Quaker Houghton (NYSE:KWR) had its price target trimmed by Royal Bank Of Canada from $190.00 to $184.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the specialty chemicals company’s stock.

KWR has been the topic of several other reports. Wall Street Zen raised shares of Quaker Houghton from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Zacks Research raised shares of Quaker Houghton from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Quaker Houghton currently has an average rating of “Hold” and a consensus price target of $156.67.

Quaker Houghton Trading Down 5.3%

NYSE:KWR opened at $149.98 on Wednesday. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of -1,249.69, a price-to-earnings-growth ratio of 1.49 and a beta of 1.35. Quaker Houghton has a one year low of $95.91 and a one year high of $183.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.77 and a current ratio of 2.42. The business’s 50-day simple moving average is $156.77 and its 200 day simple moving average is $143.15.

Quaker Houghton (NYSE:KWR) last issued its quarterly earnings data on Monday, February 23rd. The specialty chemicals company reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.06). Quaker Houghton had a negative net margin of 0.13% and a positive return on equity of 8.99%. The business had revenue of $468.48 million for the quarter, compared to analyst estimates of $465.17 million. During the same quarter last year, the business earned $1.33 EPS. Quaker Houghton’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts predict that Quaker Houghton will post 7.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Quaker Houghton

A number of institutional investors have recently modified their holdings of the business. AQR Capital Management LLC boosted its stake in Quaker Houghton by 114.3% in the first quarter. AQR Capital Management LLC now owns 23,139 shares of the specialty chemicals company’s stock valued at $2,860,000 after acquiring an additional 12,341 shares during the period. Integrated Wealth Concepts LLC boosted its position in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Quaker Houghton by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,211 shares of the specialty chemicals company’s stock worth $1,015,000 after buying an additional 345 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Quaker Houghton by 29.2% in the first quarter. Goldman Sachs Group Inc. now owns 95,751 shares of the specialty chemicals company’s stock worth $11,836,000 after buying an additional 21,665 shares during the period. Finally, Intech Investment Management LLC increased its position in Quaker Houghton by 44.4% in the first quarter. Intech Investment Management LLC now owns 9,873 shares of the specialty chemicals company’s stock worth $1,220,000 after buying an additional 3,034 shares during the period. Institutional investors own 77.46% of the company’s stock.

Quaker Houghton Company Profile

Quaker Houghton is a global provider of process fluids, chemical specialties and sustainable solutions for industrial applications. The company develops and supplies metalworking fluids, coatings, and corrosion inhibitors, as well as heat transfer, lubrication and additive products designed to improve productivity and extend equipment life. Its portfolio addresses a range of end markets including automotive, aerospace, defense, energy, mining, agriculture and heavy industry.

The company traces its roots back to the founding of Quaker Chemical Corporation in 1918 and Houghton International in 1865.