Citigroup Inc. Sells 275,040 Shares of Quaker Houghton $KWR

Citigroup Inc. lowered its holdings in shares of Quaker Houghton (NYSE:KWR) by 77.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,541 shares of the specialty chemicals company’s stock after selling 275,040 shares during the period. Citigroup Inc. owned approximately 0.45% of Quaker Houghton worth $10,348,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. TD Waterhouse Canada Inc. bought a new stake in shares of Quaker Houghton in the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC increased its position in Quaker Houghton by 284.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 304 shares of the specialty chemicals company’s stock valued at $34,000 after buying an additional 225 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Quaker Houghton by 87.1% during the third quarter. Smartleaf Asset Management LLC now owns 348 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 162 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Quaker Houghton by 54.4% in the second quarter. Osaic Holdings Inc. now owns 673 shares of the specialty chemicals company’s stock worth $76,000 after acquiring an additional 237 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Quaker Houghton in the second quarter worth $78,000. Institutional investors own 77.46% of the company’s stock.

Quaker Houghton Price Performance

Shares of NYSE:KWR opened at $147.07 on Friday. Quaker Houghton has a fifty-two week low of $95.91 and a fifty-two week high of $183.01. The business has a 50-day simple moving average of $156.90 and a two-hundred day simple moving average of $143.40. 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 firm has a market cap of $2.55 billion, a price-to-earnings ratio of -1,225.44, a price-to-earnings-growth ratio of 1.38 and a beta of 1.35.

Quaker Houghton (NYSE:KWR) last announced its quarterly earnings results on Monday, February 23rd. The specialty chemicals company reported $1.65 earnings per share (EPS) 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 company had revenue of $468.48 million for the quarter, compared to analysts’ expectations of $465.17 million. During the same period in the previous year, the business earned $1.33 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. On average, analysts expect that Quaker Houghton will post 7.75 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Quaker Houghton from a “buy” rating to a “hold” rating in a research report on Sunday. Royal Bank Of Canada reduced their price objective on shares of Quaker Houghton from $190.00 to $184.00 and set an “outperform” rating for the company in a research note on Wednesday. Zacks Research upgraded shares of Quaker Houghton from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $203.00 price target on shares of Quaker Houghton in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $175.67.

About Quaker Houghton

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.