Envestnet Asset Management Inc. Raises Position in Quaker Houghton $KWR

Envestnet Asset Management Inc. boosted its position in Quaker Houghton (NYSE:KWR) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,170 shares of the specialty chemicals company’s stock after purchasing an additional 3,396 shares during the period. Envestnet Asset Management Inc. owned about 0.57% of Quaker Houghton worth $13,066,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of KWR. Cornerstone Planning Group LLC bought a new position in shares of Quaker Houghton during the 3rd quarter worth $97,000. WCM Investment Management LLC boosted its stake in Quaker Houghton by 14.2% in the 3rd quarter. WCM Investment Management LLC now owns 124,513 shares of the specialty chemicals company’s stock worth $16,406,000 after purchasing an additional 15,461 shares during the period. Principal Financial Group Inc. lifted its stake in Quaker Houghton by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 81,513 shares of the specialty chemicals company’s stock worth $10,739,000 after purchasing an additional 2,155 shares in the last quarter. Keybank National Association OH bought a new stake in Quaker Houghton during the third quarter valued at $241,000. Finally, Bryn Mawr Trust Advisors LLC grew its holdings in shares of Quaker Houghton by 18.7% during the third quarter. Bryn Mawr Trust Advisors LLC now owns 2,291 shares of the specialty chemicals company’s stock worth $302,000 after purchasing an additional 361 shares in the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

Quaker Houghton Trading Up 0.9%

Quaker Houghton stock opened at $179.11 on Tuesday. Quaker Houghton has a 12 month low of $95.91 and a 12 month high of $182.58. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of -365.54, a price-to-earnings-growth ratio of 1.69 and a beta of 1.35. The business’s fifty day simple moving average is $152.56 and its two-hundred day simple moving average is $141.07. The company has a current ratio of 2.47, a quick ratio of 1.77 and a debt-to-equity ratio of 0.61.

Quaker Houghton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were paid a $0.508 dividend. The ex-dividend date was Friday, January 16th. This represents a $2.03 annualized dividend and a dividend yield of 1.1%. Quaker Houghton’s payout ratio is currently -414.29%.

Wall Street Analysts Forecast Growth

KWR has been the topic of several research reports. Wall Street Zen downgraded shares of Quaker Houghton from a “buy” rating to a “hold” rating in a research note on Saturday, January 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $190.00 price target on shares of Quaker Houghton in a report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Quaker Houghton from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Three 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $158.67.

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.