Quaker Houghton (NYSE:KWR) Downgraded to Hold Rating by Wall Street Zen

Quaker Houghton (NYSE:KWR) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

Several other analysts also recently commented on the stock. Zacks Research upgraded shares of Quaker Houghton from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Jefferies Financial Group restated a “buy” rating and issued a $203.00 price objective on shares of Quaker Houghton in a research note on Thursday. Finally, Royal Bank Of Canada decreased their target price 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. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $175.67.

Quaker Houghton Stock Down 0.7%

NYSE:KWR opened at $147.07 on Friday. The company’s 50 day moving average is $156.90 and its two-hundred day moving average is $143.40. The company has a market cap of $2.55 billion, a PE ratio of -1,225.44, a P/E/G ratio of 1.38 and a beta of 1.35. The company has a current ratio of 2.42, a quick ratio of 1.77 and a debt-to-equity ratio of 0.61. Quaker Houghton has a twelve month low of $95.91 and a twelve month high of $183.01.

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). The firm had revenue of $468.48 million during the quarter, compared to analysts’ expectations of $465.17 million. Quaker Houghton had a negative net margin of 0.13% and a positive return on equity of 8.99%. Quaker Houghton’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 EPS. Analysts anticipate that Quaker Houghton will post 7.75 EPS for the current year.

Institutional Trading of Quaker Houghton

Several hedge funds and other institutional investors have recently made changes to their positions in KWR. Kohmann Bosshard Financial Services LLC purchased a new position in Quaker Houghton during the fourth quarter worth about $27,000. Aster Capital Management DIFC Ltd purchased a new stake in Quaker Houghton in the 3rd quarter valued at approximately $28,000. TD Waterhouse Canada Inc. acquired a new position in Quaker Houghton during 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 worth $34,000 after purchasing an additional 225 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Quaker Houghton by 165.0% during the 4th quarter. Farther Finance Advisors LLC now owns 273 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 170 shares in the last quarter. Hedge funds and other 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.