Quaker Chemical (NYSE:KWR) Rating Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of Quaker Chemical (NYSE:KWR) from a buy rating to a hold rating in a report released on Thursday.

A number of other analysts have also weighed in on the stock. Royal Bank of Canada decreased their target price on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Monday, November 4th.

Quaker Chemical Stock Performance

KWR stock traded up $0.05 during midday trading on Thursday, reaching $169.95. 134,306 shares of the company’s stock traded hands, compared to its average volume of 95,552. The firm has a market capitalization of $3.02 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 2.15 and a beta of 1.38. The company has a 50-day moving average price of $162.94 and a two-hundred day moving average price of $171.41. Quaker Chemical has a 52 week low of $151.31 and a 52 week high of $221.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The company had revenue of $462.27 million for the quarter, compared to analysts’ expectations of $469.17 million. During the same period last year, the company posted $2.05 EPS. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities analysts anticipate that Quaker Chemical will post 7.88 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Intech Investment Management LLC raised its position in Quaker Chemical by 79.1% during the third quarter. Intech Investment Management LLC now owns 6,321 shares of the specialty chemicals company’s stock valued at $1,065,000 after purchasing an additional 2,791 shares in the last quarter. King Luther Capital Management Corp raised its holdings in shares of Quaker Chemical by 5.6% during the 3rd quarter. King Luther Capital Management Corp now owns 23,591 shares of the specialty chemicals company’s stock valued at $3,975,000 after buying an additional 1,249 shares in the last quarter. Quest Partners LLC lifted its position in Quaker Chemical by 29.4% in the 3rd quarter. Quest Partners LLC now owns 16,203 shares of the specialty chemicals company’s stock worth $2,730,000 after buying an additional 3,683 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in Quaker Chemical by 108.3% in the third quarter. Mutual of America Capital Management LLC now owns 56,906 shares of the specialty chemicals company’s stock worth $9,588,000 after buying an additional 29,584 shares in the last quarter. Finally, Seizert Capital Partners LLC grew its position in Quaker Chemical by 122.7% during the third quarter. Seizert Capital Partners LLC now owns 20,067 shares of the specialty chemicals company’s stock valued at $3,381,000 after acquiring an additional 11,058 shares during the last quarter. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

About Quaker Chemical

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.