Quaker Chemical (NYSE:KWR) Sets New 1-Year Low – Here’s What Happened

Quaker Chemical Co. (NYSE:KWR)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $131.49 and last traded at $132.52, with a volume of 136442 shares. The stock had previously closed at $136.77.

Analysts Set New Price Targets

A number of research firms recently commented on KWR. Royal Bank of Canada decreased their target price on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, November 4th. StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Piper Sandler reiterated a “neutral” rating and issued a $170.00 price objective (down previously from $200.00) on shares of Quaker Chemical in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Monday, November 4th.

Quaker Chemical Price Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The stock has a fifty day simple moving average of $154.40 and a 200-day simple moving average of $162.53. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 1.84 and a beta of 1.39.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share 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 firm had revenue of $462.27 million during the quarter, compared to analyst estimates of $469.17 million. During the same quarter last year, the company posted $2.05 EPS. The company’s revenue was down 5.8% on a year-over-year basis. On average, equities research analysts anticipate that Quaker Chemical Co. will post 7.78 EPS for the current year.

Quaker Chemical Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, January 17th. Quaker Chemical’s payout ratio is currently 28.45%.

Insider Transactions at Quaker Chemical

In other news, EVP Jeewat Bijlani sold 645 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $165.98, for a total transaction of $107,057.10. Following the completion of the sale, the executive vice president now owns 4,747 shares of the company’s stock, valued at $787,907.06. The trade was a 11.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Slinkman sold 1,700 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $167.80, for a total transaction of $285,260.00. Following the completion of the transaction, the senior vice president now directly owns 2,825 shares in the company, valued at $474,035. This represents a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Quaker Chemical

Several large investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its stake in Quaker Chemical by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 42,587 shares of the specialty chemicals company’s stock worth $7,227,000 after purchasing an additional 395 shares during the last quarter. Arizona State Retirement System boosted its position in Quaker Chemical by 16.4% during the second quarter. Arizona State Retirement System now owns 4,029 shares of the specialty chemicals company’s stock worth $684,000 after acquiring an additional 569 shares during the last quarter. Texas Permanent School Fund Corp grew its stake in Quaker Chemical by 19.7% during the 2nd quarter. Texas Permanent School Fund Corp now owns 14,506 shares of the specialty chemicals company’s stock valued at $2,462,000 after acquiring an additional 2,386 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Quaker Chemical by 18.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,032 shares of the specialty chemicals company’s stock valued at $1,024,000 after acquiring an additional 948 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Quaker Chemical by 5.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 84,468 shares of the specialty chemicals company’s stock worth $14,334,000 after purchasing an additional 4,225 shares in the last quarter. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Quaker Chemical Company Profile

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.