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

Shares of Quaker Chemical Co. (NYSE:KWR) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $124.00 and last traded at $125.20, with a volume of 31016 shares changing hands. The stock had previously closed at $129.79.

Analyst Ratings Changes

KWR has been the topic of a number of research reports. Royal Bank of Canada cut their price objective on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Piper Sandler restated a “neutral” rating and issued a $170.00 price target (down previously from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th. Finally, StockNews.com downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th.

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 company has a market cap of $2.21 billion, a PE ratio of 18.38, a P/E/G ratio of 1.62 and a beta of 1.43. The company has a 50-day moving average price of $136.93 and a two-hundred day moving average price of $149.25.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.29). The company had revenue of $444.09 million during the quarter, compared to analysts’ expectations of $430.47 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. During the same quarter in the prior year, the company earned $1.78 EPS. Sell-side analysts expect that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical’s payout ratio is 29.80%.

Institutional Trading of Quaker Chemical

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jefferies Financial Group Inc. bought a new stake in Quaker Chemical in the fourth quarter valued at about $3,097,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Quaker Chemical by 0.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 46,600 shares of the specialty chemicals company’s stock valued at $6,559,000 after acquiring an additional 425 shares during the last quarter. Voloridge Investment Management LLC raised its position in shares of Quaker Chemical by 108.9% during the 4th quarter. Voloridge Investment Management LLC now owns 96,542 shares of the specialty chemicals company’s stock valued at $13,589,000 after acquiring an additional 50,330 shares in the last quarter. Snowden Capital Advisors LLC lifted its stake in Quaker Chemical by 4.9% during the fourth quarter. Snowden Capital Advisors LLC now owns 2,439 shares of the specialty chemicals company’s stock worth $343,000 after purchasing an additional 113 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in Quaker Chemical by 15.2% in the fourth quarter. ProShare Advisors LLC now owns 53,168 shares of the specialty chemicals company’s stock worth $7,484,000 after purchasing an additional 7,029 shares during the period. 77.46% of the stock is 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.