Quaker Chemical (NYSE:KWR) Price Target Cut to $190.00

Quaker Chemical (NYSE:KWR) had its price target reduced by Deutsche Bank Aktiengesellschaft from $225.00 to $190.00 in a research note published on Monday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the specialty chemicals company’s stock.

A number of other analysts have also recently commented on the company. Piper Sandler assumed coverage on Quaker Chemical in a research report on Thursday, May 16th. They set an overweight rating and a $220.00 price objective for the company. Royal Bank of Canada lowered their price objective on shares of Quaker Chemical from $220.00 to $195.00 and set an outperform rating on the stock in a research note on Thursday, August 8th. Finally, StockNews.com lowered shares of Quaker Chemical from a buy rating to a hold rating in a research report on Friday, August 2nd.

Quaker Chemical Stock Performance

Shares of NYSE KWR opened at $165.34 on Monday. The firm’s 50-day moving average price is $170.35 and its 200-day moving average price is $184.26. Quaker Chemical has a 52-week low of $138.67 and a 52-week high of $221.94. The company has a market cap of $2.97 billion, a PE ratio of 25.17, a PEG ratio of 1.31 and a beta of 1.40. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.50.

Quaker Chemical (NYSE:KWR) last issued its earnings results on Monday, August 5th. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.08). The company had revenue of $463.57 million during the quarter, compared to analysts’ expectations of $493.68 million. Quaker Chemical had a return on equity of 10.49% and a net margin of 6.56%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.93 EPS. As a group, analysts anticipate that Quaker Chemical will post 8.52 EPS for the current year.

Quaker Chemical Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, October 17th. This is a positive change from Quaker Chemical’s previous quarterly dividend of $0.46. Quaker Chemical’s payout ratio is currently 29.53%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC bought a new stake in Quaker Chemical during the 1st quarter worth approximately $5,082,000. Ranger Investment Management L.P. raised its position in shares of Quaker Chemical by 40.0% during the 4th quarter. Ranger Investment Management L.P. now owns 96,769 shares of the specialty chemicals company’s stock valued at $20,652,000 after purchasing an additional 27,669 shares during the period. 1832 Asset Management L.P. lifted its stake in shares of Quaker Chemical by 46.3% during the 1st quarter. 1832 Asset Management L.P. now owns 32,570 shares of the specialty chemicals company’s stock valued at $6,685,000 after buying an additional 10,310 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Quaker Chemical by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company’s stock worth $22,193,000 after buying an additional 3,441 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Quaker Chemical by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 1,599,027 shares of the specialty chemicals company’s stock worth $341,264,000 after buying an additional 11,807 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.