18,109 Quaker Houghton $KWR Shares Acquired by ProShare Advisors LLC

Key Points

• ProShare Advisors increased its Quaker Houghton stake by 37.4%, adding 18,109 shares in the third quarter to hold 66,560 shares, valued at about $10.5 million.
• Quaker Houghton reported quarterly EPS of $2.39, above the $2.10 consensus estimate, and revenue of $544.55 million, up 10.3% year over year.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $186; four analysts rate the stock Buy and two rate it Hold.

ProShare Advisors LLC lifted its holdings in shares of Quaker Houghton (NYSE:KWR - Free Report) by 37.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,560 shares of the specialty chemicals company's stock after acquiring an additional 18,109 shares during the quarter. ProShare Advisors LLC owned about 0.39% of Quaker Houghton worth $10,501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. purchased a new stake in Quaker Houghton during the 2nd quarter worth $335,290,000. Dimensional Fund Advisors LP raised its position in Quaker Houghton by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 750,789 shares of the specialty chemicals company's stock valued at $93,271,000 after purchasing an additional 38,261 shares during the period. William Blair Investment Management LLC purchased a new position in Quaker Houghton in the second quarter valued at about $66,810,000. Bank of America Corp DE purchased a new position in Quaker Houghton in the second quarter valued at about $37,045,000. Finally, Janus Henderson Group PLC lifted its stake in shares of Quaker Houghton by 1.7% during the first quarter. Janus Henderson Group PLC now owns 199,349 shares of the specialty chemicals company's stock worth $24,766,000 after purchasing an additional 3,354 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Zacks Research downgraded Quaker Houghton from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 26th. Deutsche Bank Aktiengesellschaft raised their target price on Quaker Houghton from $165.00 to $185.00 and gave the company a "buy" rating in a report on Tuesday, August 25th. Truist Financial raised their target price on Quaker Houghton from $190.00 to $192.00 and gave the company a "buy" rating in a report on Monday. Weiss Ratings reissued a "hold (c)" rating on shares of Quaker Houghton in a research report on Friday. Finally, Royal Bank Of Canada decreased their price target on Quaker Houghton from $202.00 to $192.00 and set an "outperform" rating for the company in a report on Monday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $186.00.

Quaker Houghton Stock Performance

Shares of KWR stock opened at $149.99 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.47 and a quick ratio of 1.71. The company's fifty day moving average price is $158.22 and its two-hundred day moving average price is $150.37. The firm has a market capitalization of $2.58 billion, a P/E ratio of 26.83, a P/E/G ratio of 0.98 and a beta of 1.43. Quaker Houghton has a 12 month low of $112.18 and a 12 month high of $183.01.

Quaker Houghton (NYSE:KWR - Get Free Report) last announced its earnings results on Thursday, October 29th. The specialty chemicals company reported $2.39 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.29. The company had revenue of $544.55 million during the quarter, compared to the consensus estimate of $522.88 million. Quaker Houghton had a return on equity of 9.84% and a net margin of 4.80%. The company's revenue was up 10.3% on a year-over-year basis. During the same period last year, the firm earned $2.08 earnings per share. On average, research analysts anticipate that Quaker Houghton will post 7.99 earnings per share for the current fiscal year.

About Quaker Houghton

Quaker Houghton NYSE: KWR is a global provider of industrial process fluids and chemical products used in manufacturing and other heavy industries. The company develops, produces and supplies fluids, lubricants, cleaners, corrosion preventives and specialty chemical solutions designed to support metalworking, forming, treating and finishing processes.

Its products are used by customers in industries including steel, aluminum, automotive, aerospace, mining, machinery, metal packaging and other general manufacturing markets.

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