3,211 Shares in Quaker Houghton (NYSE:KWR) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in shares of Quaker Houghton (NYSE:KWR - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,211 shares of the specialty chemicals company's stock, valued at approximately $397,000.

Other large investors have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. acquired a new stake in Quaker Houghton during the 4th quarter worth about $26,000. GAMMA Investing LLC raised its stake in shares of Quaker Houghton by 390.5% in the first quarter. GAMMA Investing LLC now owns 363 shares of the specialty chemicals company's stock worth $45,000 after purchasing an additional 289 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Quaker Houghton in the fourth quarter worth about $58,000. Covestor Ltd lifted its holdings in shares of Quaker Houghton by 24.8% during the fourth quarter. Covestor Ltd now owns 665 shares of the specialty chemicals company's stock worth $94,000 after purchasing an additional 132 shares during the period. Finally, Aster Capital Management DIFC Ltd boosted its position in Quaker Houghton by 10,163.6% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,129 shares of the specialty chemicals company's stock valued at $159,000 after buying an additional 1,118 shares during the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KWR has been the subject of a number of recent research reports. Piper Sandler reduced their price target on shares of Quaker Houghton from $170.00 to $140.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Jefferies Financial Group raised shares of Quaker Houghton from a "hold" rating to a "buy" rating and set a $146.00 target price for the company in a report on Monday, June 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $159.25.

Quaker Houghton Stock Performance

Quaker Houghton stock traded down $0.70 during midday trading on Friday, hitting $115.19. 548,319 shares of the company were exchanged, compared to its average volume of 139,466. The business has a fifty day simple moving average of $108.94 and a two-hundred day simple moving average of $123.98. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.79 and a current ratio of 2.45. The firm has a market capitalization of $2.04 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.14 and a beta of 1.38. Quaker Houghton has a fifty-two week low of $95.91 and a fifty-two week high of $193.74.

Quaker Houghton (NYSE:KWR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The specialty chemicals company reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.06. The business had revenue of $442.91 million for the quarter, compared to analysts' expectations of $455.23 million. Quaker Houghton had a net margin of 5.20% and a return on equity of 8.86%. The business's revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the company earned $2.09 EPS. On average, sell-side analysts forecast that Quaker Houghton will post 7.75 earnings per share for the current year.

Quaker Houghton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be issued a $0.485 dividend. The ex-dividend date is Thursday, July 17th. This represents a $1.94 dividend on an annualized basis and a yield of 1.68%. Quaker Houghton's payout ratio is 36.67%.

Quaker Houghton 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.