Envestnet Asset Management Inc. Grows Position in Quaker Houghton (NYSE:KWR)

Envestnet Asset Management Inc. boosted its stake in shares of Quaker Houghton (NYSE:KWR - Free Report) by 14.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,075 shares of the specialty chemicals company's stock after purchasing an additional 11,671 shares during the period. Envestnet Asset Management Inc. owned about 0.54% of Quaker Houghton worth $11,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in Quaker Houghton during the fourth quarter valued at about $28,978,000. JPMorgan Chase & Co. raised its holdings in Quaker Houghton by 19.2% during the fourth quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company's stock valued at $106,870,000 after acquiring an additional 122,494 shares during the period. Norges Bank bought a new stake in shares of Quaker Houghton in the fourth quarter worth about $13,399,000. Marshall Wace LLP increased its holdings in shares of Quaker Houghton by 92.3% in the fourth quarter. Marshall Wace LLP now owns 187,715 shares of the specialty chemicals company's stock worth $26,423,000 after purchasing an additional 90,078 shares during the last quarter. Finally, Ceredex Value Advisors LLC bought a new stake in shares of Quaker Houghton in the fourth quarter worth about $11,951,000. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on KWR. Piper Sandler dropped their price target on 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 upgraded Quaker Houghton from a "hold" rating to a "buy" rating and set a $146.00 target price for the company in a research report on Monday, June 9th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $159.25.

Quaker Houghton Price Performance

Shares of KWR opened at $119.18 on Friday. The firm has a market capitalization of $2.11 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 1.18 and a beta of 1.37. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.45 and a quick ratio of 1.79. Quaker Houghton has a 1-year low of $95.91 and a 1-year high of $184.79. The company's fifty day moving average price is $114.85 and its 200-day moving average price is $121.88.

Quaker Houghton (NYSE:KWR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.52 by $0.06. Quaker Houghton had a net margin of 5.20% and a return on equity of 8.86%. The company had revenue of $442.91 million for the quarter, compared to analyst estimates of $455.23 million. During the same period in the prior year, the company earned $2.09 earnings per share. The firm's revenue was down 5.7% on a year-over-year basis. On average, equities research analysts predict that Quaker Houghton will post 7.75 EPS for the current year.

Quaker Houghton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $1.94 annualized dividend and a dividend yield of 1.63%. Quaker Houghton's dividend payout ratio (DPR) is presently 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.

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