Invesco Ltd. Buys 5,148 Shares of Quaker Houghton $KWR

Key Points

• Invesco Ltd. increased its stake in Quaker Houghton by 11.5% during the 1st quarter, acquiring an additional 5,148 shares, bringing its total to 50,033 shares valued at approximately $6.19 million.
• Quaker Houghton has received a consensus rating of “Moderate Buy” from analysts, with a consensus price target set at $150.75.
• The company recently declared a quarterly dividend of $0.508 per share, an increase from its previous dividend, representing an annualized yield of 1.4%.

Invesco Ltd. boosted its stake in shares of Quaker Houghton (NYSE:KWR - Free Report) by 11.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,033 shares of the specialty chemicals company's stock after buying an additional 5,148 shares during the quarter. Invesco Ltd. owned approximately 0.28% of Quaker Houghton worth $6,185,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. bought a new position in Quaker Houghton during the fourth quarter valued at about $26,000. First Horizon Advisors Inc. boosted its position in Quaker Houghton by 400.0% during the first quarter. First Horizon Advisors Inc. now owns 230 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 184 shares during the period. GAMMA Investing LLC boosted its position in Quaker Houghton by 390.5% during 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 period. Fifth Third Bancorp boosted its position in Quaker Houghton by 119.7% during the first quarter. Fifth Third Bancorp now owns 391 shares of the specialty chemicals company's stock worth $48,000 after purchasing an additional 213 shares during the period. Finally, CWM LLC boosted its position in Quaker Houghton by 200.0% during the first quarter. CWM LLC now owns 1,053 shares of the specialty chemicals company's stock worth $130,000 after purchasing an additional 702 shares during the period. Institutional investors own 77.46% of the company's stock.

Analysts Set New Price Targets

KWR has been the subject of a number of analyst reports. Jefferies Financial Group upgraded shares of Quaker Houghton from a "hold" rating to a "buy" rating and set a $146.00 price objective for the company in a research report on Monday, June 9th. Royal Bank Of Canada set a $135.00 price objective on shares of Quaker Houghton and gave the company an "outperform" rating in a research report on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Quaker Houghton in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $150.75.

Quaker Houghton Trading Down 0.4%

Shares of KWR opened at $144.29 on Wednesday. The firm's 50 day simple moving average is $124.69 and its 200 day simple moving average is $120.44. The company has a market capitalization of $2.51 billion, a P/E ratio of -335.54, a P/E/G ratio of 1.61 and a beta of 1.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.56 and a quick ratio of 1.87. Quaker Houghton has a 1-year low of $95.91 and a 1-year high of $180.96.

Quaker Houghton (NYSE:KWR - Get Free Report) last announced its earnings results on Thursday, July 31st. The specialty chemicals company reported $1.71 earnings per share for the quarter, missing analysts' consensus estimates of $1.82 by ($0.11). The company had revenue of $483.40 million during the quarter, compared to analysts' expectations of $463.57 million. Quaker Houghton had a negative net margin of 0.39% and a positive return on equity of 8.35%. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.13 earnings per share. Sell-side analysts forecast that Quaker Houghton will post 7.75 earnings per share for the current fiscal year.

Quaker Houghton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a dividend of $0.508 per share. This represents a $2.03 annualized dividend and a dividend yield of 1.4%. This is a boost from Quaker Houghton's previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, October 17th. Quaker Houghton's payout ratio is -451.16%.

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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