Invesco Ltd. Has $6.19 Million Position in 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. increased its holdings in shares of Quaker Houghton (NYSE:KWR - Free Report) by 11.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. 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 0.28% of Quaker Houghton worth $6,185,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KWR. TD Waterhouse Canada Inc. bought a new stake in shares of Quaker Houghton in the fourth quarter worth about $26,000. First Horizon Advisors Inc. grew its position in shares of Quaker Houghton by 400.0% in the 1st quarter. First Horizon Advisors Inc. now owns 230 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 184 shares during the period. GAMMA Investing LLC increased its stake in Quaker Houghton by 390.5% during the 1st quarter. GAMMA Investing LLC now owns 363 shares of the specialty chemicals company's stock worth $45,000 after purchasing an additional 289 shares in the last quarter. Fifth Third Bancorp raised its holdings in Quaker Houghton by 119.7% during the 1st quarter. Fifth Third Bancorp now owns 391 shares of the specialty chemicals company's stock worth $48,000 after buying an additional 213 shares during the period. Finally, CWM LLC lifted its stake in Quaker Houghton by 200.0% in the first quarter. CWM LLC now owns 1,053 shares of the specialty chemicals company's stock valued at $130,000 after buying an additional 702 shares in the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada set a $135.00 price target on shares of Quaker Houghton and gave the company an "outperform" rating in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Quaker Houghton in a report on Wednesday, August 13th. Finally, Jefferies Financial Group upgraded Quaker Houghton from a "hold" rating to a "buy" rating and set a $146.00 price target on the stock in a report on Monday, June 9th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Quaker Houghton presently has a consensus rating of "Moderate Buy" and an average target price of $150.75.

Quaker Houghton Stock Performance

KWR traded down $0.20 during trading hours on Monday, reaching $145.17. The company's stock had a trading volume of 219,581 shares, compared to its average volume of 148,228. The company's 50-day moving average is $127.19 and its 200-day moving average is $120.48. Quaker Houghton has a 52 week low of $95.91 and a 52 week high of $180.96. The firm has a market cap of $2.53 billion, a PE ratio of -337.59, a price-to-earnings-growth ratio of 1.61 and a beta of 1.44. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.87 and a current ratio of 2.56.

Quaker Houghton (NYSE:KWR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The specialty chemicals company reported $1.71 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.11). The company had revenue of $483.40 million during the quarter, compared to analyst estimates of $463.57 million. Quaker Houghton had a negative net margin of 0.39% and a positive return on equity of 8.35%. Quaker Houghton's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.13 earnings per share. On average, equities analysts forecast that Quaker Houghton will post 7.75 EPS for the current year.

Quaker Houghton Increases Dividend

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

About Quaker Houghton

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.