Mutual of America Capital Management LLC Raises Stake in Quaker Houghton (NYSE:KWR)

Mutual of America Capital Management LLC increased its stake in shares of Quaker Houghton (NYSE:KWR - Free Report) by 12.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,741 shares of the specialty chemicals company's stock after buying an additional 11,049 shares during the period. Mutual of America Capital Management LLC owned about 0.55% of Quaker Houghton worth $12,082,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KWR. Raymond James Financial Inc. bought a new position in shares of Quaker Houghton in the fourth quarter valued at approximately $28,978,000. JPMorgan Chase & Co. boosted its position in shares of Quaker Houghton by 19.2% in 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. Royce & Associates LP boosted its position in shares of Quaker Houghton by 27.8% in the fourth quarter. Royce & Associates LP now owns 555,219 shares of the specialty chemicals company's stock valued at $78,153,000 after acquiring an additional 120,916 shares during the period. Norges Bank bought a new position in shares of Quaker Houghton in the fourth quarter valued at approximately $13,399,000. Finally, Marshall Wace LLP boosted its position 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 valued at $26,423,000 after acquiring an additional 90,078 shares during the period. Hedge funds and other institutional investors own 77.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KWR. Piper Sandler dropped their target price 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 upgraded shares of 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Quaker Houghton currently has an average rating of "Moderate Buy" and a consensus target price of $159.25.

Quaker Houghton Trading Down 5.4%

Shares of NYSE KWR traded down $6.88 during mid-day trading on Tuesday, hitting $119.49. The stock had a trading volume of 319,082 shares, compared to its average volume of 144,702. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.79 and a current ratio of 2.45. Quaker Houghton has a 1 year low of $95.91 and a 1 year high of $193.74. The business has a 50 day moving average price of $113.83 and a two-hundred day moving average price of $122.31. The firm has a market cap of $2.11 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 1.25 and a beta of 1.37.

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

Quaker Houghton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, July 17th. 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.