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

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

A number of other hedge funds also recently bought and sold shares of KWR. Cerity Partners LLC grew its holdings in Quaker Houghton by 8.1% during the first quarter. Cerity Partners LLC now owns 12,876 shares of the specialty chemicals company's stock valued at $1,592,000 after purchasing an additional 970 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Quaker Houghton by 14.0% in the first quarter. Envestnet Asset Management Inc. now owns 95,075 shares of the specialty chemicals company's stock worth $11,752,000 after acquiring an additional 11,671 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Quaker Houghton by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 126,795 shares of the specialty chemicals company's stock worth $15,673,000 after acquiring an additional 3,139 shares during the period. Palisade Capital Management LP boosted its stake in shares of Quaker Houghton by 0.7% in the first quarter. Palisade Capital Management LP now owns 131,900 shares of the specialty chemicals company's stock worth $16,304,000 after acquiring an additional 896 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Quaker Houghton by 3.0% in the first quarter. Principal Financial Group Inc. now owns 75,954 shares of the specialty chemicals company's stock worth $9,389,000 after acquiring an additional 2,193 shares during the period. Hedge funds and other institutional investors own 77.46% of the company's stock.

Quaker Houghton Price Performance

Quaker Houghton stock traded up $4.74 during midday trading on Thursday, reaching $122.05. 201,903 shares of the stock traded hands, compared to its average volume of 145,640. The stock's fifty day moving average is $114.53 and its 200-day moving average is $122.15. Quaker Houghton has a 12 month low of $95.91 and a 12 month high of $193.74. The stock has a market cap of $2.16 billion, a P/E ratio of 23.07, a PEG ratio of 1.16 and a beta of 1.37. The company has a quick ratio of 1.79, a current ratio of 2.45 and a debt-to-equity ratio of 0.50.

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. Quaker Houghton had a return on equity of 8.86% and a net margin of 5.20%. The business had revenue of $442.91 million for the quarter, compared to the consensus estimate of $455.23 million. During the same period in the prior year, the business posted $2.09 earnings per share. The company's quarterly revenue was down 5.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Quaker Houghton will post 7.75 EPS for the current year.

Quaker Houghton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 dividend on an annualized basis and a yield of 1.59%. Quaker Houghton's dividend payout ratio (DPR) is presently 36.67%.

Analyst Upgrades and Downgrades

KWR has been the subject of a number of recent analyst reports. Piper Sandler dropped their price objective on Quaker Houghton from $170.00 to $140.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Jefferies Financial Group raised Quaker Houghton from a "hold" rating to a "buy" rating and set a $146.00 price objective for the company in a research note 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 stock currently has an average rating of "Moderate Buy" and a consensus target price of $159.25.

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.