Quaker Houghton $KWR Shares Sold by Copeland Capital Management LLC

Key Points

• Copeland Capital Management cut its stake in Quaker Houghton by 18.6% in Q4, selling 70,288 shares and now holds 308,231 shares (~1.78%) valued at $42.32 million.
• In the latest quarter Quaker Houghton reported $1.65 EPS, missing consensus of $1.71 while revenue rose 5.5% to $468.48 million year-over-year.
• The company announced a quarterly dividend of $0.508 (annualized $2.03, yield 1.5%), and analysts have a consensus "Hold" rating with a $179.50 target; market cap is about $2.40 billion.

Copeland Capital Management LLC cut its stake in shares of Quaker Houghton (NYSE:KWR - Free Report) by 18.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 308,231 shares of the specialty chemicals company's stock after selling 70,288 shares during the quarter. Copeland Capital Management LLC owned 1.78% of Quaker Houghton worth $42,323,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. M&T Bank Corp lifted its holdings in shares of Quaker Houghton by 2,256.1% during the fourth quarter. M&T Bank Corp now owns 38,523 shares of the specialty chemicals company's stock worth $5,290,000 after purchasing an additional 36,888 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Quaker Houghton by 12.6% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 33,163 shares of the specialty chemicals company's stock worth $4,557,000 after purchasing an additional 3,713 shares during the period. First Horizon Corp lifted its holdings in shares of Quaker Houghton by 123.3% during the fourth quarter. First Horizon Corp now owns 355 shares of the specialty chemicals company's stock worth $49,000 after purchasing an additional 196 shares during the period. CWM LLC lifted its holdings in shares of Quaker Houghton by 1.8% during the fourth quarter. CWM LLC now owns 4,226 shares of the specialty chemicals company's stock worth $580,000 after purchasing an additional 73 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Quaker Houghton by 165.0% during the fourth quarter. Farther Finance Advisors LLC now owns 273 shares of the specialty chemicals company's stock worth $37,000 after purchasing an additional 170 shares during the period. 77.46% of the stock is owned by institutional investors and hedge funds.

Quaker Houghton Price Performance

Quaker Houghton stock opened at $138.50 on Friday. Quaker Houghton has a one year low of $99.18 and a one year high of $183.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 2.42. The business has a fifty day moving average of $136.53 and a two-hundred day moving average of $140.44. The company has a market cap of $2.40 billion, a P/E ratio of -1,154.07, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43.

Quaker Houghton (NYSE:KWR - Get Free Report) last released its earnings results on Monday, February 23rd. The specialty chemicals company reported $1.65 EPS for the quarter, missing analysts' consensus estimates of $1.71 by ($0.06). Quaker Houghton had a negative net margin of 0.13% and a positive return on equity of 8.99%. The business had revenue of $468.48 million during the quarter, compared to analyst estimates of $465.17 million. During the same period last year, the business posted $1.33 EPS. Quaker Houghton's revenue was up 5.5% compared to the same quarter last year. As a group, analysts predict that Quaker Houghton will post 7.99 earnings per share for the current fiscal year.

Quaker Houghton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be issued a $0.508 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $2.03 dividend on an annualized basis and a yield of 1.5%. Quaker Houghton's dividend payout ratio (DPR) is -1,691.67%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada decreased their price target on Quaker Houghton from $190.00 to $184.00 and set an "outperform" rating for the company in a report on Wednesday, February 25th. Jefferies Financial Group decreased their price target on Quaker Houghton from $203.00 to $175.00 and set a "buy" rating for the company in a report on Monday, April 6th. Seaport Research Partners raised Quaker Houghton from a "neutral" rating to a "buy" rating and set a $175.00 price target for the company in a report on Friday, April 17th. Finally, Wall Street Zen downgraded Quaker Houghton from a "buy" rating to a "hold" rating in a report on Sunday, April 12th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $179.50.

Quaker Houghton Company Profile

Quaker Houghton is a global provider of process fluids, chemical specialties and sustainable solutions for industrial applications. The company develops and supplies metalworking fluids, coatings, and corrosion inhibitors, as well as heat transfer, lubrication and additive products designed to improve productivity and extend equipment life. Its portfolio addresses a range of end markets including automotive, aerospace, defense, energy, mining, agriculture and heavy industry.

The company traces its roots back to the founding of Quaker Chemical Corporation in 1918 and Houghton International in 1865.

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