Allspring Global Investments Holdings LLC increased its stake in shares of Quaker Houghton (NYSE:KWR - Free Report) by 5.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 417,897 shares of the specialty chemicals company's stock after buying an additional 23,189 shares during the period. Allspring Global Investments Holdings LLC owned 2.36% of Quaker Houghton worth $51,681,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Copeland Capital Management LLC boosted its holdings in Quaker Houghton by 12.0% in the 1st quarter. Copeland Capital Management LLC now owns 420,269 shares of the specialty chemicals company's stock valued at $51,949,000 after purchasing an additional 44,895 shares during the period. Hunter Perkins Capital Management LLC boosted its holdings in Quaker Houghton by 24.4% in the 1st quarter. Hunter Perkins Capital Management LLC now owns 6,748 shares of the specialty chemicals company's stock valued at $834,000 after purchasing an additional 1,323 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Quaker Houghton by 5.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,229 shares of the specialty chemicals company's stock valued at $770,000 after purchasing an additional 340 shares during the period. Stonegate Investment Group LLC bought a new stake in Quaker Houghton in the 1st quarter valued at about $214,000. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Quaker Houghton by 7.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,671 shares of the specialty chemicals company's stock valued at $207,000 after purchasing an additional 112 shares during the period. Institutional investors own 77.46% of the company's stock.
Quaker Houghton Stock Up 6.0%
Shares of KWR traded up $6.70 during trading hours on Tuesday, hitting $118.64. The stock had a trading volume of 235,177 shares, compared to its average volume of 139,803. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.45 and a quick ratio of 1.79. The firm has a 50 day simple moving average of $109.17 and a 200-day simple moving average of $123.49. The firm has a market capitalization of $2.10 billion, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 1.11 and a beta of 1.37. Quaker Houghton has a 1-year low of $95.91 and a 1-year high of $193.74.
Quaker Houghton (NYSE:KWR - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $455.23 million. Quaker Houghton had a return on equity of 8.86% and a net margin of 5.20%. The company's quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.09 EPS. Sell-side analysts predict 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 paid a $0.485 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.64%. Quaker Houghton's payout ratio is presently 36.67%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the company. Piper Sandler dropped their price target 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 target price for the company in a research report on Monday, June 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $159.25.
Read Our Latest Analysis on KWR
Quaker Houghton Company Profile
(
Free Report)
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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