Royce & Associates LP lowered its position in Quaker Houghton (NYSE:KWR - Free Report) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 550,044 shares of the specialty chemicals company's stock after selling 5,175 shares during the period. Quaker Houghton comprises approximately 0.7% of Royce & Associates LP's holdings, making the stock its 11th largest position. Royce & Associates LP owned about 3.11% of Quaker Houghton worth $67,991,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. acquired a new stake in shares of Quaker Houghton during the 4th quarter valued at approximately $26,000. First Horizon Advisors Inc. lifted its position in shares of Quaker Houghton by 400.0% during the 1st quarter. First Horizon Advisors Inc. now owns 230 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 184 shares during the period. GAMMA Investing LLC lifted its position in shares of Quaker Houghton by 390.5% during the 1st quarter. GAMMA Investing LLC now owns 363 shares of the specialty chemicals company's stock valued at $45,000 after acquiring an additional 289 shares during the period. Fifth Third Bancorp lifted its position in shares of Quaker Houghton by 119.7% during the 1st quarter. Fifth Third Bancorp now owns 391 shares of the specialty chemicals company's stock valued at $48,000 after acquiring an additional 213 shares during the period. Finally, Covestor Ltd increased its stake in shares of Quaker Houghton by 24.8% during the 4th quarter. Covestor Ltd now owns 665 shares of the specialty chemicals company's stock worth $94,000 after purchasing an additional 132 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company's stock.
Wall Street Analyst Weigh In
KWR has been the subject of a number of recent research reports. Jefferies Financial Group raised shares of 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. Piper Sandler dropped their price objective on shares of Quaker Houghton from $170.00 to $140.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $159.25.
Get Our Latest Stock Report on Quaker Houghton
Quaker Houghton Trading Down 2.3%
KWR traded down $2.84 during trading on Monday, hitting $119.26. The company's stock had a trading volume of 115,519 shares, compared to its average volume of 172,090. Quaker Houghton has a twelve month low of $95.91 and a twelve month high of $184.79. The firm's 50 day moving average price is $116.20 and its 200-day moving average price is $121.36. The stock has a market cap of $2.11 billion, a PE ratio of 22.54, a PEG ratio of 1.48 and a beta of 1.37. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.45 and a quick ratio of 1.79.
Quaker Houghton (NYSE:KWR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The specialty chemicals company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.06. Quaker Houghton had a net margin of 5.20% and a return on equity of 8.86%. The company had revenue of $442.91 million during the quarter, compared to analysts' expectations of $455.23 million. During the same period in the previous year, the company earned $2.09 EPS. The business's quarterly revenue was down 5.7% compared to the same quarter last year. On average, analysts expect that Quaker Houghton will post 7.75 earnings per share for the current year.
Quaker Houghton Announces Dividend
The company 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 $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 yield of 1.63%. Quaker Houghton's payout ratio is currently 36.67%.
About Quaker Houghton
(
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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