US Bancorp DE Purchases 3,004 Shares of Quaker Houghton (NYSE:KWR)

Key Points

• US Bancorp DE significantly increased its holdings in Quaker Houghton by 490.8% in Q1, resulting in ownership of 3,616 shares valued at $447,000.
• Quaker Houghton reported a negative net margin of 0.39% in its latest earnings release, generating $483.40 million in revenue, which exceeded analyst expectations.
• The company has announced a quarterly dividend increase to $0.508 per share, payable on October 31st, reflecting a yield of 1.5%.

US Bancorp DE boosted its holdings in Quaker Houghton (NYSE:KWR - Free Report) by 490.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,616 shares of the specialty chemicals company's stock after buying an additional 3,004 shares during the period. US Bancorp DE's holdings in Quaker Houghton were worth $447,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. EP Wealth Advisors LLC increased its stake in Quaker Houghton by 6.7% in the fourth quarter. EP Wealth Advisors LLC now owns 1,512 shares of the specialty chemicals company's stock valued at $213,000 after purchasing an additional 95 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Quaker Houghton by 7.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,671 shares of the specialty chemicals company's stock worth $207,000 after purchasing an additional 112 shares during the last quarter. Snowden Capital Advisors LLC boosted its holdings in Quaker Houghton by 4.9% during the fourth quarter. Snowden Capital Advisors LLC now owns 2,439 shares of the specialty chemicals company's stock worth $343,000 after purchasing an additional 113 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Quaker Houghton by 1.8% in the 1st quarter. Victory Capital Management Inc. now owns 6,598 shares of the specialty chemicals company's stock valued at $816,000 after acquiring an additional 119 shares during the period. Finally, Park Avenue Securities LLC grew its position in shares of Quaker Houghton by 7.8% in the 1st quarter. Park Avenue Securities LLC now owns 1,863 shares of the specialty chemicals company's stock valued at $230,000 after acquiring an additional 134 shares during the period. Institutional investors own 77.46% of the company's stock.

Quaker Houghton Price Performance

KWR stock traded down $0.81 during trading on Friday, reaching $135.40. 82,765 shares of the company were exchanged, compared to its average volume of 166,934. Quaker Houghton has a twelve month low of $95.91 and a twelve month high of $180.96. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.56 and a quick ratio of 1.87. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of -314.88, a P/E/G ratio of 1.49 and a beta of 1.38. The company has a 50-day moving average of $121.55 and a two-hundred day moving average of $120.34.

Quaker Houghton (NYSE:KWR - Get Free Report) last posted its earnings results on Thursday, July 31st. The specialty chemicals company reported $1.71 earnings per share for the quarter, missing analysts' consensus estimates of $1.82 by ($0.11). Quaker Houghton had a positive return on equity of 8.35% and a negative net margin of 0.39%. The business had revenue of $483.40 million for the quarter, compared to the consensus estimate of $463.57 million. During the same period in the previous year, the firm earned $2.13 earnings per share. The company's revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts predict that Quaker Houghton will post 7.75 earnings per share for the current fiscal year.

Quaker Houghton Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a $0.508 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.03 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from Quaker Houghton's previous quarterly dividend of $0.49. Quaker Houghton's payout ratio is currently -472.09%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Jefferies Financial Group raised shares of Quaker Houghton from a "hold" rating to a "buy" rating and set a $146.00 target price for the company in a report on Monday, June 9th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Quaker Houghton in a research report on Wednesday. Finally, Royal Bank Of Canada set a $135.00 target price on shares of Quaker Houghton and gave the company an "outperform" rating in a research report on Monday, August 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $150.75.

Quaker Houghton Company 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.