WCM Investment Management LLC Has $13.85 Million Position in Quaker Houghton (NYSE:KWR)

WCM Investment Management LLC reduced its position in Quaker Houghton (NYSE:KWR - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,319 shares of the specialty chemicals company's stock after selling 6,910 shares during the quarter. WCM Investment Management LLC owned approximately 0.62% of Quaker Houghton worth $13,845,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in Quaker Houghton by 5.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 417,897 shares of the specialty chemicals company's stock worth $51,681,000 after purchasing an additional 23,189 shares during the period. Copeland Capital Management LLC increased its position in shares of Quaker Houghton by 12.0% during the 1st quarter. Copeland Capital Management LLC now owns 420,269 shares of the specialty chemicals company's stock worth $51,949,000 after purchasing an additional 44,895 shares in the last quarter. Hunter Perkins Capital Management LLC increased its position in shares of Quaker Houghton by 24.4% during the 1st quarter. Hunter Perkins Capital Management LLC now owns 6,748 shares of the specialty chemicals company's stock worth $834,000 after purchasing an additional 1,323 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Quaker Houghton by 5.8% during 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 last quarter. Finally, Stonegate Investment Group LLC bought a new position in Quaker Houghton during the 1st quarter valued at about $214,000. 77.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on KWR. Jefferies Financial Group raised shares of Quaker Houghton from a "hold" rating to a "buy" rating and set a $146.00 price objective on the stock in a research note on Monday, June 9th. Piper Sandler decreased their price target on Quaker Houghton from $170.00 to $140.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $159.25.

Quaker Houghton Trading Up 0.8%

Shares of NYSE KWR traded up $0.95 during mid-day trading on Friday, hitting $124.26. The company's stock had a trading volume of 101,244 shares, compared to its average volume of 141,577. Quaker Houghton has a one year low of $95.91 and a one year high of $193.74. The company's fifty day simple moving average is $110.64 and its 200-day simple moving average is $122.84. 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 stock has a market cap of $2.20 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 1.23 and a beta of 1.37.

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 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 business had revenue of $442.91 million for the quarter, compared to analyst estimates of $455.23 million. During the same period in the prior year, the business posted $2.09 earnings per share. Quaker Houghton's revenue was down 5.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Quaker Houghton will post 7.75 earnings per share for the current fiscal year.

Quaker Houghton Announces Dividend

The business also recently declared 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. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, July 17th. Quaker Houghton's dividend payout ratio (DPR) is currently 36.67%.

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.