Quaker Houghton (NYSE:KWR) Shares Sold by WCM Investment Management LLC

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

A number of other hedge funds have also recently bought and sold shares of KWR. TD Waterhouse Canada Inc. purchased a new stake in Quaker Houghton in the 4th quarter valued at about $26,000. GAMMA Investing LLC grew its holdings in Quaker Houghton by 390.5% in the first quarter. GAMMA Investing LLC now owns 363 shares of the specialty chemicals company's stock valued at $45,000 after purchasing an additional 289 shares during the period. Fifth Third Bancorp increased its position in Quaker Houghton by 119.7% during the first quarter. Fifth Third Bancorp now owns 391 shares of the specialty chemicals company's stock worth $48,000 after purchasing an additional 213 shares during the last quarter. Covestor Ltd raised its stake in Quaker Houghton by 24.8% during the fourth quarter. Covestor Ltd now owns 665 shares of the specialty chemicals company's stock worth $94,000 after purchasing an additional 132 shares during the period. Finally, Aster Capital Management DIFC Ltd boosted its holdings in shares of Quaker Houghton by 10,163.6% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,129 shares of the specialty chemicals company's stock valued at $159,000 after purchasing an additional 1,118 shares during the last quarter. Institutional investors and hedge funds own 77.46% of the company's stock.

Quaker Houghton Trading Up 0.8%

Shares of KWR stock traded up $0.95 during mid-day trading on Friday, reaching $124.26. The company's stock had a trading volume of 101,244 shares, compared to its average volume of 141,418. The company's 50 day simple moving average is $110.26 and its 200-day simple moving average is $123.28. The company has a quick ratio of 1.79, a current ratio of 2.45 and a debt-to-equity ratio of 0.50. Quaker Houghton has a 12-month low of $95.91 and a 12-month high of $193.74. The firm has a market capitalization of $2.20 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 1.22 and a beta of 1.37.

Quaker Houghton (NYSE:KWR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.52 by $0.06. The firm had revenue of $442.91 million for the quarter, compared to analyst estimates of $455.23 million. Quaker Houghton had a return on equity of 8.86% and a net margin of 5.20%. Quaker Houghton's revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.09 EPS. On average, research analysts predict that Quaker Houghton will post 7.75 EPS for the current fiscal year.

Quaker Houghton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be paid a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Thursday, July 17th. Quaker Houghton's dividend payout ratio (DPR) is 36.67%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Piper Sandler dropped their price objective on Quaker Houghton from $170.00 to $140.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Jefferies Financial Group upgraded Quaker Houghton from a "hold" rating to a "buy" rating and set a $146.00 price target for the company in a research note on Monday, June 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Quaker Houghton currently has an average rating of "Moderate Buy" and a consensus target price of $159.25.

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.