187,607 Shares in Quaker Houghton $KWR Bought by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP made a new investment of approximately $23.19 million in Quaker Houghton, acquiring 187,607 shares and holding about 1.06% of the company.
• Quaker Houghton announced a quarterly dividend increase to $0.508 per share, with a dividend yield of 1.4%, which will be paid on October 31st.
• Analysts have shown optimism for Quaker Houghton, with a consensus rating of "Moderate Buy" and a target price of $150.75.

Wellington Management Group LLP bought a new stake in shares of Quaker Houghton (NYSE:KWR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 187,607 shares of the specialty chemicals company's stock, valued at approximately $23,190,000. Wellington Management Group LLP owned about 1.06% of Quaker Houghton at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of KWR. TD Waterhouse Canada Inc. bought a new position in Quaker Houghton in the 4th quarter worth $26,000. First Horizon Advisors Inc. boosted its holdings in Quaker Houghton by 400.0% in the 1st quarter. First Horizon Advisors Inc. now owns 230 shares of the specialty chemicals company's stock worth $28,000 after buying an additional 184 shares during the period. GAMMA Investing LLC boosted its holdings in Quaker Houghton by 390.5% in the 1st quarter. GAMMA Investing LLC now owns 363 shares of the specialty chemicals company's stock worth $45,000 after buying an additional 289 shares during the period. Fifth Third Bancorp boosted its holdings in Quaker Houghton by 119.7% in the 1st quarter. Fifth Third Bancorp now owns 391 shares of the specialty chemicals company's stock worth $48,000 after buying an additional 213 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Quaker Houghton by 573.1% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 875 shares of the specialty chemicals company's stock worth $108,000 after buying an additional 745 shares during the period. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Quaker Houghton Stock Up 0.2%

KWR stock traded up $0.36 during trading on Thursday, hitting $145.15. 91,972 shares of the company's stock traded hands, compared to its average volume of 160,297. The firm has a market capitalization of $2.53 billion, a P/E ratio of -337.55, a PEG ratio of 1.60 and a beta of 1.38. Quaker Houghton has a 1 year low of $95.91 and a 1 year high of $180.96. The company has a quick ratio of 1.87, a current ratio of 2.56 and a debt-to-equity ratio of 0.67. The business has a fifty day simple moving average of $125.93 and a two-hundred day simple moving average of $120.66.

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

Quaker Houghton Increases Dividend

The business 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 dividend of $0.508 per share. The ex-dividend date is Friday, October 17th. This is an increase from Quaker Houghton's previous quarterly dividend of $0.49. This represents a $2.03 annualized dividend and a dividend yield of 1.4%. Quaker Houghton's payout ratio is presently -451.16%.

Wall Street Analyst Weigh In

KWR has been the subject of several 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 report on Monday, June 9th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Quaker Houghton in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada set a $135.00 price objective on shares of Quaker Houghton and gave the stock an "outperform" rating in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.