Quaker Chemical Co. (NYSE:KWR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Quaker Chemical Co. (NYSE:KWR - Get Free Report) have been given an average rating of "Moderate Buy" by the three ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $163.67.

A number of research analysts have recently issued reports on KWR shares. Jefferies Financial Group upgraded shares of Quaker Chemical from a "hold" rating to a "buy" rating and set a $146.00 target price for the company in a research note on Monday. Wall Street Zen lowered Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Royal Bank of Canada decreased their target price on Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Finally, Piper Sandler cut their price target on Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. CIBC Asset Management Inc acquired a new position in shares of Quaker Chemical in the fourth quarter valued at $211,000. Deutsche Bank AG grew its stake in Quaker Chemical by 117.8% in the 4th quarter. Deutsche Bank AG now owns 18,109 shares of the specialty chemicals company's stock valued at $2,549,000 after buying an additional 9,796 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Quaker Chemical by 26.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 394,708 shares of the specialty chemicals company's stock valued at $53,680,000 after acquiring an additional 82,843 shares during the period. KLP Kapitalforvaltning AS bought a new position in Quaker Chemical in the 4th quarter valued at about $422,000. Finally, WCM Investment Management LLC lifted its position in Quaker Chemical by 116.5% during the fourth quarter. WCM Investment Management LLC now owns 117,229 shares of the specialty chemicals company's stock worth $16,424,000 after acquiring an additional 63,080 shares during the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.

Quaker Chemical Stock Performance

Shares of KWR opened at $113.21 on Monday. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 1.62 and a beta of 1.38. Quaker Chemical has a 12 month low of $95.91 and a 12 month high of $193.74. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average of $105.73 and a 200 day moving average of $128.08.

Quaker Chemical (NYSE:KWR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.06. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm had revenue of $442.91 million during the quarter, compared to the consensus estimate of $455.23 million. During the same period in the prior year, the firm earned $2.09 EPS. The business's revenue was down 5.7% on a year-over-year basis. As a group, sell-side analysts forecast that Quaker Chemical will post 7.75 earnings per share for the current year.

Quaker Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Thursday, July 17th. Quaker Chemical's dividend payout ratio is currently 36.67%.

Quaker Chemical 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.

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