Quaker Chemical (NYSE:KWR)‘s stock had its “hold” rating reissued by Seaport Global Securities in a research report issued to clients and investors on Friday, March 16th. They presently have a $165.00 target price on the specialty chemicals company’s stock. Seaport Global Securities’ target price would indicate a potential upside of 10.32% from the company’s current price.
KWR has been the subject of several other research reports. Zacks Investment Research cut Quaker Chemical from a “buy” rating to a “hold” rating in a report on Friday, March 16th. B. Riley set a $165.00 price target on Quaker Chemical and gave the company a “hold” rating in a report on Monday, November 20th. ValuEngine cut Quaker Chemical from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, TheStreet cut Quaker Chemical from a “b” rating to a “c+” rating in a report on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Quaker Chemical presently has an average rating of “Hold” and a consensus price target of $164.00.
Quaker Chemical stock traded down $2.37 during midday trading on Friday, reaching $149.57. The company’s stock had a trading volume of 54,862 shares, compared to its average volume of 58,511. The company has a market cap of $1,990.33, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 2.42 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.06 and a current ratio of 2.63. Quaker Chemical has a fifty-two week low of $129.98 and a fifty-two week high of $165.93.
Quaker Chemical (NYSE:KWR) last released its quarterly earnings results on Wednesday, February 28th. The specialty chemicals company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.01. The business had revenue of $211.10 million during the quarter, compared to the consensus estimate of $208.07 million. Quaker Chemical had a return on equity of 15.48% and a net margin of 2.47%. The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 EPS. sell-side analysts predict that Quaker Chemical will post 5.63 EPS for the current year.
In other Quaker Chemical news, VP Joseph F. Matrange sold 397 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $155.34, for a total value of $61,669.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Adrian Steeples sold 1,957 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $150.34, for a total value of $294,215.38. Following the completion of the transaction, the director now directly owns 5,101 shares in the company, valued at $766,884.34. The disclosure for this sale can be found here. Insiders have sold a total of 9,186 shares of company stock worth $1,399,442 over the last three months. 3.60% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB bought a new position in Quaker Chemical during the 4th quarter worth $223,000. Virginia Retirement Systems ET AL bought a new position in Quaker Chemical during the 3rd quarter worth $252,000. Citadel Advisors LLC bought a new position in Quaker Chemical during the 3rd quarter worth $290,000. SG Americas Securities LLC bought a new position in Quaker Chemical during the 3rd quarter worth $319,000. Finally, Millennium Management LLC bought a new position in Quaker Chemical during the 4th quarter worth $320,000. 92.19% of the stock is currently owned by institutional investors and hedge funds.
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Quaker Chemical Company Profile
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. Its products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.
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