Quaker Chemical (NYSE:KWR) Hits New 52-Week Low – Should You Sell?

Quaker Chemical Co. (NYSE:KWR)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $131.49 and last traded at $132.52, with a volume of 136442 shares traded. The stock had previously closed at $136.77.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KWR. Piper Sandler reissued a “neutral” rating and set a $170.00 target price (down from $200.00) on shares of Quaker Chemical in a research report on Tuesday. Royal Bank of Canada decreased their target price on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a report on Monday, November 4th.

Quaker Chemical Price Performance

The firm’s 50 day simple moving average is $153.51 and its two-hundred day simple moving average is $162.09. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The firm has a market capitalization of $2.33 billion, a P/E ratio of 19.17, a P/E/G ratio of 1.84 and a beta of 1.39.

Quaker Chemical (NYSE:KWR) last announced its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). The company had revenue of $462.27 million during the quarter, compared to analysts’ expectations of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. Quaker Chemical’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period last year, the firm earned $2.05 earnings per share. As a group, analysts predict that Quaker Chemical Co. will post 7.78 earnings per share for the current year.

Quaker Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Friday, January 17th. Quaker Chemical’s payout ratio is currently 28.45%.

Insider Buying and Selling

In other news, SVP David Slinkman sold 1,700 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $167.80, for a total value of $285,260.00. Following the completion of the transaction, the senior vice president now owns 2,825 shares in the company, valued at $474,035. The trade was a 37.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeewat Bijlani sold 645 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $165.98, for a total value of $107,057.10. Following the completion of the transaction, the executive vice president now directly owns 4,747 shares of the company’s stock, valued at approximately $787,907.06. This trade represents a 11.96 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Quaker Chemical

Large investors have recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in Quaker Chemical by 105.3% during the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 80 shares during the last quarter. KBC Group NV grew its position in shares of Quaker Chemical by 50.9% during the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock valued at $88,000 after acquiring an additional 177 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Quaker Chemical by 100.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company’s stock worth $153,000 after purchasing an additional 453 shares in the last quarter. iSAM Funds UK Ltd bought a new position in Quaker Chemical in the 3rd quarter worth $208,000. Finally, Edgestream Partners L.P. purchased a new position in Quaker Chemical during the third quarter valued at $215,000. Institutional investors own 77.46% of the company’s stock.

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.