Quaker Chemical (NYSE:KWR) Stock Price Down 3.2% Following Analyst Downgrade

Quaker Chemical Co. (NYSE:KWR) dropped 3.2% during trading on Wednesday after Piper Sandler lowered their price target on the stock from $170.00 to $140.00. Piper Sandler currently has a neutral rating on the stock. Quaker Chemical traded as low as $119.68 and last traded at $119.72. Approximately 15,598 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 154,804 shares. The stock had previously closed at $123.67.

A number of other analysts also recently weighed in on the stock. StockNews.com downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Royal Bank of Canada lowered their target price on shares of Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th.

Institutional Trading of Quaker Chemical

Several large investors have recently made changes to their positions in KWR. Vanguard Group Inc. grew its position in Quaker Chemical by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 1,638,419 shares of the specialty chemicals company’s stock valued at $230,624,000 after purchasing an additional 23,832 shares during the period. JPMorgan Chase & Co. increased its stake in Quaker Chemical by 19.2% in the 4th quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company’s stock valued at $106,870,000 after buying an additional 122,494 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Quaker Chemical by 27.8% in the 4th quarter. Royce & Associates LP now owns 555,219 shares of the specialty chemicals company’s stock worth $78,153,000 after buying an additional 120,916 shares during the last quarter. State Street Corp grew its position in Quaker Chemical by 3.8% during the third quarter. State Street Corp now owns 554,612 shares of the specialty chemicals company’s stock valued at $93,447,000 after buying an additional 20,059 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Quaker Chemical by 13.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 445,365 shares of the specialty chemicals company’s stock worth $62,689,000 after acquiring an additional 51,393 shares during the period. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Quaker Chemical Trading Down 3.1 %

The stock has a market capitalization of $2.12 billion, a PE ratio of 17.57, a PEG ratio of 1.62 and a beta of 1.43. The stock’s 50 day simple moving average is $136.16 and its two-hundred day simple moving average is $148.30. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings data on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.29). The company had revenue of $444.09 million for the quarter, compared to analysts’ expectations of $430.47 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. During the same period last year, the company posted $1.78 EPS. On average, sell-side analysts expect that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Wednesday, April 16th. Quaker Chemical’s payout ratio is 29.80%.

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.