Quaker Chemical (NYSE:KWR) Reaches New 1-Year Low – What’s Next?

Quaker Chemical Co. (NYSE:KWR) shares hit a new 52-week low on Wednesday . The stock traded as low as $95.91 and last traded at $96.67, with a volume of 243273 shares trading hands. The stock had previously closed at $101.90.

Analyst Upgrades and Downgrades

Several analysts recently commented on KWR shares. StockNews.com downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Piper Sandler decreased their target price on Quaker Chemical from $170.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada dropped their price target on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th.

Quaker Chemical Price Performance

The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The company’s fifty day moving average price is $130.23 and its 200 day moving average price is $144.80. The company has a market capitalization of $1.83 billion, a P/E ratio of 15.21, a PEG ratio of 1.62 and a beta of 1.44.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings data on Monday, February 24th. The specialty chemicals company reported $1.33 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 the consensus estimate of $430.47 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. During the same quarter last year, the business earned $1.78 EPS. As a group, sell-side analysts forecast that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 annualized dividend and a yield of 1.87%. Quaker Chemical’s dividend payout ratio is 29.80%.

Hedge Funds Weigh In On Quaker Chemical

Hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC increased its stake in Quaker Chemical by 30.7% in the third quarter. HighTower Advisors LLC now owns 1,795 shares of the specialty chemicals company’s stock valued at $312,000 after acquiring an additional 422 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Quaker Chemical by 8.5% in the 3rd quarter. Stifel Financial Corp now owns 14,316 shares of the specialty chemicals company’s stock valued at $2,412,000 after purchasing an additional 1,117 shares during the last quarter. State Street Corp raised its holdings in shares of Quaker Chemical by 3.8% during the 3rd quarter. State Street Corp now owns 554,612 shares of the specialty chemicals company’s stock worth $93,447,000 after buying an additional 20,059 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Quaker Chemical during the 3rd quarter worth $239,000. Finally, Barclays PLC boosted its stake in Quaker Chemical by 284.2% in the third quarter. Barclays PLC now owns 28,395 shares of the specialty chemicals company’s stock valued at $4,784,000 after buying an additional 21,004 shares in the last quarter. 77.46% of the stock is owned by institutional investors.

About Quaker Chemical

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.