Piper Sandler Reiterates Neutral Rating for Quaker Chemical (NYSE:KWR)

Quaker Chemical (NYSE:KWR)‘s stock had its “neutral” rating reissued by research analysts at Piper Sandler in a report released on Tuesday, MarketBeat.com reports. They currently have a $170.00 target price on the specialty chemicals company’s stock, down from their prior target price of $200.00. Piper Sandler’s target price would indicate a potential upside of 30.02% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada lowered their price objective on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

Quaker Chemical Price Performance

Shares of NYSE KWR opened at $130.75 on Tuesday. Quaker Chemical has a twelve month low of $128.31 and a twelve month high of $207.83. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 1.84 and a beta of 1.39. The firm has a 50-day moving average of $153.93 and a two-hundred day moving average of $162.31. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings data 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). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm had revenue of $462.27 million for the quarter, compared to analysts’ expectations of $469.17 million. During the same period in the prior year, the company posted $2.05 earnings per share. Quaker Chemical’s quarterly revenue was down 5.8% compared to the same quarter last year. As a group, analysts expect that Quaker Chemical will post 7.78 earnings per share for the current fiscal year.

Insider Activity at Quaker Chemical

In other Quaker Chemical news, EVP Jeewat Bijlani sold 645 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were 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. The trade was a 11.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP David Slinkman sold 1,700 shares of the stock in a transaction on Monday, November 25th. The shares were 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 disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Quaker Chemical

Several hedge funds have recently bought and sold shares of KWR. GAMMA Investing LLC increased its position in shares of Quaker Chemical by 105.3% during the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 80 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Quaker Chemical by 6.6% in the 2nd quarter. Mackenzie Financial Corp now owns 1,778 shares of the specialty chemicals company’s stock valued at $302,000 after purchasing an additional 110 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Quaker Chemical by 1.0% in the third quarter. Nisa Investment Advisors LLC now owns 13,001 shares of the specialty chemicals company’s stock valued at $2,191,000 after buying an additional 123 shares during the last quarter. KBC Group NV lifted its holdings in 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 purchasing an additional 177 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Quaker Chemical by 5.1% during the 3rd quarter. Victory Capital Management Inc. now owns 5,332 shares of the specialty chemicals company’s stock worth $898,000 after buying an additional 259 shares during the period. 77.46% of the stock is currently owned by institutional investors and hedge funds.

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.