Quaker Chemical (NYSE:KWR) Reaches New 52-Week Low – Here’s Why

Quaker Chemical Co. (NYSE:KWR)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $136.72 and last traded at $137.04, with a volume of 56930 shares traded. The stock had previously closed at $140.76.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. StockNews.com upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Piper Sandler increased their price target on shares of Quaker Chemical from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Royal Bank of Canada lowered their price objective on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Monday, November 4th.

Quaker Chemical Stock Up 0.4 %

The stock has a market cap of $2.43 billion, a P/E ratio of 20.03, a P/E/G ratio of 1.84 and a beta of 1.38. 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 has a 50-day simple moving average of $155.14 and a two-hundred day simple moving average of $163.09.

Quaker Chemical (NYSE:KWR) last posted 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). 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 the consensus estimate of $469.17 million. During the same quarter in the prior year, the company earned $2.05 earnings per share. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. On average, equities analysts forecast that Quaker Chemical Co. will post 7.78 EPS for the current year.

Quaker Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Friday, January 17th. Quaker Chemical’s payout ratio is 28.45%.

Insider Transactions at Quaker Chemical

In other Quaker Chemical news, EVP Jeewat Bijlani sold 645 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $165.98, for a total transaction of $107,057.10. Following the transaction, the executive vice president now owns 4,747 shares in the company, valued at approximately $787,907.06. This represents a 11.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Slinkman sold 1,700 shares of Quaker Chemical stock in a transaction that occurred 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 sale, the senior vice president now owns 2,825 shares in the company, valued at $474,035. This represents a 37.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC raised its stake 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 raised its position in shares of Quaker Chemical by 50.9% in the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock worth $88,000 after purchasing an additional 177 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in 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 purchased a new stake in Quaker Chemical during the 3rd quarter valued at about $208,000. Finally, Edgestream Partners L.P. bought a new stake in Quaker Chemical during the 3rd quarter valued at about $215,000. 77.46% of the stock is currently 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.