Quaker Chemical (NYSE:KWR) Upgraded at StockNews.com

StockNews.com upgraded shares of Quaker Chemical (NYSE:KWR) from a hold rating to a buy rating in a research report released on Tuesday.

A number of other equities research analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Quaker Chemical from $225.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, August 26th. Royal Bank of Canada reduced their price objective on Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th.

Quaker Chemical Stock Down 1.8 %

Quaker Chemical stock opened at $151.78 on Tuesday. Quaker Chemical has a fifty-two week low of $140.63 and a fifty-two week high of $221.94. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 1.84 and a beta of 1.37. The stock’s fifty day moving average is $163.22 and its two-hundred day moving average is $172.65. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.94 and a current ratio of 2.63.

Quaker Chemical (NYSE:KWR) last posted its earnings results on Monday, August 5th. The specialty chemicals company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.08). Quaker Chemical had a net margin of 6.56% and a return on equity of 10.49%. The business had revenue of $463.57 million for the quarter, compared to analysts’ expectations of $493.68 million. During the same quarter last year, the business posted $1.93 earnings per share. The business’s revenue was down 6.4% compared to the same quarter last year. Analysts predict that Quaker Chemical will post 8.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its position in shares of Quaker Chemical by 22.1% in the first quarter. BNP Paribas Financial Markets now owns 20,072 shares of the specialty chemicals company’s stock valued at $4,120,000 after purchasing an additional 3,632 shares during the period. Capstone Investment Advisors LLC grew its holdings in Quaker Chemical by 24.3% in the 1st quarter. Capstone Investment Advisors LLC now owns 2,926 shares of the specialty chemicals company’s stock valued at $601,000 after buying an additional 572 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of Quaker Chemical during the 1st quarter valued at about $25,000. Mutual of America Capital Management LLC lifted its holdings in shares of Quaker Chemical by 64.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 24,419 shares of the specialty chemicals company’s stock worth $5,012,000 after acquiring an additional 9,535 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in shares of Quaker Chemical in the first quarter worth approximately $706,000. 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.