Harbor Capital Advisors Inc. Sells 9,038 Shares of Quaker Houghton $KWR

Harbor Capital Advisors Inc. decreased its stake in shares of Quaker Houghton (NYSE:KWR) by 77.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,689 shares of the specialty chemicals company’s stock after selling 9,038 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Quaker Houghton were worth $354,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in KWR. TD Waterhouse Canada Inc. acquired a new stake in Quaker Houghton during the second quarter worth about $30,000. EverSource Wealth Advisors LLC lifted its position in shares of Quaker Houghton by 284.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 304 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 225 shares during the period. Osaic Holdings Inc. grew its holdings in shares of Quaker Houghton by 54.4% during the 2nd quarter. Osaic Holdings Inc. now owns 673 shares of the specialty chemicals company’s stock worth $76,000 after purchasing an additional 237 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Quaker Houghton during the second quarter valued at approximately $78,000. Finally, GAMMA Investing LLC increased its position in shares of Quaker Houghton by 151.2% during the second quarter. GAMMA Investing LLC now owns 912 shares of the specialty chemicals company’s stock valued at $102,000 after purchasing an additional 549 shares during the period. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Houghton Stock Down 0.5%

KWR opened at $143.77 on Tuesday. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of -293.41, a PEG ratio of 1.63 and a beta of 1.33. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.77 and a current ratio of 2.47. The firm’s 50-day simple moving average is $136.34 and its 200-day simple moving average is $131.76. Quaker Houghton has a twelve month low of $95.91 and a twelve month high of $148.80.

Quaker Houghton (NYSE:KWR) last announced its quarterly earnings results on Thursday, October 30th. The specialty chemicals company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.14. The firm had revenue of $493.84 million during the quarter, compared to the consensus estimate of $475.06 million. Quaker Houghton had a negative net margin of 0.48% and a positive return on equity of 8.64%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $1.89 EPS. Equities research analysts anticipate that Quaker Houghton will post 7.75 EPS for the current fiscal year.

Quaker Houghton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be issued a $0.508 dividend. This represents a $2.03 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, January 16th. Quaker Houghton’s payout ratio is presently -414.29%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Royal Bank Of Canada raised their target price on Quaker Houghton from $149.00 to $171.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Quaker Houghton in a report on Wednesday, October 8th. Zacks Research raised shares of Quaker Houghton from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Finally, Wall Street Zen raised shares of Quaker Houghton from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $152.33.

Quaker Houghton Profile

Quaker Houghton is a global provider of process fluids, chemical specialties and sustainable solutions for industrial applications. The company develops and supplies metalworking fluids, coatings, and corrosion inhibitors, as well as heat transfer, lubrication and additive products designed to improve productivity and extend equipment life. Its portfolio addresses a range of end markets including automotive, aerospace, defense, energy, mining, agriculture and heavy industry.

The company traces its roots back to the founding of Quaker Chemical Corporation in 1918 and Houghton International in 1865.