Quaker Houghton $KWR Holdings Boosted by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in shares of Quaker Houghton (NYSE:KWR) by 37.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,560 shares of the specialty chemicals company’s stock after buying an additional 18,109 shares during the quarter. ProShare Advisors LLC’s holdings in Quaker Houghton were worth $10,501,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Keybank National Association OH increased its stake in shares of Quaker Houghton by 3.5% in the first quarter. Keybank National Association OH now owns 2,084 shares of the specialty chemicals company’s stock worth $259,000 after buying an additional 71 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Quaker Houghton by 1.0% in the first quarter. PNC Financial Services Group Inc. now owns 8,600 shares of the specialty chemicals company’s stock valued at $1,068,000 after acquiring an additional 83 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Quaker Houghton by 2.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,111 shares of the specialty chemicals company’s stock valued at $494,000 after acquiring an additional 83 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Quaker Houghton by 51.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 344 shares of the specialty chemicals company’s stock valued at $43,000 after acquiring an additional 117 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in Quaker Houghton during the 2nd quarter valued at $25,000. Institutional investors and hedge funds own 77.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KWR shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Quaker Houghton from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, August 25th. Royal Bank Of Canada cut their target price on shares of Quaker Houghton from $202.00 to $192.00 and set an “outperform” rating on the stock in a research note on Monday. Zacks Research cut shares of Quaker Houghton from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Wall Street Zen cut shares of Quaker Houghton from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Truist Financial lifted their price target on Quaker Houghton from $190.00 to $192.00 and gave the stock a “buy” rating in a research note on Monday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.00.

Quaker Houghton Price Performance

Shares of NYSE KWR opened at $149.99 on Wednesday. Quaker Houghton has a twelve month low of $112.18 and a twelve month high of $183.01. The company has a current ratio of 2.47, a quick ratio of 1.71 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. The business has a 50 day simple moving average of $158.22 and a 200-day simple moving average of $150.37.

Quaker Houghton (NYSE:KWR) last announced its quarterly earnings data on Thursday, October 29th. The specialty chemicals company reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.29. Quaker Houghton had a return on equity of 9.84% and a net margin of 4.80%. The firm had revenue of $544.55 million for the quarter, compared to analysts’ expectations of $522.88 million. During the same period last year, the business posted $2.08 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, equities research analysts expect that Quaker Houghton will post 7.99 earnings per share for the current year.

Quaker Houghton Company Profile

Quaker Houghton (NYSE:KWR) is a global provider of industrial process fluids and chemical products used in manufacturing and other heavy industries. The company develops, produces and supplies fluids, lubricants, cleaners, corrosion preventives and specialty chemical solutions designed to support metalworking, forming, treating and finishing processes.

Its products are used by customers in industries including steel, aluminum, automotive, aerospace, mining, machinery, metal packaging and other general manufacturing markets.