Quaker Houghton (NYSE:KWR) Stock Rating Lowered by Zacks Research

Quaker Houghton (NYSE:KWR) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

KWR has been the topic of a number of other reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Quaker Houghton in a research note on Wednesday, October 8th. Royal Bank Of Canada set a $135.00 price target on shares of Quaker Houghton and gave the stock an “outperform” rating in a research report on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Quaker Houghton in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Quaker Houghton has an average rating of “Hold” and a consensus target price of $150.75.

Quaker Houghton Stock Performance

NYSE:KWR opened at $135.17 on Wednesday. Quaker Houghton has a 1 year low of $95.91 and a 1 year high of $180.96. The firm’s fifty day simple moving average is $136.68 and its 200 day simple moving average is $121.50. The company has a current ratio of 2.56, a quick ratio of 1.87 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $2.35 billion, a PE ratio of -314.35, a PEG ratio of 1.71 and a beta of 1.42.

Quaker Houghton (NYSE:KWR) last posted its earnings results on Thursday, July 31st. The specialty chemicals company reported $1.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.11). Quaker Houghton had a negative net margin of 0.39% and a positive return on equity of 8.35%. The firm had revenue of $483.40 million during the quarter, compared to analyst estimates of $463.57 million. During the same quarter in the previous year, the business posted $2.13 earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Quaker Houghton will post 7.75 EPS for the current year.

Hedge Funds Weigh In On Quaker Houghton

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp lifted its holdings in shares of Quaker Houghton by 9.2% during the 2nd quarter. State Street Corp now owns 596,618 shares of the specialty chemicals company’s stock worth $66,785,000 after acquiring an additional 50,264 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Quaker Houghton by 14.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 431,054 shares of the specialty chemicals company’s stock worth $53,283,000 after acquiring an additional 52,962 shares during the period. Copeland Capital Management LLC lifted its holdings in shares of Quaker Houghton by 2.4% during the 2nd quarter. Copeland Capital Management LLC now owns 430,402 shares of the specialty chemicals company’s stock worth $48,179,000 after acquiring an additional 10,133 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Quaker Houghton by 5.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 417,897 shares of the specialty chemicals company’s stock worth $51,681,000 after acquiring an additional 23,189 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Quaker Houghton by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 326,397 shares of the specialty chemicals company’s stock worth $36,542,000 after acquiring an additional 6,606 shares during the period. 77.46% of the stock is owned by institutional investors.

Quaker Houghton Company Profile

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.