Quaker Chemical (NYSE:KWR) Hits New 1-Year Low – Here’s What Happened

10 Jan 2025, 13:20 by Tristan Rich · The Markets Daily

Quaker Chemical Co. (NYSE:KWR – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $131.49 and last traded at $132.52, with a volume of 136442 shares. The stock had previously closed at $136.77.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Piper Sandler restated a “neutral” rating and set a $170.00 target price (down previously from $200.00) on shares of Quaker Chemical in a research note on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada lowered their target price on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Finally, StockNews.com upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

Get Our Latest Research Report on KWR

Quaker Chemical Price Performance

The firm has a market cap of $2.33 billion, a P/E ratio of 19.17, a P/E/G ratio of 1.84 and a beta of 1.39. The firm’s fifty day simple moving average is $153.51 and its 200 day simple moving average is $162.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54.

Quaker Chemical (NYSE:KWR – Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.19). The firm had revenue of $462.27 million for the quarter, compared to analysts’ expectations of $469.17 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.05 EPS. As a group, analysts forecast that Quaker Chemical Co. will post 7.78 earnings per share for the current year.

Quaker Chemical Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, January 17th. This represents a $1.94 annualized dividend and a yield of 1.48%. Quaker Chemical’s dividend payout ratio (DPR) is currently 28.45%.

Insider Transactions at Quaker Chemical

In related news, SVP David Slinkman sold 1,700 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $167.80, for a total transaction of $285,260.00. Following the transaction, the senior vice president now directly owns 2,825 shares in the company, valued at approximately $474,035. This represents a 37.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jeewat Bijlani sold 645 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $165.98, for a total transaction of $107,057.10. Following the completion of the sale, the executive vice president now directly owns 4,747 shares of the company’s stock, valued at approximately $787,907.06. The trade was a 11.96 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Quaker Chemical

Several hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in shares of Quaker Chemical by 105.3% in the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 80 shares during the period. KBC Group NV raised its position in Quaker Chemical by 50.9% during the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock valued at $88,000 after purchasing an additional 177 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of 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 buying an additional 453 shares during the period. iSAM Funds UK Ltd bought a new position in shares of Quaker Chemical during the 3rd quarter worth $208,000. Finally, Edgestream Partners L.P. purchased a new position in shares of Quaker Chemical during the third quarter valued at $215,000. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

About Quaker Chemical

(Get Free Report)

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.