Quaker Chemical (NYSE:KWR) Given “Buy” Rating at Janney Montgomery Scott

Janney Montgomery Scott reaffirmed their buy rating on shares of Quaker Chemical (NYSE:KWR) in a research note issued to investors on Wednesday morning, 24/7 WallStreet reports. The brokerage currently has a $204.00 target price on the specialty chemicals company’s stock.

A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut Quaker Chemical from a hold rating to a sell rating in a research report on Thursday, August 8th. ValuEngine cut Quaker Chemical from a buy rating to a hold rating in a research report on Friday, August 16th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $195.00.

Quaker Chemical stock traded down $0.69 during trading hours on Wednesday, reaching $152.42. 63,335 shares of the company were exchanged, compared to its average volume of 89,107. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 2.29 and a beta of 1.53. The company has a current ratio of 2.69, a quick ratio of 2.07 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average of $158.90 and a 200 day moving average of $187.42. Quaker Chemical has a 12 month low of $148.91 and a 12 month high of $224.30.

Quaker Chemical (NYSE:KWR) last announced its earnings results on Thursday, August 1st. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.56. The firm had revenue of $205.87 million during the quarter, compared to analysts’ expectations of $223.15 million. Quaker Chemical had a return on equity of 18.35% and a net margin of 6.69%. The company’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.56 earnings per share. As a group, research analysts forecast that Quaker Chemical will post 6.11 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a $0.385 dividend. The ex-dividend date is Wednesday, October 16th. This represents a $1.54 annualized dividend and a dividend yield of 1.01%. Quaker Chemical’s dividend payout ratio is 25.50%.

In other news, CEO Michael F. Barry sold 3,834 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $159.02, for a total value of $609,682.68. Following the completion of the sale, the chief executive officer now directly owns 156,301 shares of the company’s stock, valued at $24,854,985.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Quaker Chemical by 0.5% in the second quarter. BlackRock Inc. now owns 1,914,617 shares of the specialty chemicals company’s stock valued at $388,437,000 after acquiring an additional 9,512 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Quaker Chemical by 36.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,426,977 shares of the specialty chemicals company’s stock worth $289,505,000 after purchasing an additional 380,431 shares during the period. JPMorgan Chase & Co. lifted its position in Quaker Chemical by 3.2% in the second quarter. JPMorgan Chase & Co. now owns 742,144 shares of the specialty chemicals company’s stock worth $145,750,000 after purchasing an additional 22,997 shares during the period. Northern Trust Corp lifted its position in Quaker Chemical by 0.9% in the second quarter. Northern Trust Corp now owns 185,978 shares of the specialty chemicals company’s stock worth $37,731,000 after purchasing an additional 1,658 shares during the period. Finally, Copeland Capital Management LLC lifted its position in Quaker Chemical by 21.3% in the second quarter. Copeland Capital Management LLC now owns 165,914 shares of the specialty chemicals company’s stock worth $33,660,000 after purchasing an additional 29,122 shares during the period. 99.41% of the stock is owned by institutional investors.

Quaker Chemical Company Profile

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. The company's products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.

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