Quaker Houghton (NYSE:KWR) Upgraded to “Hold” at Zacks Research

Quaker Houghton (NYSE:KWRGet Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other brokerages have also recently commented on KWR. Jefferies Financial Group decreased their price target on shares of Quaker Houghton from $203.00 to $175.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Royal Bank Of Canada raised their price target on shares of Quaker Houghton from $151.00 to $157.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Seaport Research Partners raised shares of Quaker Houghton from a “neutral” rating to a “buy” rating and set a $175.00 price target for the company in a research report on Friday, April 17th. Wall Street Zen cut shares of Quaker Houghton from a “buy” rating to a “hold” rating in a research report on Sunday, April 12th. Finally, Weiss Ratings raised shares of Quaker Houghton from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $166.00.

View Our Latest Stock Report on KWR

Quaker Houghton Stock Up 1.9%

Quaker Houghton stock opened at $141.72 on Thursday. Quaker Houghton has a fifty-two week low of $103.36 and a fifty-two week high of $183.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 2.45. The firm has a 50 day moving average price of $131.39 and a 200 day moving average price of $141.63. The company has a market capitalization of $2.46 billion, a PE ratio of 506.15, a price-to-earnings-growth ratio of 1.06 and a beta of 1.42.

Quaker Houghton (NYSE:KWRGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $1.63 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.03). Quaker Houghton had a net margin of 0.22% and a return on equity of 9.03%. The business had revenue of $480.48 million during the quarter, compared to analysts’ expectations of $463.70 million. During the same period in the prior year, the business earned $1.58 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. Research analysts expect that Quaker Houghton will post 7.19 earnings per share for the current year.

Quaker Houghton announced that its board has initiated a stock buyback program on Wednesday, May 13th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the specialty chemicals company to repurchase up to 10.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Quaker Houghton

Several institutional investors have recently modified their holdings of the company. Wellington Management Group LLP lifted its position in shares of Quaker Houghton by 14.4% during the 4th quarter. Wellington Management Group LLP now owns 756,988 shares of the specialty chemicals company’s stock worth $103,942,000 after purchasing an additional 95,100 shares during the last quarter. Royce & Associates LP lifted its position in shares of Quaker Houghton by 19.2% during the 4th quarter. Royce & Associates LP now owns 755,740 shares of the specialty chemicals company’s stock worth $103,771,000 after purchasing an additional 121,854 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Quaker Houghton by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 750,789 shares of the specialty chemicals company’s stock worth $93,271,000 after purchasing an additional 38,261 shares during the last quarter. State Street Corp lifted its position 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 purchasing an additional 50,264 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its position in shares of Quaker Houghton by 33.6% during the 4th quarter. William Blair Investment Management LLC now owns 469,981 shares of the specialty chemicals company’s stock worth $64,533,000 after purchasing an additional 118,321 shares during the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

About Quaker Houghton

(Get Free Report)

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.

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Analyst Recommendations for Quaker Houghton (NYSE:KWR)

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