First National Bank of Omaha Makes New $486,000 Investment in Quaker Houghton $KWR

First National Bank of Omaha acquired a new stake in Quaker Houghton (NYSE:KWRFree Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,058 shares of the specialty chemicals company’s stock, valued at approximately $486,000.

Several other large investors have also modified their holdings of KWR. BlackRock Inc. purchased a new position in shares of Quaker Houghton during the second quarter worth approximately $335,290,000. Pallas Capital Advisors LLC purchased a new stake in Quaker Houghton in the 2nd quarter valued at $202,000. Deutsche Bank AG acquired a new stake in Quaker Houghton during the 2nd quarter worth $2,429,000. OneDigital Investment Advisors LLC purchased a new position in Quaker Houghton during the 2nd quarter worth $205,000. Finally, Global Retirement Partners LLC acquired a new position in Quaker Houghton in the second quarter valued at $66,000. 77.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Jeewat Bijlani sold 731 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $145.77, for a total value of $106,557.87. Following the completion of the sale, the executive vice president directly owned 6,748 shares of the company’s stock, valued at $983,655.96. This trade represents a 9.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William H. Osborne sold 600 shares of Quaker Houghton stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $168.31, for a total value of $100,986.00. Following the completion of the sale, the director owned 616 shares in the company, valued at approximately $103,678.96. This trade represents a 49.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.00% of the stock is currently owned by insiders.

Quaker Houghton Stock Up 1.3%

Shares of Quaker Houghton stock opened at $167.11 on Thursday. Quaker Houghton has a one year low of $112.18 and a one year high of $183.01. The company has a market cap of $2.88 billion, a P/E ratio of 29.79, a PEG ratio of 1.17 and a beta of 1.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.70 and a current ratio of 2.46. The firm has a fifty day moving average of $156.67 and a two-hundred day moving average of $146.96.

Quaker Houghton (NYSE:KWRGet Free Report) last issued its earnings results on Thursday, July 30th. The specialty chemicals company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.53. Quaker Houghton had a net margin of 4.94% and a return on equity of 9.55%. The business had revenue of $532.55 million for the quarter, compared to the consensus estimate of $504.63 million. During the same quarter in the previous year, the firm earned $1.71 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts forecast that Quaker Houghton will post 7.72 earnings per share for the current year.

Quaker Houghton announced that its board has approved a share repurchase plan on Wednesday, May 13th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the specialty chemicals company to buy up to 10.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Quaker Houghton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $2.12 dividend on an annualized basis and a yield of 1.3%. This is a boost from Quaker Houghton’s previous quarterly dividend of $0.51. Quaker Houghton’s dividend payout ratio is presently 36.19%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KWR shares. Truist Financial reiterated a “buy” rating and set a $190.00 target price (up from $172.00) on shares of Quaker Houghton in a research note on Monday, August 3rd. Weiss Ratings upgraded Quaker Houghton from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Royal Bank Of Canada upped their price objective on Quaker Houghton from $177.00 to $198.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Wall Street Zen raised Quaker Houghton from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Zacks Research upgraded Quaker Houghton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $187.67.

Check Out Our Latest Analysis on Quaker Houghton

Quaker Houghton Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Quaker Houghton (NYSE:KWR)

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