Quaker Houghton (NYSE:KWR – Get Free Report) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.
A number of other brokerages have also recently issued reports on KWR. Truist Financial reaffirmed a “buy” rating and issued a $190.00 price objective (up from $172.00) on shares of Quaker Houghton in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Quaker Houghton from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Wall Street Zen raised shares of Quaker Houghton from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Royal Bank Of Canada boosted their price target on shares of Quaker Houghton from $198.00 to $202.00 and gave the stock an “outperform” rating in a research note on Thursday, October 15th. Finally, Weiss Ratings upgraded shares of Quaker Houghton from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $188.00.
Check Out Our Latest Analysis on Quaker Houghton
Quaker Houghton Stock Performance
NYSE:KWR opened at $157.50 on Monday. The business has a 50 day moving average of $159.39 and a 200 day moving average of $150.37. Quaker Houghton has a 1-year low of $112.18 and a 1-year high of $183.01.
Quaker Houghton (NYSE:KWR – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The specialty chemicals company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.53. The business had revenue of $532.55 million for the quarter, compared to the consensus estimate of $504.63 million. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.71 earnings per share. Equities analysts predict that Quaker Houghton will post 7.85 EPS for the current year.
Insiders Place Their Bets
In other news, Director William Osborne sold 600 shares of the firm’s 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 transaction, 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in KWR. American Capital Management Inc. purchased a new position in shares of Quaker Houghton during the second quarter valued at approximately $4,334,000. Corient Private Wealth LP purchased a new position in Quaker Houghton during the 2nd quarter valued at $706,000. Bank of America Corp DE purchased a new position in Quaker Houghton during the 2nd quarter valued at $37,045,000. The Manufacturers Life Insurance Company purchased a new position in Quaker Houghton during the 2nd quarter valued at $1,087,000. Finally, Sei Investments Co. raised its holdings in Quaker Houghton by 35.9% in the 1st quarter. Sei Investments Co. now owns 69,636 shares of the specialty chemicals company’s stock worth $8,651,000 after purchasing an additional 18,405 shares in the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.
About Quaker Houghton
Quaker Houghton (NYSE:KWR) is a global provider of industrial process fluids and chemical products used in manufacturing and other heavy industries. The company develops, produces and supplies fluids, lubricants, cleaners, corrosion preventives and specialty chemical solutions designed to support metalworking, forming, treating and finishing processes.
Its products are used by customers in industries including steel, aluminum, automotive, aerospace, mining, machinery, metal packaging and other general manufacturing markets.
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