KLP Kapitalforvaltning AS Has $302,000 Stock Position in Quaker Houghton $KWR

KLP Kapitalforvaltning AS lowered its holdings in Quaker Houghton (NYSE:KWR) by 10.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,700 shares of the specialty chemicals company’s stock after selling 300 shares during the period. KLP Kapitalforvaltning AS’s holdings in Quaker Houghton were worth $302,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KWR. Wellington Management Group LLP acquired a new stake in Quaker Houghton in the 1st quarter valued at approximately $23,190,000. Raymond James Financial Inc. grew its holdings in shares of Quaker Houghton by 26.6% during the 1st quarter. Raymond James Financial Inc. now owns 260,665 shares of the specialty chemicals company’s stock worth $32,221,000 after purchasing an additional 54,800 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Quaker Houghton during the 1st quarter worth approximately $6,719,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of Quaker Houghton by 14.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 431,054 shares of the specialty chemicals company’s stock worth $53,283,000 after purchasing an additional 52,962 shares in the last quarter. Finally, Copeland Capital Management LLC grew its holdings in shares of Quaker Houghton by 12.0% during the 1st quarter. Copeland Capital Management LLC now owns 420,269 shares of the specialty chemicals company’s stock worth $51,949,000 after purchasing an additional 44,895 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Houghton Price Performance

Quaker Houghton stock opened at $130.42 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.56 and a quick ratio of 1.87. The company has a market capitalization of $2.27 billion, a PE ratio of -303.30, a price-to-earnings-growth ratio of 1.45 and a beta of 1.42. Quaker Houghton has a one year low of $95.91 and a one year high of $180.96. The business has a 50 day simple moving average of $136.67 and a 200 day simple moving average of $120.92.

Quaker Houghton (NYSE:KWR) last posted its earnings results on Thursday, July 31st. The specialty chemicals company reported $1.71 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.11). The company had revenue of $483.40 million for the quarter, compared to the consensus estimate of $463.57 million. Quaker Houghton had a positive return on equity of 8.35% and a negative net margin of 0.39%.Quaker Houghton’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.13 EPS. On average, sell-side analysts forecast that Quaker Houghton will post 7.75 EPS for the current fiscal year.

Quaker Houghton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a dividend of $0.508 per share. This is a boost from Quaker Houghton’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, October 17th. This represents a $2.03 annualized dividend and a dividend yield of 1.6%. Quaker Houghton’s dividend payout ratio is -472.09%.

Analyst Upgrades and Downgrades

KWR has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Quaker Houghton in a report on Wednesday, August 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Quaker Houghton in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada set a $135.00 price objective on Quaker Houghton and gave the stock an “outperform” rating in a report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Quaker Houghton currently has an average rating of “Hold” and a consensus target price of $150.75.

Quaker Houghton Company Profile

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.