Quaker Houghton $KWR Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its stake in Quaker Houghton (NYSE:KWR) by 6.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 103,852 shares of the specialty chemicals company’s stock after buying an additional 6,111 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Quaker Houghton were worth $11,625,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Quaker Houghton by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 75,954 shares of the specialty chemicals company’s stock valued at $9,389,000 after purchasing an additional 2,193 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Quaker Houghton by 390.5% in the 1st quarter. GAMMA Investing LLC now owns 363 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 289 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Quaker Houghton by 25.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,882 shares of the specialty chemicals company’s stock valued at $480,000 after purchasing an additional 778 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Quaker Houghton by 5.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,229 shares of the specialty chemicals company’s stock worth $770,000 after buying an additional 340 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Quaker Houghton by 8.1% during the first quarter. Cerity Partners LLC now owns 12,876 shares of the specialty chemicals company’s stock valued at $1,592,000 after acquiring an additional 970 shares during the last quarter. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Wall Street Analyst Weigh In

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

Quaker Houghton Price Performance

NYSE:KWR opened at $130.42 on Monday. Quaker Houghton has a one year low of $95.91 and a one year high of $180.96. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.87 and a current ratio of 2.56. The stock has a market cap of $2.27 billion, a PE ratio of -303.30, a P/E/G ratio of 1.45 and a beta of 1.42. The stock has a 50 day moving average price of $136.67 and a 200 day moving average price of $120.92.

Quaker Houghton (NYSE:KWR) last posted its quarterly 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). Quaker Houghton had a negative net margin of 0.39% and a positive return on equity of 8.35%. The company had revenue of $483.40 million during the quarter, compared to analyst estimates of $463.57 million. During the same period in the prior year, the business posted $2.13 EPS. Quaker Houghton’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities research analysts expect that Quaker Houghton will post 7.75 EPS for the current fiscal year.

Quaker Houghton Increases Dividend

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

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.