WINTON GROUP Ltd Invests $4.74 Million in Quaker Houghton $KWR

WINTON GROUP Ltd bought a new stake in Quaker Houghton (NYSE:KWRFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 29,825 shares of the specialty chemicals company’s stock, valued at approximately $4,738,000.

Other large investors also recently made changes to their positions in the company. Keybank National Association OH lifted its holdings in Quaker Houghton by 3.5% during the 1st quarter. Keybank National Association OH now owns 2,084 shares of the specialty chemicals company’s stock worth $259,000 after purchasing an additional 71 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Quaker Houghton by 1.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,600 shares of the specialty chemicals company’s stock valued at $1,068,000 after purchasing an additional 83 shares during the period. Integrated Wealth Concepts LLC grew its holdings in Quaker Houghton by 7.1% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,650 shares of the specialty chemicals company’s stock valued at $204,000 after buying an additional 109 shares in the last quarter. LPL Financial LLC grew its holdings in Quaker Houghton by 1.4% in the 4th quarter. LPL Financial LLC now owns 8,105 shares of the specialty chemicals company’s stock valued at $1,113,000 after buying an additional 114 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Quaker Houghton by 51.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 344 shares of the specialty chemicals company’s stock worth $43,000 after buying an additional 117 shares during the period. Institutional investors own 77.46% of the company’s stock.

Analyst Ratings Changes

KWR has been the subject of a number of research reports. Weiss Ratings raised Quaker Houghton from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Zacks Research raised shares of Quaker Houghton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Truist Financial reissued a “buy” rating and issued a $190.00 price objective (up from $172.00) on shares of Quaker Houghton in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft increased 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. Finally, Royal Bank Of Canada lifted their price target on shares of Quaker Houghton from $177.00 to $198.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $187.00.

View Our Latest Analysis on KWR

Quaker Houghton Trading Up 0.2%

Shares of KWR stock opened at $155.42 on Friday. The stock’s fifty day moving average price is $159.84 and its two-hundred day moving average price is $145.88. The company has a market cap of $2.67 billion, a PE ratio of 27.70, a P/E/G ratio of 1.04 and a beta of 1.40. Quaker Houghton has a fifty-two week low of $112.18 and a fifty-two week high of $183.01. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.70 and a current ratio of 2.46.

Quaker Houghton (NYSE:KWRGet Free Report) last posted its quarterly earnings results on Thursday, July 30th. The specialty chemicals company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.53. Quaker Houghton had a return on equity of 9.55% and a net margin of 4.94%.The company had revenue of $532.55 million during the quarter, compared to analysts’ expectations of $504.63 million. During the same quarter in the previous year, the firm earned $1.71 EPS. Quaker Houghton’s revenue was up 10.2% on a year-over-year basis. Equities analysts predict that Quaker Houghton will post 7.85 EPS for the current fiscal year.

Quaker Houghton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $0.53 dividend. This is a boost from Quaker Houghton’s previous quarterly dividend of $0.51. This represents a $2.12 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, October 16th. Quaker Houghton’s dividend payout ratio (DPR) is presently 36.19%.

Insider Buying and Selling

In other Quaker Houghton news, Director William Osborne sold 600 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $168.31, for a total transaction of $100,986.00. Following the completion of the transaction, the director owned 616 shares of the company’s stock, valued at approximately $103,678.96. The trade was a 49.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

About Quaker Houghton

(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.

Further Reading

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

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