Zacks Investment Research Downgrades Quaker Chemical Corporation (KWR) to Sell

Quaker Chemical Corporation (NYSE:KWR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Saturday.

According to Zacks, “Quaker Chemical Corp. develops, produces, and markets a broad range of formulated chemical specialty products for various heavy industrial and manufacturing applications and, in addition, offers and markets chemical management services. Quaker’s principal products and services include: rolling lubricants, corrosion preventives, metal finishing compounds, machining and grinding compounds, forming compounds, hydraulic fluids, technology for the removal of hydrogen sulfide, chemical milling maskants, construction products and programs to provide chemical management services. “

Other equities analysts also recently issued reports about the stock. BidaskClub downgraded shares of Quaker Chemical Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $153.00 price target on shares of Quaker Chemical Corporation in a research note on Wednesday, July 19th. Finally, FBR & Co reissued a “marketperform” rating on shares of Quaker Chemical Corporation in a research note on Tuesday, July 11th.

Shares of Quaker Chemical Corporation (NYSE KWR) opened at 138.60 on Friday. The firm has a market capitalization of $1.84 billion, a P/E ratio of 35.23 and a beta of 1.22. The stock has a 50 day moving average price of $139.03 and a 200 day moving average price of $139.41. Quaker Chemical Corporation has a 52 week low of $96.35 and a 52 week high of $154.38.

Quaker Chemical Corporation (NYSE:KWR) last released its quarterly earnings results on Thursday, July 27th. The specialty chemicals company reported $1.24 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.24. Quaker Chemical Corporation had a net margin of 6.73% and a return on equity of 15.52%. The company had revenue of $201.18 million during the quarter, compared to the consensus estimate of $197.23 million. During the same period in the prior year, the firm earned $1.11 earnings per share. Quaker Chemical Corporation’s revenue was up 7.6% on a year-over-year basis. Analysts forecast that Quaker Chemical Corporation will post $4.93 EPS for the current year.

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In other Quaker Chemical Corporation news, Director Donald R. Caldwell sold 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $139.55, for a total transaction of $251,190.00. Following the completion of the transaction, the director now owns 9,281 shares of the company’s stock, valued at $1,295,163.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jan Nieman sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $140.00, for a total transaction of $140,000.00. Following the transaction, the vice president now directly owns 15,636 shares of the company’s stock, valued at approximately $2,189,040. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. LS Investment Advisors LLC increased its stake in shares of Quaker Chemical Corporation by 54.2% during the first quarter. LS Investment Advisors LLC now owns 777 shares of the specialty chemicals company’s stock valued at $102,000 after purchasing an additional 273 shares in the last quarter. Flinton Capital Management LLC increased its stake in shares of Quaker Chemical Corporation by 29.7% during the second quarter. Flinton Capital Management LLC now owns 768 shares of the specialty chemicals company’s stock valued at $111,000 after purchasing an additional 176 shares in the last quarter. FNY Partners Fund LP bought a new position in shares of Quaker Chemical Corporation during the first quarter valued at approximately $134,000. Riverhead Capital Management LLC increased its stake in shares of Quaker Chemical Corporation by 55.3% during the second quarter. Riverhead Capital Management LLC now owns 932 shares of the specialty chemicals company’s stock valued at $135,000 after purchasing an additional 332 shares in the last quarter. Finally, Advisor Group Inc. increased its stake in shares of Quaker Chemical Corporation by 15.6% during the second quarter. Advisor Group Inc. now owns 954 shares of the specialty chemicals company’s stock valued at $139,000 after purchasing an additional 129 shares in the last quarter. 82.75% of the stock is owned by institutional investors and hedge funds.

Quaker Chemical Corporation Company Profile

Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others. The Company’s segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.

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