Quaker Houghton (NYSE:KWR) Issues Quarterly Earnings Results

Quaker Houghton (NYSE:KWR) issued its earnings results on Monday. The specialty chemicals company reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.06), FiscalAI reports. The firm had revenue of $468.48 million during the quarter, compared to analyst estimates of $465.17 million. Quaker Houghton had a negative net margin of 0.48% and a positive return on equity of 8.64%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 earnings per share.

Quaker Houghton Trading Down 2.7%

KWR stock opened at $169.77 on Tuesday. The business has a fifty day moving average price of $156.15 and a 200 day moving average price of $142.88. Quaker Houghton has a fifty-two week low of $95.91 and a fifty-two week high of $183.01. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of -346.48, a P/E/G ratio of 1.64 and a beta of 1.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.47 and a quick ratio of 1.77.

Institutional Trading of Quaker Houghton

Hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. lifted its position in Quaker Houghton by 5.4% during the 4th quarter. Invesco Ltd. now owns 68,059 shares of the specialty chemicals company’s stock worth $9,345,000 after buying an additional 3,505 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of Quaker Houghton by 37.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 3,314 shares of the specialty chemicals company’s stock valued at $455,000 after purchasing an additional 895 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Quaker Houghton by 12,361.9% in the fourth quarter. NewEdge Advisors LLC now owns 2,617 shares of the specialty chemicals company’s stock valued at $359,000 after purchasing an additional 2,596 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Quaker Houghton by 14.4% in the fourth quarter. Wellington Management Group LLP now owns 756,988 shares of the specialty chemicals company’s stock valued at $103,942,000 after purchasing an additional 95,100 shares in the last quarter. Finally, Susquehanna Portfolio Strategies LLC bought a new position in Quaker Houghton in the 4th quarter worth approximately $2,222,000. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KWR has been the topic of a number of analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $190.00 target price on shares of Quaker Houghton in a research note on Wednesday, January 21st. Wall Street Zen upgraded Quaker Houghton from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Zacks Research raised Quaker Houghton from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $158.67.

About Quaker Houghton

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.