Quaker Chemical Co. (NYSE:KWR) Receives Average Rating of “Moderate Buy” from Analysts

Quaker Chemical Co. (NYSE:KWRGet Rating) has earned an average recommendation of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $198.00.

Several analysts have recently issued reports on the company. Royal Bank of Canada assumed coverage on Quaker Chemical in a research note on Tuesday, October 25th. They issued an “outperform” rating and a $196.00 price objective on the stock. StockNews.com initiated coverage on Quaker Chemical in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Quaker Chemical from $180.00 to $200.00 in a report on Friday, November 11th.

Hedge Funds Weigh In On Quaker Chemical

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Quaker Chemical by 0.4% during the third quarter. BlackRock Inc. now owns 2,189,177 shares of the specialty chemicals company’s stock worth $316,073,000 after buying an additional 9,755 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Quaker Chemical by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,568,454 shares of the specialty chemicals company’s stock valued at $226,453,000 after purchasing an additional 21,526 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Quaker Chemical by 7.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,359,780 shares of the specialty chemicals company’s stock valued at $203,314,000 after purchasing an additional 93,539 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Quaker Chemical by 15.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 721,157 shares of the specialty chemicals company’s stock valued at $107,826,000 after purchasing an additional 98,852 shares in the last quarter. Finally, Brown Advisory Inc. boosted its holdings in Quaker Chemical by 1.9% in the 3rd quarter. Brown Advisory Inc. now owns 593,058 shares of the specialty chemicals company’s stock valued at $85,626,000 after purchasing an additional 11,298 shares in the last quarter. Hedge funds and other institutional investors own 79.88% of the company’s stock.

Quaker Chemical Stock Down 0.6 %

Shares of NYSE KWR opened at $192.00 on Friday. The stock has a market cap of $3.44 billion, a P/E ratio of 44.04 and a beta of 1.33. The company has a current ratio of 2.69, a quick ratio of 1.83 and a debt-to-equity ratio of 0.73. Quaker Chemical has a 12-month low of $129.06 and a 12-month high of $248.53. The business’s fifty day simple moving average is $161.11 and its 200-day simple moving average is $159.35.

Quaker Chemical Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 17th will be issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, January 13th. Quaker Chemical’s dividend payout ratio is currently 39.91%.

About Quaker Chemical

(Get Rating)

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications. The company operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses.

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