Quaker Houghton (NYSE:KWR) Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp boosted its holdings in shares of Quaker Houghton (NYSE:KWR) by 119.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 391 shares of the specialty chemicals company’s stock after acquiring an additional 213 shares during the period. Fifth Third Bancorp’s holdings in Quaker Houghton were worth $48,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Quaker Houghton by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 1,638,419 shares of the specialty chemicals company’s stock worth $230,624,000 after acquiring an additional 23,832 shares during the last quarter. JPMorgan Chase & Co. raised its position in Quaker Houghton by 19.2% during the fourth quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company’s stock worth $106,870,000 after acquiring an additional 122,494 shares during the last quarter. Royce & Associates LP raised its position in Quaker Houghton by 27.8% during the fourth quarter. Royce & Associates LP now owns 555,219 shares of the specialty chemicals company’s stock worth $78,153,000 after acquiring an additional 120,916 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Quaker Houghton by 13.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 445,365 shares of the specialty chemicals company’s stock worth $62,689,000 after acquiring an additional 51,393 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in Quaker Houghton by 4.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 378,092 shares of the specialty chemicals company’s stock worth $53,221,000 after acquiring an additional 17,048 shares during the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Piper Sandler cut their target price on shares of Quaker Houghton from $170.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. Jefferies Financial Group upgraded shares of Quaker Houghton from a “hold” rating to a “buy” rating and set a $146.00 price target for the company in a report on Monday, June 9th. Wall Street Zen downgraded shares of Quaker Houghton from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Royal Bank Of Canada lowered their price target on shares of Quaker Houghton from $172.00 to $169.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $159.25.

Quaker Houghton Stock Performance

Shares of NYSE KWR opened at $112.63 on Friday. The company has a market cap of $1.99 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.12 and a beta of 1.38. Quaker Houghton has a 12 month low of $95.91 and a 12 month high of $193.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.45 and a quick ratio of 1.79. The company has a 50-day simple moving average of $107.64 and a 200-day simple moving average of $125.36.

Quaker Houghton (NYSE:KWR) last issued its quarterly earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.06. Quaker Houghton had a net margin of 5.20% and a return on equity of 8.86%. The business had revenue of $442.91 million during the quarter, compared to the consensus estimate of $455.23 million. During the same period in the previous year, the firm posted $2.09 earnings per share. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. On average, equities analysts anticipate that Quaker Houghton will post 7.75 earnings per share for the current year.

Quaker Houghton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $1.94 dividend on an annualized basis and a yield of 1.72%. Quaker Houghton’s payout ratio is 36.67%.

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.