ProShare Advisors LLC Decreases Stock Holdings in Quaker Houghton $KWR

ProShare Advisors LLC reduced its holdings in Quaker Houghton (NYSE:KWR) by 15.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,675 shares of the specialty chemicals company’s stock after selling 8,140 shares during the period. ProShare Advisors LLC owned approximately 0.26% of Quaker Houghton worth $6,018,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in KWR. AQR Capital Management LLC lifted its holdings in shares of Quaker Houghton by 114.3% in the 1st quarter. AQR Capital Management LLC now owns 23,139 shares of the specialty chemicals company’s stock valued at $2,860,000 after acquiring an additional 12,341 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of 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 purchasing an additional 109 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Quaker Houghton by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,211 shares of the specialty chemicals company’s stock worth $1,015,000 after purchasing an additional 345 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Quaker Houghton by 29.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 95,751 shares of the specialty chemicals company’s stock valued at $11,836,000 after purchasing an additional 21,665 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in Quaker Houghton by 44.4% during the 1st quarter. Intech Investment Management LLC now owns 9,873 shares of the specialty chemicals company’s stock valued at $1,220,000 after buying an additional 3,034 shares during the period. 77.46% of the stock is currently owned by institutional investors.

Quaker Houghton Stock Down 0.3%

Shares of KWR opened at $177.26 on Friday. The firm has a fifty day moving average price of $150.74 and a 200-day moving average price of $139.87. The company has a current ratio of 2.47, a quick ratio of 1.77 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $3.07 billion, a P/E ratio of -361.75, a P/E/G ratio of 1.67 and a beta of 1.35. Quaker Houghton has a 12-month low of $95.91 and a 12-month high of $182.58.

Quaker Houghton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were paid a $0.508 dividend. The ex-dividend date of this dividend was Friday, January 16th. This represents a $2.03 annualized dividend and a yield of 1.1%. Quaker Houghton’s dividend payout ratio is -414.29%.

Analysts Set New Price Targets

A number of research firms have weighed in on KWR. Zacks Research upgraded shares of Quaker Houghton from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Wall Street Zen cut shares of Quaker Houghton from a “buy” rating to a “hold” rating in a research note on Saturday, January 24th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $190.00 price objective on shares of Quaker Houghton in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.