Penn Capital Management Company LLC Sells 12,903 Shares of Quaker Houghton $KWR

Penn Capital Management Company LLC reduced its stake in shares of Quaker Houghton (NYSE:KWR) by 65.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,859 shares of the specialty chemicals company’s stock after selling 12,903 shares during the quarter. Penn Capital Management Company LLC’s holdings in Quaker Houghton were worth $904,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new stake in Quaker Houghton during the third quarter worth about $28,000. TD Waterhouse Canada Inc. bought a new position in Quaker Houghton in the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC increased its holdings in Quaker Houghton by 284.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 304 shares of the specialty chemicals company’s stock valued at $34,000 after buying an additional 225 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Quaker Houghton by 87.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 348 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 162 shares in the last quarter. Finally, Danske Bank A S acquired a new position in shares of Quaker Houghton in the 3rd quarter valued at approximately $66,000. Institutional investors and hedge funds own 77.46% of the company’s stock.

Wall Street Analysts Forecast Growth

KWR has been the topic of several analyst reports. Royal Bank Of Canada reduced their price target on shares of Quaker Houghton from $190.00 to $184.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Jefferies Financial Group restated a “buy” rating and set a $203.00 price objective on shares of Quaker Houghton in a research report on Thursday, February 26th. Wall Street Zen cut Quaker Houghton from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Finally, Zacks Research upgraded Quaker Houghton from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Quaker Houghton presently has an average rating of “Hold” and an average price target of $175.67.

Quaker Houghton Stock Down 0.4%

KWR stock opened at $120.15 on Thursday. The firm has a 50-day moving average price of $153.56 and a 200-day moving average price of $142.36. Quaker Houghton has a 12 month low of $95.91 and a 12 month high of $183.01. The company has a current ratio of 2.42, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $2.08 billion, a P/E ratio of -1,001.17, a price-to-earnings-growth ratio of 0.74 and a beta of 1.34.

Quaker Houghton (NYSE:KWR) last announced its quarterly earnings results on Monday, February 23rd. The specialty chemicals company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.06). The company had revenue of $468.48 million for the quarter, compared to the consensus estimate of $465.17 million. Quaker Houghton had a negative net margin of 0.13% and a positive return on equity of 8.99%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $1.33 earnings per share. As a group, equities research analysts anticipate that Quaker Houghton will post 7.75 EPS for the current fiscal year.

Quaker Houghton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a dividend of $0.508 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, April 16th. Quaker Houghton’s payout ratio is presently -1,691.67%.

Quaker Houghton Profile

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.