Bryn Mawr Trust Advisors LLC Takes $216,000 Position in Quaker Houghton $KWR

Bryn Mawr Trust Advisors LLC bought a new stake in Quaker Houghton (NYSE:KWR) in the second quarter, HoldingsChannel reports. The fund bought 1,930 shares of the specialty chemicals company’s stock, valued at approximately $216,000.

A number of other hedge funds have also recently added to or reduced their stakes in KWR. Teacher Retirement System of Texas purchased a new stake in Quaker Houghton in the first quarter valued at approximately $257,000. Principal Financial Group Inc. grew its position in shares of Quaker Houghton by 3.0% during the first quarter. Principal Financial Group Inc. now owns 75,954 shares of the specialty chemicals company’s stock worth $9,389,000 after acquiring an additional 2,193 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Quaker Houghton by 2.5% in the 1st quarter. Bank of New York Mellon Corp now owns 126,795 shares of the specialty chemicals company’s stock valued at $15,673,000 after acquiring an additional 3,139 shares during the period. Envestnet Asset Management Inc. raised its position in Quaker Houghton by 14.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 95,075 shares of the specialty chemicals company’s stock valued at $11,752,000 after purchasing an additional 11,671 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in Quaker Houghton by 8.1% during the 1st quarter. Cerity Partners LLC now owns 12,876 shares of the specialty chemicals company’s stock worth $1,592,000 after purchasing an additional 970 shares during the period. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Zacks Research lowered shares of Quaker Houghton from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Quaker Houghton in a report on Wednesday, October 8th. Royal Bank Of Canada boosted their price target on Quaker Houghton from $149.00 to $171.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Quaker Houghton in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $152.33.

Quaker Houghton Trading Up 4.2%

Shares of Quaker Houghton stock opened at $137.47 on Monday. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of -319.69, a price-to-earnings-growth ratio of 1.67 and a beta of 1.47. Quaker Houghton has a 52-week low of $95.91 and a 52-week high of $175.83. The company’s 50-day simple moving average is $134.88 and its 200-day simple moving average is $124.20. The company has a quick ratio of 1.87, a current ratio of 2.56 and a debt-to-equity ratio of 0.67.

Quaker Houghton (NYSE:KWR) last announced its quarterly earnings data on Thursday, October 30th. The specialty chemicals company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.14. Quaker Houghton had a positive return on equity of 8.35% and a negative net margin of 0.39%.The company had revenue of $493.84 million for the quarter, compared to analyst estimates of $475.06 million. During the same quarter in the previous year, the company earned $1.89 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Quaker Houghton will post 7.75 earnings per share for the current year.

About Quaker Houghton

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.