Quaker Houghton (NYSE:KWR) Shares Break Below 200 Day Moving Average on Analyst Downgrade

Shares of Quaker Houghton (NYSE:KWR) crossed below its 200-day moving average during trading on Monday after Royal Bank Of Canada lowered their price target on the stock from $202.00 to $192.00. The stock has a 200-day moving average of $150.41 and traded as low as $147.62. Royal Bank Of Canada currently has an outperform rating on the stock. Quaker Houghton shares last traded at $148.1650, with a volume of 233,481 shares trading hands.

Other research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Quaker Houghton from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. Wall Street Zen cut shares of Quaker Houghton from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Quaker Houghton in a research note on Friday. Truist Financial raised their target price on shares of Quaker Houghton from $190.00 to $192.00 and gave the company a “buy” rating in a research note on Monday. Finally, Zacks Research cut Quaker Houghton from a “strong-buy” rating to a “hold” rating in a report on Monday, October 26th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.00.

Insider Buying and Selling at Quaker Houghton

In related news, Director William Osborne sold 600 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $168.31, for a total value of $100,986.00. Following the sale, the director owned 616 shares in the company, valued at approximately $103,678.96. This represents a 49.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Quaker Houghton

Several institutional investors and hedge funds have recently modified their holdings of KWR. BlackRock Inc. bought a new position in shares of Quaker Houghton in the second quarter valued at about $335,290,000. Dimensional Fund Advisors LP lifted its stake in shares of Quaker Houghton by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 750,789 shares of the specialty chemicals company’s stock worth $93,271,000 after buying an additional 38,261 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Quaker Houghton during the 2nd quarter worth about $66,810,000. Bank of America Corp DE bought a new stake in shares of Quaker Houghton during the 2nd quarter worth about $37,045,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of Quaker Houghton by 1.7% during the 1st quarter. Janus Henderson Group PLC now owns 199,349 shares of the specialty chemicals company’s stock worth $24,766,000 after buying an additional 3,354 shares during the period. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Quaker Houghton Stock Down 1.8%

The firm has a market cap of $2.55 billion, a P/E ratio of 26.51, a P/E/G ratio of 1.06 and a beta of 1.40. The firm’s fifty day moving average is $158.47 and its 200 day moving average is $150.41. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.70 and a current ratio of 2.46.

Quaker Houghton (NYSE:KWR) last released its quarterly earnings results on Thursday, October 29th. The specialty chemicals company reported $2.39 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.29. The firm had revenue of $544.55 million for the quarter, compared to analysts’ expectations of $522.88 million. Quaker Houghton had a net margin of 4.94% and a return on equity of 9.55%. The business’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.08 EPS. As a group, equities research analysts anticipate that Quaker Houghton will post 7.85 earnings per share for the current fiscal year.

Quaker Houghton Company Profile

Quaker Houghton (NYSE:KWR) is a global provider of industrial process fluids and chemical products used in manufacturing and other heavy industries. The company develops, produces and supplies fluids, lubricants, cleaners, corrosion preventives and specialty chemical solutions designed to support metalworking, forming, treating and finishing processes.

Its products are used by customers in industries including steel, aluminum, automotive, aerospace, mining, machinery, metal packaging and other general manufacturing markets.