Kraton Corporation (NYSE:KRA) Director Barry J. Goldstein sold 16,651 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $49.15, for a total transaction of $818,396.65. Following the transaction, the director now directly owns 42,323 shares of the company’s stock, valued at $2,080,175.45. The sale was disclosed in a document filed with the SEC, which is available through this link.
Kraton Corporation (KRA) traded down $0.64 during trading on Thursday, hitting $48.70. 225,909 shares of the stock were exchanged, compared to its average volume of 324,755. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.19 and a current ratio of 2.27. Kraton Corporation has a one year low of $25.09 and a one year high of $51.23. The company has a market cap of $1,537.89, a P/E ratio of 19.90 and a beta of 1.21.
Kraton Corporation (NYSE:KRA) last posted its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.57. Kraton Corporation had a net margin of 1.27% and a return on equity of 14.19%. The company had revenue of $510.90 million for the quarter, compared to the consensus estimate of $481.77 million. During the same period last year, the firm posted $0.63 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. equities analysts expect that Kraton Corporation will post 2.96 EPS for the current year.
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KRA has been the subject of several recent analyst reports. BidaskClub raised shares of Kraton Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Kraton Corporation from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Tuesday, October 17th. SunTrust Banks, Inc. restated a “buy” rating and issued a $55.00 price target (up from $45.00) on shares of Kraton Corporation in a research report on Wednesday, October 11th. They noted that the move was a valuation call. UBS AG initiated coverage on shares of Kraton Corporation in a research report on Friday, September 29th. They issued a “buy” rating and a $65.00 price target on the stock. Finally, Loop Capital initiated coverage on shares of Kraton Corporation in a research report on Thursday, September 28th. They issued a “buy” rating and a $65.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Kraton Corporation presently has a consensus rating of “Hold” and an average target price of $51.50.
Institutional investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. bought a new stake in Kraton Corporation in the 2nd quarter valued at about $220,000. Brookfield Asset Management Inc. lifted its position in Kraton Corporation by 5.6% in the 2nd quarter. Brookfield Asset Management Inc. now owns 475,000 shares of the specialty chemicals company’s stock valued at $16,359,000 after purchasing an additional 25,000 shares during the last quarter. Northern Trust Corp lifted its position in Kraton Corporation by 10.3% in the 2nd quarter. Northern Trust Corp now owns 648,883 shares of the specialty chemicals company’s stock valued at $22,348,000 after purchasing an additional 60,449 shares during the last quarter. US Bancorp DE lifted its position in Kraton Corporation by 0.6% in the 2nd quarter. US Bancorp DE now owns 3,827 shares of the specialty chemicals company’s stock valued at $132,000 after purchasing an additional 21 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its position in Kraton Corporation by 3.0% in the 1st quarter. Thrivent Financial For Lutherans now owns 17,430 shares of the specialty chemicals company’s stock valued at $539,000 after purchasing an additional 510 shares during the last quarter. Institutional investors own 95.49% of the company’s stock.
About Kraton Corporation
Kraton Corporation, formerly Kraton Performance Polymers, Inc, is a specialty chemicals company. The Company manufactures styrenic block copolymers (SBCs) and other engineered polymers. The Company also produces specialty products primarily derived from pine wood pulping co-products. The Company operates through two segments: Polymer Segment, which comprises SBCs and other engineered polymers business, and Chemical Segment, which comprises pine-based specialty products business.
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