Eagle Boston Investment Management Inc. increased its holdings in shares of Kraton Corporation (NYSE:KRA) by 1.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 244,638 shares of the specialty chemicals company’s stock after acquiring an additional 2,855 shares during the quarter. Eagle Boston Investment Management Inc. owned approximately 0.78% of Kraton worth $10,216,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Teachers Advisors LLC raised its stake in shares of Kraton by 2.1% in the first quarter. Teachers Advisors LLC now owns 55,461 shares of the specialty chemicals company’s stock valued at $1,715,000 after buying an additional 1,131 shares during the period. Vanguard Group Inc. raised its stake in shares of Kraton by 5.5% in the first quarter. Vanguard Group Inc. now owns 2,835,197 shares of the specialty chemicals company’s stock valued at $87,664,000 after buying an additional 147,286 shares during the period. Geode Capital Management LLC raised its stake in shares of Kraton by 5.6% in the first quarter. Geode Capital Management LLC now owns 233,179 shares of the specialty chemicals company’s stock valued at $7,209,000 after buying an additional 12,411 shares during the period. BlackRock Inc. raised its stake in shares of Kraton by 48,153.2% in the first quarter. BlackRock Inc. now owns 3,811,520 shares of the specialty chemicals company’s stock valued at $117,851,000 after buying an additional 3,803,621 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Kraton by 8.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 217,681 shares of the specialty chemicals company’s stock valued at $6,731,000 after buying an additional 17,625 shares during the period. Institutional investors and hedge funds own 97.50% of the company’s stock.
Several brokerages have issued reports on KRA. BidaskClub lowered Kraton from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. ValuEngine cut Kraton from a “strong-buy” rating to a “buy” rating in a research report on Friday. SunTrust Banks restated a “buy” rating and set a $55.00 target price (up from $45.00) on shares of Kraton in a research report on Wednesday, October 11th. They noted that the move was a valuation call. Zacks Investment Research upgraded Kraton from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Tuesday, October 17th. Finally, UBS boosted their target price on Kraton from $28.00 to $30.00 and gave the stock a “sell” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $51.50.
Kraton Corporation (NYSE:KRA) opened at $45.49 on Tuesday. Kraton Corporation has a fifty-two week low of $25.09 and a fifty-two week high of $51.23. The company has a quick ratio of 1.19, a current ratio of 2.27 and a debt-to-equity ratio of 2.85. The stock has a market capitalization of $1,420.00, a PE ratio of 18.92 and a beta of 1.18.
Kraton (NYSE:KRA) last released its earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.57. Kraton had a return on equity of 14.19% and a net margin of 1.27%. The company had revenue of $510.90 million during the quarter, compared to analyst estimates of $481.77 million. During the same quarter in the previous year, the company posted $0.63 EPS. Kraton’s revenue for the quarter was up 12.5% on a year-over-year basis. research analysts anticipate that Kraton Corporation will post 2.96 earnings per share for the current fiscal year.
In other news, Director Barry J. Goldstein sold 16,651 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $49.15, for a total value of $818,396.65. Following the completion of the transaction, the director now owns 42,323 shares of the company’s stock, valued at approximately $2,080,175.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin Michael Fogarty sold 81,430 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $49.09, for a total value of $3,997,398.70. Following the completion of the transaction, the chief executive officer now directly owns 278,119 shares of the company’s stock, valued at approximately $13,652,861.71. The disclosure for this sale can be found here. In the last three months, insiders sold 218,614 shares of company stock valued at $10,434,139. 4.71% of the stock is currently owned by corporate insiders.
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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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