Dimensional Fund Advisors LP Raises Position in Platform Specialty Products Corporation (PAH)

Dimensional Fund Advisors LP boosted its stake in Platform Specialty Products Corporation (NYSE:PAH) by 14.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,506,124 shares of the specialty chemicals company’s stock after buying an additional 708,950 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.92% of Platform Specialty Products Corporation worth $69,819,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. AXA purchased a new position in Platform Specialty Products Corporation in the 2nd quarter valued at about $22,303,000. BlackRock Inc. lifted its stake in Platform Specialty Products Corporation by 20,109.1% in the 1st quarter. BlackRock Inc. now owns 10,392,944 shares of the specialty chemicals company’s stock valued at $135,317,000 after buying an additional 10,341,517 shares in the last quarter. First Trust Advisors LP lifted its stake in Platform Specialty Products Corporation by 49.9% in the 2nd quarter. First Trust Advisors LP now owns 553,237 shares of the specialty chemicals company’s stock valued at $7,015,000 after buying an additional 184,273 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Platform Specialty Products Corporation in the 2nd quarter valued at about $542,000. Finally, Rhumbline Advisers lifted its stake in Platform Specialty Products Corporation by 18.7% in the 2nd quarter. Rhumbline Advisers now owns 211,473 shares of the specialty chemicals company’s stock valued at $2,681,000 after buying an additional 33,302 shares in the last quarter. 93.88% of the stock is currently owned by hedge funds and other institutional investors.

Platform Specialty Products Corporation (NYSE:PAH) opened at 11.55 on Wednesday. The stock’s market capitalization is $3.31 billion. The firm has a 50-day moving average of $11.46 and a 200-day moving average of $12.67. Platform Specialty Products Corporation has a 1-year low of $6.85 and a 1-year high of $14.82.

Platform Specialty Products Corporation (NYSE:PAH) last released its quarterly earnings results on Wednesday, August 9th. The specialty chemicals company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. The business had revenue of $941.10 million for the quarter, compared to analyst estimates of $933.32 million. Platform Specialty Products Corporation had a negative net margin of 0.26% and a positive return on equity of 7.15%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.16 earnings per share. Equities research analysts anticipate that Platform Specialty Products Corporation will post $0.80 EPS for the current year.

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PAH has been the topic of a number of research reports. SunTrust Banks, Inc. raised shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating and raised their price target for the company from $13.00 to $15.00 in a research note on Monday, September 18th. ValuEngine raised shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research lowered shares of Platform Specialty Products Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Instinet decreased their price target on shares of Platform Specialty Products Corporation to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, June 13th. Finally, UBS AG reaffirmed a “buy” rating and issued a $17.00 price target (up from $16.00) on shares of Platform Specialty Products Corporation in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $13.44.

In other Platform Specialty Products Corporation news, EVP John Edward Capps purchased 2,500 shares of the stock in a transaction dated Friday, August 25th. The shares were acquired at an average cost of $10.77 per share, for a total transaction of $26,925.00. Following the completion of the transaction, the executive vice president now directly owns 2,500 shares of the company’s stock, valued at $26,925. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Rakesh Sachdev purchased 11,000 shares of the stock in a transaction dated Friday, August 25th. The stock was acquired at an average price of $11.06 per share, for a total transaction of $121,660.00. Following the completion of the transaction, the chief executive officer now directly owns 11,000 shares of the company’s stock, valued at $121,660. The disclosure for this purchase can be found here. Insiders bought 60,500 shares of company stock worth $664,865 over the last quarter. Company insiders own 6.00% of the company’s stock.

Platform Specialty Products Corporation Company Profile

Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. It operates through two segments, Performance Solutions and Agricultural Solutions. The Performance Solutions segment offers plating products that are used to plate holes; electroless nickel products, which are applied to various metal and plastic surfaces; electronic assembly materials for use in the electronic market and residential boiler systems; final finishes that are used on printed circuit boards; circuit formation products for surface preparation; oxides, which are used in the fabrication of multilayer circuit boards; semiconductor materials and packaging products; and pre-treatment and cleaning solutions.

Institutional Ownership by Quarter for Platform Specialty Products Corporation (NYSE:PAH)

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