Dimensional Fund Advisors LP boosted its holdings in shares of Kraton Corp (NYSE:KRA) by 0.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,631,627 shares of the specialty chemicals company’s stock after buying an additional 13,374 shares during the quarter. Dimensional Fund Advisors LP owned 8.41% of Kraton worth $106,419,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of KRA. US Bancorp DE raised its position in Kraton by 0.6% during the 2nd quarter. US Bancorp DE now owns 3,827 shares of the specialty chemicals company’s stock worth $132,000 after buying an additional 21 shares during the last quarter. SG Americas Securities LLC purchased a new position in Kraton during the 3rd quarter worth approximately $169,000. LS Investment Advisors LLC raised its position in Kraton by 31.4% during the 3rd quarter. LS Investment Advisors LLC now owns 5,369 shares of the specialty chemicals company’s stock worth $217,000 after buying an additional 1,282 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new position in Kraton during the 2nd quarter worth approximately $220,000. Finally, 361 Capital LLC purchased a new position in Kraton during the 3rd quarter worth approximately $223,000. 97.46% of the stock is owned by institutional investors.
In other Kraton news, Director Barry J. Goldstein sold 16,651 shares of Kraton stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $49.15, for a total transaction of $818,396.65. Following the sale, 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 SEC, which is available at the SEC website. Also, insider Stephen E. Tremblay sold 49,623 shares of Kraton stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $48.02, for a total transaction of $2,382,896.46. Following the sale, the insider now directly owns 83,930 shares in the company, valued at approximately $4,030,318.60. The disclosure for this sale can be found here. Insiders sold a total of 218,614 shares of company stock worth $10,434,139 in the last three months. 4.71% of the stock is owned by corporate insiders.
Kraton (NYSE:KRA) last released its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.57. Kraton had a net margin of 1.27% and a return on equity of 14.19%. The firm had revenue of $510.90 million for the quarter, compared to analysts’ expectations of $481.77 million. During the same quarter last year, the company earned $0.63 EPS. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. sell-side analysts anticipate that Kraton Corp will post 2.96 earnings per share for the current year.
A number of equities analysts have issued reports on KRA shares. ValuEngine raised shares of Kraton from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. SunTrust Banks reissued a “buy” rating and set a $55.00 price target (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. BidaskClub raised shares of Kraton from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. KeyCorp reissued a “hold” rating on shares of Kraton in a research report on Friday, September 1st. Finally, TheStreet lowered shares of Kraton from a “b-” rating to a “c” rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.50.
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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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