Kraton Corp (NYSE:KRA) insider Kevin Michael Fogarty sold 1,042 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $50.00, for a total transaction of $52,100.00. Following the transaction, the insider now directly owns 197,731 shares in the company, valued at $9,886,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Kevin Michael Fogarty also recently made the following trade(s):
- On Wednesday, November 1st, Kevin Michael Fogarty sold 81,430 shares of Kraton stock. The shares were sold at an average price of $49.09, for a total transaction of $3,997,398.70.
Kraton Corp (NYSE KRA) traded up $0.90 during mid-day trading on Thursday, reaching $49.64. 212,689 shares of the company’s stock traded hands, compared to its average volume of 313,945. The company has a current ratio of 2.27, a quick ratio of 1.19 and a debt-to-equity ratio of 2.85. Kraton Corp has a 52-week low of $25.09 and a 52-week high of $51.23. The company has a market cap of $1,513.48, a price-to-earnings ratio of 19.58 and a beta of 1.19.
Several equities analysts have commented on KRA shares. ValuEngine raised shares of Kraton from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. SunTrust Banks reissued a “buy” rating and issued a $55.00 target price (up from $45.00) on shares of Kraton in a 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 report on Friday, August 25th. KeyCorp reissued a “hold” rating on shares of Kraton in a report on Friday, September 1st. Finally, TheStreet lowered shares of Kraton from a “b-” rating to a “c” rating in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Kraton presently has an average rating of “Hold” and a consensus price target of $51.50.
Several institutional investors have recently made changes to their positions in the stock. Rubric Capital Management LP grew its holdings in shares of Kraton by 509.1% during the 3rd quarter. Rubric Capital Management LP now owns 607,952 shares of the specialty chemicals company’s stock valued at $24,586,000 after purchasing an additional 508,140 shares during the last quarter. Algert Global LLC bought a new stake in shares of Kraton during the 3rd quarter valued at approximately $495,000. Uniplan Investment Counsel Inc. grew its holdings in shares of Kraton by 45.8% during the 3rd quarter. Uniplan Investment Counsel Inc. now owns 237,590 shares of the specialty chemicals company’s stock valued at $9,608,000 after purchasing an additional 74,590 shares during the last quarter. Magnetar Financial LLC bought a new stake in shares of Kraton during the 3rd quarter valued at approximately $232,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Kraton by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,631,627 shares of the specialty chemicals company’s stock valued at $106,419,000 after purchasing an additional 13,374 shares during the last quarter. 97.46% of the stock is currently owned by institutional investors.
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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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