Kraton Corp (KRA) Insider Kevin Michael Fogarty Sells 1,042 Shares of Stock

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.

Kraton (NYSE:KRA) last released its earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $481.77 million. During the same period last year, the firm earned $0.63 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. equities research analysts forecast that Kraton Corp will post 2.96 EPS for the current fiscal year.

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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About Kraton

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.

Insider Buying and Selling by Quarter for Kraton (NYSE:KRA)

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