California Public Employees Retirement System raised its stake in Platform Specialty Products Corporation (NYSE:PAH) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 445,400 shares of the specialty chemicals company’s stock after purchasing an additional 6,500 shares during the period. California Public Employees Retirement System owned 0.16% of Platform Specialty Products worth $4,966,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. FMR LLC boosted its position in shares of Platform Specialty Products by 12.7% in the second quarter. FMR LLC now owns 22,055,440 shares of the specialty chemicals company’s stock valued at $279,663,000 after acquiring an additional 2,483,623 shares during the period. Janus Henderson Group PLC bought a new stake in shares of Platform Specialty Products in the second quarter valued at about $31,220,000. Glenview Capital Management LLC boosted its position in shares of Platform Specialty Products by 17.9% in the second quarter. Glenview Capital Management LLC now owns 13,203,633 shares of the specialty chemicals company’s stock valued at $167,422,000 after acquiring an additional 2,000,000 shares during the period. AXA bought a new stake in shares of Platform Specialty Products in the second quarter valued at about $22,303,000. Finally, Capital World Investors boosted its position in shares of Platform Specialty Products by 13.1% in the second quarter. Capital World Investors now owns 12,080,829 shares of the specialty chemicals company’s stock valued at $153,185,000 after acquiring an additional 1,398,319 shares during the period. Hedge funds and other institutional investors own 93.53% of the company’s stock.

In other news, insider Diego Lopez Casanello acquired 4,000 shares of the stock in a transaction dated Tuesday, December 19th. The stock was bought at an average price of $9.91 per share, with a total value of $39,640.00. Following the completion of the purchase, the insider now directly owns 15,000 shares of the company’s stock, valued at approximately $148,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Martin E. Franklin acquired 164,467 shares of the stock in a transaction dated Thursday, December 14th. The stock was purchased at an average cost of $9.57 per share, with a total value of $1,573,949.19. The disclosure for this purchase can be found here. Insiders bought 669,467 shares of company stock valued at $6,453,139 in the last three months. Company insiders own 5.20% of the company’s stock.

Platform Specialty Products Corporation (NYSE:PAH) opened at $10.56 on Monday. The company has a market cap of $3,031.74, a PE ratio of -19.92, a PEG ratio of 0.92 and a beta of 3.19. The company has a quick ratio of 1.55, a current ratio of 2.05 and a debt-to-equity ratio of 1.77. Platform Specialty Products Corporation has a fifty-two week low of $9.11 and a fifty-two week high of $14.82.

Platform Specialty Products (NYSE:PAH) last posted its earnings results on Thursday, November 2nd. The specialty chemicals company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $904.30 million during the quarter, compared to the consensus estimate of $912.19 million. Platform Specialty Products had a positive return on equity of 7.45% and a negative net margin of 4.12%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company posted $0.14 EPS. equities research analysts forecast that Platform Specialty Products Corporation will post 0.77 EPS for the current fiscal year.

A number of brokerages have recently issued reports on PAH. Zacks Investment Research raised shares of Platform Specialty Products from a “sell” rating to a “hold” rating in a research report on Thursday. ValuEngine cut shares of Platform Specialty Products from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Credit Suisse Group initiated coverage on shares of Platform Specialty Products in a research report on Wednesday, November 15th. They issued a “neutral” rating and a $12.00 target price for the company. SunTrust Banks reaffirmed a “buy” rating and set a $15.00 price objective on shares of Platform Specialty Products in a research report on Friday, November 3rd. Finally, Barclays cut their price objective on shares of Platform Specialty Products from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $13.50.

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Platform Specialty Products 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 (NYSE:PAH)

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