Dimensional Fund Advisors LP Decreases Stock Holdings in Kraton Co. (NYSE:KRA)

Dimensional Fund Advisors LP trimmed its holdings in Kraton Co. (NYSE:KRA) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,423,389 shares of the specialty chemicals company’s stock after selling 115,165 shares during the quarter. Dimensional Fund Advisors LP owned about 0.08% of Kraton worth $78,250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Rubric Capital Management LP raised its position in shares of Kraton by 118.0% during the 1st quarter. Rubric Capital Management LP now owns 1,500,000 shares of the specialty chemicals company’s stock valued at $54,885,000 after buying an additional 811,996 shares during the period. Geode Capital Management LLC raised its position in shares of Kraton by 10.2% during the 1st quarter. Geode Capital Management LLC now owns 514,610 shares of the specialty chemicals company’s stock valued at $18,829,000 after buying an additional 47,837 shares during the period. Deutsche Bank AG raised its position in shares of Kraton by 141.3% during the 2nd quarter. Deutsche Bank AG now owns 504,069 shares of the specialty chemicals company’s stock valued at $16,276,000 after buying an additional 295,175 shares during the period. Bank of New York Mellon Corp increased its holdings in Kraton by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 320,052 shares of the specialty chemicals company’s stock valued at $11,712,000 after purchasing an additional 3,408 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Kraton by 1.5% in the 2nd quarter. Principal Financial Group Inc. now owns 222,387 shares of the specialty chemicals company’s stock valued at $7,181,000 after purchasing an additional 3,320 shares during the last quarter. 92.31% of the stock is currently owned by institutional investors and hedge funds.

NYSE:KRA opened at $45.55 on Thursday. The company has a fifty day simple moving average of $42.03 and a two-hundred day simple moving average of $37.97. The company has a market cap of $1.46 billion, a price-to-earnings ratio of -4.06 and a beta of 2.44. The company has a quick ratio of 0.73, a current ratio of 1.57 and a debt-to-equity ratio of 1.15. Kraton Co. has a 52 week low of $23.71 and a 52 week high of $46.25.

Kraton (NYSE:KRA) last released its quarterly earnings data on Wednesday, July 28th. The specialty chemicals company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.17). The firm had revenue of $493.62 million for the quarter, compared to analysts’ expectations of $432.20 million. Kraton had a positive return on equity of 7.08% and a negative net margin of 20.81%. On average, analysts expect that Kraton Co. will post 2.33 EPS for the current year.

Several analysts recently weighed in on the stock. Loop Capital downgraded shares of Kraton from a “buy” rating to a “hold” rating and set a $46.50 target price for the company. in a report on Tuesday, September 28th. UBS Group upgraded shares of Kraton from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $34.00 to $46.50 in a research note on Thursday, September 30th. Finally, Zacks Investment Research downgraded shares of Kraton from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 6th.

Kraton Company Profile

Kraton Corp. engages in the manufacture and marketing of styrenic block copolymers, specialty polymers, and other products primarily derived from pine wood pulping co-products. It operates through the Polymer and Chemical segment. The Polymer segment includes styrenic block copolymers and other engineered polymers business.

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Institutional Ownership by Quarter for Kraton (NYSE:KRA)

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