Kraton Corporation (NYSE:KRA) insider Stephen E. Tremblay sold 49,623 shares of Kraton Corporation stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $48.02, for a total value of $2,382,896.46. Following the completion of the transaction, the insider now directly owns 83,930 shares in the company, valued at $4,030,318.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Kraton Corporation (NYSE KRA) opened at $49.89 on Friday. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 19.98 and a beta of 1.21. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.27 and a quick ratio of 1.19.

Kraton Corporation (NYSE:KRA) last issued its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.57. The firm had revenue of $510.90 million for the quarter, compared to analyst estimates of $481.77 million. Kraton Corporation had a return on equity of 14.19% and a net margin of 1.27%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.63 EPS. equities analysts expect that Kraton Corporation will post 2.96 EPS for the current year.

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KRA has been the topic of a number of analyst reports. ValuEngine raised Kraton Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. BidaskClub raised Kraton Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised Kraton Corporation from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, August 1st. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $55.00 price target (up from $45.00) on shares of Kraton Corporation in a research note on Wednesday, October 11th. They noted that the move was a valuation call. Finally, KeyCorp reaffirmed a “hold” rating on shares of Kraton Corporation in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $51.50.

Several hedge funds have recently modified their holdings of the company. US Bancorp DE grew its position in shares of Kraton Corporation by 0.6% in 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. Alps Advisors Inc. grew its position in shares of Kraton Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 17,059 shares of the specialty chemicals company’s stock worth $588,000 after buying an additional 44 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Kraton Corporation by 0.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the specialty chemicals company’s stock worth $437,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System grew its position in shares of Kraton Corporation by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 16,206 shares of the specialty chemicals company’s stock worth $558,000 after buying an additional 100 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Kraton Corporation by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,046 shares of the specialty chemicals company’s stock worth $794,000 after buying an additional 286 shares during the last quarter. Hedge funds and other institutional investors own 97.35% of the company’s stock.

About Kraton Corporation

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 Corporation (NYSE:KRA)

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