Gotham Asset Management LLC raised its holdings in shares of Kraton Corp (NYSE:KRA) by 4.3% during the 4th quarter, HoldingsChannel reports. The fund owned 95,711 shares of the specialty chemicals company’s stock after purchasing an additional 3,948 shares during the period. Gotham Asset Management LLC’s holdings in Kraton were worth $2,090,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Texas Permanent School Fund grew its stake in Kraton by 4.2% during the 4th quarter. Texas Permanent School Fund now owns 20,912 shares of the specialty chemicals company’s stock valued at $457,000 after acquiring an additional 849 shares in the last quarter. Teachers Advisors LLC grew its stake in Kraton by 2.1% during the 3rd quarter. Teachers Advisors LLC now owns 58,367 shares of the specialty chemicals company’s stock valued at $2,752,000 after acquiring an additional 1,199 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Kraton by 413.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,360 shares of the specialty chemicals company’s stock valued at $52,000 after acquiring an additional 1,900 shares in the last quarter. Arizona State Retirement System grew its stake in Kraton by 6.4% during the 4th quarter. Arizona State Retirement System now owns 49,213 shares of the specialty chemicals company’s stock valued at $1,075,000 after acquiring an additional 2,958 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in Kraton by 30.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 13,226 shares of the specialty chemicals company’s stock valued at $289,000 after acquiring an additional 3,060 shares in the last quarter. 96.80% of the stock is currently owned by institutional investors.

Shares of NYSE KRA opened at $31.11 on Thursday. The company has a market capitalization of $982.29 million, a P/E ratio of 9.84 and a beta of 2.11. Kraton Corp has a 52 week low of $19.13 and a 52 week high of $53.99. The company has a debt-to-equity ratio of 1.99, a current ratio of 2.19 and a quick ratio of 0.93.

Kraton (NYSE:KRA) last announced its quarterly earnings results on Wednesday, February 27th. The specialty chemicals company reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.01). The firm had revenue of $447.78 million during the quarter, compared to the consensus estimate of $476.29 million. Kraton had a net margin of 3.33% and a return on equity of 14.25%. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 EPS. As a group, equities analysts forecast that Kraton Corp will post 3.95 earnings per share for the current year.

Several brokerages recently commented on KRA. Zacks Investment Research cut Kraton from a “hold” rating to a “sell” rating in a research note on Friday, February 22nd. JPMorgan Chase & Co. began coverage on Kraton in a research note on Tuesday, February 19th. They issued a “reduce” rating for the company. Stifel Nicolaus began coverage on Kraton in a research note on Monday, December 10th. They issued a “hold” rating and a $22.00 price target for the company. TheStreet raised Kraton from a “c” rating to a “b-” rating in a research note on Wednesday, February 20th. Finally, ValuEngine cut Kraton from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.00.

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Kraton Profile

Kraton Corporation manufactures and sells styrenic block copolymers and other engineered polymers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Polymer and Chemical. The Polymer segment offers performance products, including styrene-butadiene-styrene and styrene-isoprene-styrene; and specialty polymers, such as hydrogenated styrenic block copolymers, as well as isoprene rubber and isoprene rubber latex for use in medical and personal care products, adhesives, tackifiers, paints, and coatings.

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Institutional Ownership by Quarter for Kraton (NYSE:KRA)

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