Kraton Corporation (KRA) Shares Bought by Foundry Partners LLC
Foundry Partners LLC boosted its position in Kraton Corporation (NYSE:KRA) by 37.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 230,186 shares of the specialty chemicals company’s stock after purchasing an additional 62,115 shares during the period. Foundry Partners LLC owned approximately 0.74% of Kraton Corporation worth $9,309,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE lifted its position in shares of Kraton Corporation by 0.6% during the 2nd quarter. US Bancorp DE now owns 3,827 shares of the specialty chemicals company’s stock valued at $132,000 after acquiring an additional 21 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Kraton Corporation by 80.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,152 shares of the specialty chemicals company’s stock valued at $211,000 after purchasing an additional 2,742 shares during the period. LS Investment Advisors LLC raised its stake in Kraton Corporation by 31.4% during the 3rd quarter. LS Investment Advisors LLC now owns 5,369 shares of the specialty chemicals company’s stock valued at $217,000 after purchasing an additional 1,282 shares during the period. UBS Asset Management Americas Inc. acquired a new stake in Kraton Corporation during the 2nd quarter valued at $220,000. Finally, Aperio Group LLC acquired a new stake in Kraton Corporation during the 2nd quarter valued at $226,000. Hedge funds and other institutional investors own 97.35% of the company’s stock.
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Kraton Corporation (NYSE KRA) traded up $0.55 during mid-day trading on Friday, reaching $49.89. 352,567 shares of the company’s stock were exchanged, compared to its average volume of 369,270. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.27 and a quick ratio of 1.19. The company has a market capitalization of $1.54 billion, a P/E ratio of 19.98 and a beta of 1.21.
Kraton Corporation (NYSE:KRA) last released its earnings results 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 the consensus estimate of $481.77 million. Kraton Corporation had a net margin of 1.27% and a return on equity of 14.19%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 EPS. research analysts predict that Kraton Corporation will post 2.96 earnings per share for the current year.
KRA has been the topic of several recent analyst reports. BidaskClub raised shares of Kraton Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of Kraton Corporation from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Tuesday, October 17th. 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. UBS Group AG (USA) assumed coverage on shares of Kraton Corporation in a research note on Friday, September 29th. They issued a “buy” rating and a $65.00 price target on the stock. Finally, Loop Capital assumed coverage on shares of Kraton Corporation in a research note on Thursday, September 28th. They issued a “buy” rating and a $65.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $51.50.
In related news, CEO Kevin Michael Fogarty sold 81,430 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $49.09, for a total value of $3,997,398.70. Following the transaction, the chief executive officer now owns 278,119 shares in the company, valued at approximately $13,652,861.71. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephen E. Tremblay sold 49,623 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $48.02, for a total transaction of $2,382,896.46. Following the completion of the transaction, the insider now owns 83,930 shares in the company, valued at approximately $4,030,318.60. The disclosure for this sale can be found here. Insiders sold a total of 201,963 shares of company stock worth $9,615,742 over the last ninety days. Insiders own 5.01% of the company’s stock.
Kraton Corporation Profile
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.
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