Platform Specialty Products Corporation (NYSE:PAH) CEO Rakesh Sachdev purchased 11,000 shares of Platform Specialty Products Corporation stock in a transaction dated Friday, August 25th. The shares were purchased at an average price of $11.06 per share, for a total transaction of $121,660.00. Following the completion of the acquisition, the chief executive officer now owns 11,000 shares of the company’s stock, valued at approximately $121,660. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Platform Specialty Products Corporation (NYSE PAH) opened at 11.00 on Wednesday. The company’s market capitalization is $3.15 billion. The company has a 50-day moving average price of $13.01 and a 200 day moving average price of $13.01. Platform Specialty Products Corporation has a one year low of $6.85 and a one year high of $14.82.

Platform Specialty Products Corporation (NYSE:PAH) last released its earnings results on Wednesday, August 9th. The specialty chemicals company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $941.10 million for the quarter, compared to analysts’ expectations of $933.32 million. Platform Specialty Products Corporation had a positive return on equity of 7.15% and a negative net margin of 0.26%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Equities analysts anticipate that Platform Specialty Products Corporation will post $0.80 EPS for the current year.

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PAH has been the topic of several research reports. ValuEngine upgraded Platform Specialty Products Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Instinet reduced their price target on Platform Specialty Products Corporation to $14.00 and set a “buy” rating on the stock in a report on Tuesday, June 13th. Zacks Investment Research upgraded Platform Specialty Products Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, May 10th. Nomura restated a “buy” rating and set a $16.00 price target on shares of Platform Specialty Products Corporation in a report on Tuesday, May 9th. Finally, UBS AG restated a “buy” rating and set a $17.00 price target (up from $16.00) on shares of Platform Specialty Products Corporation in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Platform Specialty Products Corporation currently has a consensus rating of “Buy” and an average price target of $13.10.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. boosted its position in Platform Specialty Products Corporation by 30.0% in the first quarter. UBS Asset Management Americas Inc. now owns 153,498 shares of the specialty chemicals company’s stock worth $1,999,000 after buying an additional 35,441 shares in the last quarter. Swiss National Bank boosted its position in Platform Specialty Products Corporation by 2.6% in the first quarter. Swiss National Bank now owns 321,189 shares of the specialty chemicals company’s stock worth $4,182,000 after buying an additional 8,200 shares in the last quarter. Gargoyle Investment Advisor L.L.C. acquired a new position in Platform Specialty Products Corporation during the first quarter worth approximately $351,000. Bank of New York Mellon Corp boosted its position in Platform Specialty Products Corporation by 10.8% in the first quarter. Bank of New York Mellon Corp now owns 666,587 shares of the specialty chemicals company’s stock worth $8,680,000 after buying an additional 64,707 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Platform Specialty Products Corporation by 590.4% in the first quarter. First Trust Advisors LP now owns 368,964 shares of the specialty chemicals company’s stock worth $4,804,000 after buying an additional 315,519 shares in the last quarter. 93.77% of the stock is currently owned by hedge funds and other institutional investors.

Platform Specialty Products Corporation 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.

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