Rhumbline Advisers Has $2.52 Million Holdings in Kraton Corporation (KRA)
Rhumbline Advisers boosted its position in shares of Kraton Corporation (NYSE:KRA) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,363 shares of the specialty chemicals company’s stock after acquiring an additional 1,260 shares during the period. Rhumbline Advisers owned about 0.20% of Kraton worth $2,522,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. US Bancorp DE boosted its holdings in shares of Kraton by 0.6% in the 2nd quarter. US Bancorp DE now owns 3,827 shares of the specialty chemicals company’s stock valued at $132,000 after buying an additional 21 shares in the last quarter. LS Investment Advisors LLC raised its position in Kraton by 31.4% in 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 last quarter. Nine Chapters Capital Management LLC purchased a new stake in Kraton in the 3rd quarter valued at $243,000. UBS Asset Management Americas Inc. purchased a new stake in Kraton in the 2nd quarter valued at $220,000. Finally, Aperio Group LLC purchased a new stake in Kraton in the 2nd quarter valued at $226,000. Institutional investors own 97.50% of the company’s stock.
Shares of Kraton Corporation (NYSE:KRA) traded down $0.11 during trading on Monday, reaching $46.37. 137,000 shares of the company’s stock were exchanged, compared to its average volume of 317,098. The stock has a market cap of $1,451.20, a P/E ratio of 18.77 and a beta of 1.19. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.19 and a current ratio of 2.27. Kraton Corporation has a 52 week low of $25.09 and a 52 week high of $51.23.
Kraton (NYSE:KRA) last announced its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $1.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.57. The company had revenue of $510.90 million during the quarter, compared to the consensus estimate of $481.77 million. Kraton had a net margin of 1.27% and a return on equity of 14.19%. Kraton’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 EPS. equities analysts anticipate that Kraton Corporation will post 2.96 EPS for the current year.
Several research firms recently commented on KRA. ValuEngine upgraded shares of Kraton from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. KeyCorp reiterated a “hold” rating on shares of Kraton in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Kraton from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Tuesday, October 17th. SunTrust Banks restated a “buy” rating and set a $55.00 price objective (up previously from $45.00) on shares of Kraton in a research report on Wednesday, October 11th. They noted that the move was a valuation call. Finally, BidaskClub upgraded shares of Kraton from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. 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 company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $51.50.
In other news, SVP Holger R. Jung sold 21,202 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $39.64, for a total value of $840,447.28. Following the completion of the transaction, the senior vice president now owns 48,819 shares in the company, valued at approximately $1,935,185.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen E. Tremblay sold 49,623 shares of the stock in a transaction dated Tuesday, October 31st. The shares were 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 of the company’s stock, valued at approximately $4,030,318.60. The disclosure for this sale can be found here. Insiders sold a total of 218,614 shares of company stock valued at $10,434,139 in the last quarter. Insiders own 4.71% of the company’s stock.
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Kraton Company 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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