TIAA CREF Investment Management LLC boosted its position in shares of Platform Specialty Products Corporation (NYSE:PAH) by 55.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 870,925 shares of the specialty chemicals company’s stock after buying an additional 309,111 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.30% of Platform Specialty Products Corporation worth $11,043,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PAH. Nationwide Fund Advisors acquired a new stake in Platform Specialty Products Corporation during the first quarter valued at $491,000. ProShare Advisors LLC grew its position in Platform Specialty Products Corporation by 2.8% during the first quarter. ProShare Advisors LLC now owns 16,403 shares of the specialty chemicals company’s stock valued at $214,000 after buying an additional 448 shares during the period. Great West Life Assurance Co. Can grew its position in Platform Specialty Products Corporation by 40.9% during the first quarter. Great West Life Assurance Co. Can now owns 23,429 shares of the specialty chemicals company’s stock valued at $305,000 after buying an additional 6,800 shares during the period. Bank of New York Mellon Corp grew its position in Platform Specialty Products Corporation by 10.8% during the first quarter. Bank of New York Mellon Corp now owns 666,587 shares of the specialty chemicals company’s stock valued at $8,680,000 after buying an additional 64,707 shares during the period. Finally, Swiss National Bank grew its position in Platform Specialty Products Corporation by 2.6% during the first quarter. Swiss National Bank now owns 321,189 shares of the specialty chemicals company’s stock valued at $4,182,000 after buying an additional 8,200 shares during the period. Institutional investors own 93.88% of the company’s stock.

In related news, Director Ian G. H. Ashken purchased 45,000 shares of the stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average cost of $10.98 per share, with a total value of $494,100.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rakesh Sachdev purchased 11,000 shares of the stock in a transaction dated Friday, August 25th. The shares were bought at an average cost of $11.06 per share, for a total transaction of $121,660.00. Following the completion of the purchase, the chief executive officer now owns 11,000 shares in the company, valued at $121,660. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 60,500 shares of company stock worth $664,865. Corporate insiders own 6.00% of the company’s stock.

Several analysts recently commented on the stock. BidaskClub lowered shares of Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research upgraded shares of Platform Specialty Products Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. UBS AG reiterated a “buy” rating and issued a $17.00 target price (up previously from $16.00) on shares of Platform Specialty Products Corporation in a research report on Thursday, August 10th. ValuEngine upgraded shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Instinet dropped their target price on shares of Platform Specialty Products Corporation to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $13.10.

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Shares of Platform Specialty Products Corporation (PAH) opened at 11.50 on Thursday. The stock has a 50 day moving average of $11.54 and a 200 day moving average of $12.70. Platform Specialty Products Corporation has a 12 month low of $6.85 and a 12 month high of $14.82. The firm’s market cap is $3.30 billion.

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

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.

Institutional Ownership by Quarter for Platform Specialty Products Corporation (NYSE:PAH)

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