Vanguard Group Inc. raised its position in shares of Platform Specialty Products Corporation (NYSE:PAH) by 4.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,082,464 shares of the specialty chemicals company’s stock after buying an additional 711,500 shares during the quarter. Vanguard Group Inc. owned 5.62% of Platform Specialty Products Corporation worth $203,926,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Public Employees Retirement Association of Colorado lifted its stake in Platform Specialty Products Corporation by 1.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 43,242 shares of the specialty chemicals company’s stock valued at $548,000 after buying an additional 779 shares in the last quarter. Amalgamated Bank lifted its stake in Platform Specialty Products Corporation by 2.9% during the first quarter. Amalgamated Bank now owns 27,979 shares of the specialty chemicals company’s stock valued at $364,000 after buying an additional 787 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Platform Specialty Products Corporation by 1.4% during the first quarter. Public Employees Retirement System of Ohio now owns 83,932 shares of the specialty chemicals company’s stock valued at $1,093,000 after buying an additional 1,197 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Platform Specialty Products Corporation by 19.8% during the second quarter. Teacher Retirement System of Texas now owns 18,016 shares of the specialty chemicals company’s stock valued at $228,000 after buying an additional 2,975 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Platform Specialty Products Corporation by 2.9% in the second quarter. Alliancebernstein L.P. now owns 111,450 shares of the specialty chemicals company’s stock worth $1,413,000 after purchasing an additional 3,145 shares in the last quarter. 93.88% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on PAH shares. SunTrust Banks, Inc. raised shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating and increased their price target for the stock from $13.00 to $15.00 in a research report on Monday, September 18th. Zacks Investment Research lowered shares of Platform Specialty Products Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Barclays PLC reduced their price target on shares of Platform Specialty Products Corporation from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 11th. UBS AG reissued a “buy” rating and issued a $17.00 price target (up from $16.00) on shares of Platform Specialty Products Corporation in a research report on Thursday, August 10th. Finally, BidaskClub lowered shares of Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $13.50.

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In related news, CEO Rakesh Sachdev acquired 11,000 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were bought at an average price of $11.06 per share, for a total transaction of $121,660.00. Following the purchase, the chief executive officer now directly owns 11,000 shares in the company, valued at approximately $121,660. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John Edward Capps acquired 2,500 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were bought at an average price of $10.77 per share, for a total transaction of $26,925.00. Following the purchase, the executive vice president now owns 2,500 shares in the company, valued at $26,925. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 60,500 shares of company stock worth $664,865. Company insiders own 6.00% of the company’s stock.

Platform Specialty Products Corporation (NYSE PAH) opened at 11.36 on Tuesday. Platform Specialty Products Corporation has a 12-month low of $7.11 and a 12-month high of $14.82. The company has a 50-day moving average price of $11.46 and a 200-day moving average price of $12.65. The firm’s market cap is $3.26 billion.

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 the Thomson Reuters’ consensus estimate 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 business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 EPS. On average, analysts predict that Platform Specialty Products Corporation will post $0.80 earnings per share for the current 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.

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

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