Bank of New York Mellon Corp grew its holdings in Kraton Corp (NYSE:KRA) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 480,602 shares of the specialty chemicals company’s stock after purchasing an additional 17,698 shares during the period. Bank of New York Mellon Corp owned approximately 1.50% of Kraton worth $10,495,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in Kraton by 413.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,360 shares of the specialty chemicals company’s stock worth $52,000 after acquiring an additional 1,900 shares during the period. Csenge Advisory Group purchased a new stake in shares of Kraton in the third quarter worth approximately $109,000. Wedge Capital Management L L P NC lifted its position in shares of Kraton by 71.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 9,407 shares of the specialty chemicals company’s stock worth $205,000 after purchasing an additional 3,932 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Kraton during the third quarter worth approximately $218,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Kraton during the fourth quarter worth approximately $236,000. 96.80% of the stock is owned by institutional investors and hedge funds.
Shares of Kraton stock opened at $34.90 on Friday. The stock has a market cap of $1.11 billion, a PE ratio of 11.04 and a beta of 2.09. The company has a debt-to-equity ratio of 1.99, a current ratio of 2.19 and a quick ratio of 0.93. Kraton Corp has a 52-week low of $19.13 and a 52-week high of $53.99.
Kraton (NYSE:KRA) last released its quarterly earnings data on Wednesday, February 27th. The specialty chemicals company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). The firm had revenue of $447.78 million during the quarter, compared to analyst estimates of $476.29 million. Kraton had a return on equity of 14.25% and a net margin of 3.33%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.67 EPS. Equities analysts expect that Kraton Corp will post 3.95 earnings per share for the current fiscal year.
Several research analysts have weighed in on KRA shares. ValuEngine upgraded shares of Kraton from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 19th. SunTrust Banks lifted their target price on shares of Kraton to $39.00 and gave the company a “hold” rating in a research note on Friday, March 1st. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Kraton from a “strong sell” rating to a “hold” rating in a report on Saturday, December 29th. Stifel Nicolaus started coverage on shares of Kraton in a research note on Monday, December 10th. They issued a “hold” rating and a $22.00 price target on the stock. Finally, TheStreet upgraded Kraton from a “c” rating to a “b-” rating in a report on Wednesday, February 20th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $44.00.
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Kraton Corporation manufactures and sells styrenic block copolymers and other engineered polymers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Polymer and Chemical. The Polymer segment offers performance products, including styrene-butadiene-styrene and styrene-isoprene-styrene; and specialty polymers, such as hydrogenated styrenic block copolymers, as well as isoprene rubber and isoprene rubber latex for use in medical and personal care products, adhesives, tackifiers, paints, and coatings.
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