Thrivent Financial For Lutherans boosted its position in Kraton Corporation (NYSE:KRA) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,430 shares of the specialty chemicals company’s stock after buying an additional 510 shares during the period. Thrivent Financial For Lutherans owned about 0.06% of Kraton Corporation worth $539,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in shares of Kraton Corporation by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 3,410 shares of the specialty chemicals company’s stock worth $105,000 after buying an additional 70 shares during the period. US Bancorp DE raised its stake in shares of Kraton Corporation by 99.0% in the first quarter. US Bancorp DE now owns 3,806 shares of the specialty chemicals company’s stock worth $118,000 after buying an additional 1,893 shares during the period. LS Investment Advisors LLC raised its stake in shares of Kraton Corporation by 279.4% in the first quarter. LS Investment Advisors LLC now owns 4,128 shares of the specialty chemicals company’s stock worth $128,000 after buying an additional 3,040 shares during the period. Mason Street Advisors LLC raised its stake in shares of Kraton Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 7,229 shares of the specialty chemicals company’s stock worth $224,000 after buying an additional 473 shares during the period. Finally, Airain ltd bought a new stake in shares of Kraton Corporation during the first quarter worth about $228,000. 97.54% of the stock is currently owned by institutional investors.
Kraton Corporation (NYSE KRA) opened at 36.95 on Friday. Kraton Corporation has a 12-month low of $24.95 and a 12-month high of $37.50. The firm has a 50-day moving average price of $33.64 and a 200 day moving average price of $31.01. The firm has a market cap of $1.15 billion, a PE ratio of 45.12 and a beta of 1.22.
Kraton Corporation (NYSE:KRA) last announced its quarterly earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.24. The business had revenue of $525.30 million for the quarter, compared to analyst estimates of $506.58 million. Kraton Corporation had a net margin of 2.36% and a return on equity of 9.52%. The company’s revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. Equities research analysts forecast that Kraton Corporation will post $2.11 EPS for the current year.
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A number of brokerages have recently weighed in on KRA. UBS AG reiterated a “sell” rating and set a $27.00 price target (up previously from $26.00) on shares of Kraton Corporation in a research note on Sunday, June 25th. BidaskClub upgraded Kraton Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research downgraded Kraton Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, TheStreet upgraded Kraton Corporation from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th.
About Kraton Corporation
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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