Bank of Montreal Can boosted its position in shares of Kraton Corporation (NYSE:KRA) by 8,334.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 93,622 shares of the specialty chemicals company’s stock after buying an additional 92,512 shares during the period. Bank of Montreal Can owned approximately 0.30% of Kraton Corporation worth $3,225,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of KRA. State of Alaska Department of Revenue boosted 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 last quarter. US Bancorp DE boosted 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 last quarter. LS Investment Advisors LLC boosted 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 last quarter. Mason Street Advisors LLC boosted 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 last quarter. Finally, Airain ltd purchased 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.
Shares of Kraton Corporation (NYSE:KRA) traded up 1.01% on Friday, hitting $33.91. 176,073 shares of the company’s stock were exchanged. The firm has a market cap of $1.06 billion, a P/E ratio of 24.34 and a beta of 1.23. The stock’s 50 day moving average is $34.99 and its 200 day moving average is $31.76. Kraton Corporation has a 12 month low of $24.95 and a 12 month high of $37.50.
Kraton Corporation (NYSE:KRA) last posted its quarterly earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.24. Kraton Corporation had a net margin of 2.36% and a return on equity of 9.52%. The company had revenue of $525.30 million for the quarter, compared to analyst estimates of $506.58 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, equities analysts predict that Kraton Corporation will post $2.28 earnings per share for the current year.
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Several research analysts have weighed in on the stock. UBS AG reissued a “sell” rating and issued a $27.00 price target (up from $26.00) on shares of Kraton Corporation in a report on Sunday, June 25th. BidaskClub raised shares of Kraton Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research raised shares of Kraton Corporation from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a report on Tuesday, August 1st. Finally, TheStreet raised shares of Kraton Corporation from a “c+” rating to a “b-” rating in a report on Thursday, April 27th.
In related news, SVP James Leo Simmons sold 4,252 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $36.81, for a total transaction of $156,516.12. Following the completion of the transaction, the senior vice president now owns 25,695 shares of the company’s stock, valued at $945,832.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 5.01% of the stock is currently owned by insiders.
Kraton Corporation 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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