First National Bank of Omaha purchased a new position in shares of Platform Specialty Products Corporation (NYSE:PAH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,605 shares of the specialty chemicals company’s stock, valued at approximately $134,000.
Other large investors have also recently modified their holdings of the company. FMR LLC increased its stake in shares of Platform Specialty Products Corporation by 93.2% in the first quarter. FMR LLC now owns 19,571,817 shares of the specialty chemicals company’s stock worth $254,825,000 after buying an additional 9,441,984 shares during the period. Vanguard Group Inc. increased its position in shares of Platform Specialty Products Corporation by 4.7% in the first quarter. Vanguard Group Inc. now owns 15,370,964 shares of the specialty chemicals company’s stock worth $200,131,000 after buying an additional 683,166 shares during the last quarter. BlackRock Inc. increased its position in shares of Platform Specialty Products Corporation by 20,109.1% in the first quarter. BlackRock Inc. now owns 10,392,944 shares of the specialty chemicals company’s stock worth $135,317,000 after buying an additional 10,341,517 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Platform Specialty Products Corporation by 77.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,797,174 shares of the specialty chemicals company’s stock worth $62,459,000 after buying an additional 2,093,211 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Platform Specialty Products Corporation by 36.0% in the first quarter. Russell Investments Group Ltd. now owns 3,460,751 shares of the specialty chemicals company’s stock worth $45,067,000 after buying an additional 915,360 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.
Shares of Platform Specialty Products Corporation (PAH) traded up 0.33% during mid-day trading on Friday, hitting $12.08. The stock had a trading volume of 3,864,893 shares. The firm’s 50-day moving average price is $13.17 and its 200 day moving average price is $13.04. The stock’s market cap is $3.46 billion. Platform Specialty Products Corporation has a 12-month low of $6.85 and a 12-month high of $14.82.
Platform Specialty Products Corporation (NYSE:PAH) last announced its quarterly earnings results on Wednesday, August 9th. The specialty chemicals company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ 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 quarter last year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts forecast that Platform Specialty Products Corporation will post $0.80 EPS for the current fiscal year.
PAH has been the subject of a number of recent research reports. ValuEngine upgraded Platform Specialty Products Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Instinet lowered their price objective on Platform Specialty Products Corporation to $14.00 and set a “buy” rating for the company in a research note on Tuesday, June 13th. Zacks Investment Research upgraded Platform Specialty Products Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, May 10th. Nomura restated a “buy” rating and set a $16.00 price objective on shares of Platform Specialty Products Corporation in a research note on Tuesday, May 9th. Finally, UBS AG reissued a “buy” rating and issued a $17.00 price target (up previously from $16.00) on shares of Platform Specialty Products Corporation in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $13.10.
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