Kraton Corp (KRA) Holdings Raised by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its holdings in shares of Kraton Corp (NYSE:KRA) by 169.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,162 shares of the specialty chemicals company’s stock after acquiring an additional 2,616 shares during the period. Advisors Asset Management Inc.’s holdings in Kraton were worth $192,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. grew its stake in Kraton by 1,758.8% in the first quarter. Russell Investments Group Ltd. now owns 18,588 shares of the specialty chemicals company’s stock worth $885,000 after purchasing an additional 17,588 shares in the last quarter. Legal & General Group Plc grew its position in Kraton by 3.0% in the first quarter. Legal & General Group Plc now owns 65,586 shares of the specialty chemicals company’s stock worth $3,109,000 after buying an additional 1,922 shares during the last quarter. Royal Bank of Canada grew its position in Kraton by 2,083.4% during the 1st quarter. Royal Bank of Canada now owns 102,556 shares of the specialty chemicals company’s stock worth $4,893,000 after purchasing an additional 97,859 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new position in Kraton during the 1st quarter worth approximately $217,000. Finally, Principal Financial Group Inc. grew its position in Kraton by 3.7% during the 1st quarter. Principal Financial Group Inc. now owns 261,159 shares of the specialty chemicals company’s stock worth $12,460,000 after purchasing an additional 9,376 shares in the last quarter. Hedge funds and other institutional investors own 96.11% of the company’s stock.

In other news, CEO Kevin Michael Fogarty sold 27,748 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $50.00, for a total transaction of $1,387,400.00. Following the transaction, the chief executive officer now directly owns 273,281 shares in the company, valued at $13,664,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen E. Tremblay sold 13,085 shares of the stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $49.50, for a total transaction of $647,707.50. Following the completion of the transaction, the insider now owns 102,409 shares in the company, valued at $5,069,245.50. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Several research firms recently issued reports on KRA. SunTrust Banks lowered shares of Kraton from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. ValuEngine downgraded shares of Kraton from a “hold” rating to a “sell” rating in a report on Friday, October 19th. Loop Capital set a $76.00 target price on shares of Kraton and gave the company a “buy” rating in a research note on Wednesday, August 15th. Zacks Investment Research cut shares of Kraton from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. Finally, TheStreet cut shares of Kraton from a “b-” rating to a “c+” rating in a research note on Monday, November 12th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. Kraton currently has an average rating of “Hold” and a consensus target price of $57.50.

Shares of KRA stock traded up $0.37 during trading hours on Monday, reaching $26.57. 260,300 shares of the company were exchanged, compared to its average volume of 229,557. Kraton Corp has a fifty-two week low of $24.29 and a fifty-two week high of $53.99. The firm has a market capitalization of $837.28 million, a price-to-earnings ratio of 9.33 and a beta of 1.75. The company has a current ratio of 2.33, a quick ratio of 1.04 and a debt-to-equity ratio of 2.11.

Kraton (NYSE:KRA) last announced its earnings results on Wednesday, October 24th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.21 by ($0.19). Kraton had a return on equity of 14.83% and a net margin of 5.87%. The company had revenue of $523.11 million for the quarter, compared to analyst estimates of $528.00 million. On average, equities research analysts forecast that Kraton Corp will post 3.16 earnings per share for the current fiscal year.

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About Kraton

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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Institutional Ownership by Quarter for Kraton (NYSE:KRA)

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