Kraton Corp (KRA) Shares Bought by Legal & General Group Plc

Legal & General Group Plc increased its holdings in shares of Kraton Corp (NYSE:KRA) by 1.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 75,659 shares of the specialty chemicals company’s stock after purchasing an additional 852 shares during the period. Legal & General Group Plc owned 0.24% of Kraton worth $1,659,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of KRA. BlackRock Inc. grew its holdings in Kraton by 4.5% during the third quarter. BlackRock Inc. now owns 4,553,471 shares of the specialty chemicals company’s stock worth $214,696,000 after purchasing an additional 195,090 shares during the period. Royce & Associates LP grew its holdings in Kraton by 51.3% during the fourth quarter. Royce & Associates LP now owns 570,953 shares of the specialty chemicals company’s stock worth $12,470,000 after purchasing an additional 193,577 shares during the period. Evermore Global Advisors LLC grew its holdings in Kraton by 40.9% during the fourth quarter. Evermore Global Advisors LLC now owns 629,732 shares of the specialty chemicals company’s stock worth $13,753,000 after purchasing an additional 182,900 shares during the period. Federated Investors Inc. PA lifted its position in Kraton by 1,599.7% during the third quarter. Federated Investors Inc. PA now owns 189,993 shares of the specialty chemicals company’s stock worth $8,958,000 after acquiring an additional 178,815 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Kraton by 20.1% during the fourth quarter. Geode Capital Management LLC now owns 532,674 shares of the specialty chemicals company’s stock worth $11,632,000 after acquiring an additional 88,972 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

Shares of KRA stock opened at $36.49 on Friday. The company has a debt-to-equity ratio of 1.99, a current ratio of 2.19 and a quick ratio of 0.93. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 11.55 and a beta of 2.09. Kraton Corp has a 12-month low of $19.13 and a 12-month high of $53.99.

Kraton (NYSE:KRA) last released its quarterly earnings results on Wednesday, February 27th. The specialty chemicals company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Kraton had a net margin of 3.33% and a return on equity of 14.25%. The company had revenue of $447.78 million during the quarter, compared to the consensus estimate of $476.29 million. During the same period in the previous year, the business earned $0.67 earnings per share. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. On average, sell-side analysts anticipate that Kraton Corp will post 3.95 EPS for the current fiscal year.

Several brokerages have issued reports on KRA. ValuEngine upgraded shares of Kraton from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 19th. SunTrust Banks raised their price objective on shares of Kraton to $39.00 and gave the stock a “hold” rating in a research report 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 research report on Thursday, March 7th. TheStreet upgraded shares of Kraton from a “c” rating to a “b-” rating in a research report on Wednesday, February 20th. Finally, JPMorgan Chase & Co. began coverage on shares of Kraton in a research report on Tuesday, February 19th. They set a “reduce” rating for the company. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Kraton currently has a consensus rating of “Hold” and a consensus target price of $44.00.

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Kraton Company Profile

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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