Platform Specialty Products Corp (PAH) Position Boosted by United Services Automobile Association

United Services Automobile Association boosted its position in shares of Platform Specialty Products Corp (NYSE:PAH) by 12.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,893 shares of the specialty chemicals company’s stock after purchasing an additional 5,099 shares during the period. United Services Automobile Association’s holdings in Platform Specialty Products were worth $464,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Locust Wood Capital Advisers LLC grew its holdings in shares of Platform Specialty Products by 185.3% in the 4th quarter. Locust Wood Capital Advisers LLC now owns 2,179,012 shares of the specialty chemicals company’s stock valued at $22,509,000 after acquiring an additional 1,415,196 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Platform Specialty Products by 30.7% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 4,061,185 shares of the specialty chemicals company’s stock valued at $41,952,000 after acquiring an additional 953,810 shares in the last quarter. Diameter Capital Partners LP bought a new position in shares of Platform Specialty Products in the 3rd quarter valued at about $10,849,000. Epoch Investment Partners Inc. bought a new position in shares of Platform Specialty Products in the 3rd quarter valued at about $10,092,000. Finally, BlackRock Inc. grew its holdings in shares of Platform Specialty Products by 5.2% in the 3rd quarter. BlackRock Inc. now owns 15,970,501 shares of the specialty chemicals company’s stock valued at $199,152,000 after acquiring an additional 790,068 shares in the last quarter. Hedge funds and other institutional investors own 94.50% of the company’s stock.

PAH stock traded up $0.03 during mid-day trading on Wednesday, hitting $11.06. 1,983,620 shares of the company were exchanged, compared to its average volume of 2,451,152. The company has a quick ratio of 2.00, a current ratio of 2.19 and a debt-to-equity ratio of 2.55. The company has a market capitalization of $3.19 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 4.42 and a beta of 2.59. Platform Specialty Products Corp has a 1-year low of $9.09 and a 1-year high of $13.54.

In other Platform Specialty Products news, insider Pershing Square Capital Manage sold 37,000,000 shares of the firm’s stock in a transaction that occurred on Sunday, February 3rd. The shares were sold at an average price of $11.72, for a total transaction of $433,640,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.40% of the company’s stock.

Several equities analysts have recently weighed in on PAH shares. SunTrust Banks cut Platform Specialty Products from a “buy” rating to a “hold” rating in a report on Monday, January 14th. ValuEngine upgraded Platform Specialty Products from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. UBS Group set a $14.00 price target on Platform Specialty Products and gave the stock a “buy” rating in a report on Tuesday, January 29th. Finally, Zacks Investment Research upgraded Platform Specialty Products from a “sell” rating to a “hold” rating in a report on Tuesday, January 8th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Platform Specialty Products has an average rating of “Hold” and an average price target of $13.00.

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About Platform Specialty Products

Platform Specialty Products Corp. engages in the provision of technology chemical products and technical services. It operates its business through the Performance Solutions and Agricultural Solutions segments. The Performance Solutions segment formulates and markets chemistry solutions that are used in production, commercial packaging and printing, electronics, and oil and gas production and drilling.

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Institutional Ownership by Quarter for Platform Specialty Products (NYSE:PAH)

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