Rothschild & Co. Asset Management US Inc. increased its position in shares of Kraton Corp (NYSE:KRA) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 825,107 shares of the specialty chemicals company’s stock after acquiring an additional 37,555 shares during the period. Rothschild & Co. Asset Management US Inc. owned about 2.58% of Kraton worth $25,636,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quantitative Systematic Strategies LLC acquired a new position in Kraton during the second quarter worth $313,000. Arizona State Retirement System raised its holdings in Kraton by 0.8% during the second quarter. Arizona State Retirement System now owns 49,664 shares of the specialty chemicals company’s stock worth $1,543,000 after purchasing an additional 417 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Kraton by 42.4% during the second quarter. Nisa Investment Advisors LLC now owns 3,360 shares of the specialty chemicals company’s stock worth $104,000 after purchasing an additional 1,000 shares during the last quarter. Investors Research Corp raised its holdings in Kraton by 7.3% during the second quarter. Investors Research Corp now owns 11,750 shares of the specialty chemicals company’s stock worth $365,000 after purchasing an additional 800 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Kraton by 204.3% during the first quarter. First Trust Advisors LP now owns 97,086 shares of the specialty chemicals company’s stock worth $3,124,000 after purchasing an additional 65,185 shares during the last quarter. 97.12% of the stock is currently owned by hedge funds and other institutional investors.
Kraton stock traded down $0.18 during mid-day trading on Tuesday, hitting $26.73. 2,602 shares of the company were exchanged, compared to its average volume of 205,508. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.89 and a quick ratio of 0.82. The firm has a 50 day moving average price of $29.84. The firm has a market cap of $902.37 million, a P/E ratio of 8.45 and a beta of 2.31. Kraton Corp has a 12-month low of $19.13 and a 12-month high of $50.20.
KRA has been the subject of several research reports. SunTrust Banks set a $33.00 price objective on Kraton and gave the stock a “hold” rating in a report on Monday, July 15th. TheStreet cut Kraton from a “b-” rating to a “c” rating in a report on Thursday, April 25th. ValuEngine cut Kraton from a “sell” rating to a “strong sell” rating in a report on Thursday, April 25th. Finally, Zacks Investment Research raised Kraton from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $41.25.
In other Kraton news, SVP Holger R. Jung sold 6,640 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $31.04, for a total transaction of $206,105.60. Following the completion of the transaction, the senior vice president now owns 43,738 shares of the company’s stock, valued at $1,357,627.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Holger R. Jung sold 13,102 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $30.75, for a total value of $402,886.50. Following the transaction, the senior vice president now directly owns 43,738 shares of the company’s stock, valued at approximately $1,344,943.50. The disclosure for this sale can be found here. Company insiders own 3.32% of the company’s stock.
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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