Kevin Michael Fogarty Sells 36,012 Shares of Kraton Performance Polymers Inc. (KRA) Stock
Kraton Performance Polymers Inc. (NYSE:KRA) insider Kevin Michael Fogarty sold 36,012 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $30.05, for a total transaction of $1,082,160.60. Following the transaction, the insider now owns 218,651 shares in the company, valued at $6,570,462.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Kraton Performance Polymers Inc. (NYSE:KRA) opened at 30.67 on Wednesday. Kraton Performance Polymers Inc. has a 52-week low of $13.35 and a 52-week high of $37.50. The stock has a market cap of $948.19 million, a PE ratio of 8.91 and a beta of 1.67. The company’s 50-day moving average is $30.57 and its 200-day moving average is $30.25.
Kraton Performance Polymers (NYSE:KRA) last issued its earnings results on Wednesday, October 26th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by $0.07. Kraton Performance Polymers had a return on equity of 18.56% and a net margin of 6.79%. The firm had revenue of $454.14 million for the quarter, compared to analysts’ expectations of $454.01 million. During the same period last year, the firm earned $0.48 earnings per share. Kraton Performance Polymers’s revenue for the quarter was up 68.8% on a year-over-year basis. Equities analysts anticipate that Kraton Performance Polymers Inc. will post $2.48 EPS for the current year.
A number of equities research analysts recently commented on KRA shares. TheStreet cut shares of Kraton Performance Polymers from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. Zacks Investment Research cut shares of Kraton Performance Polymers from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 2nd.
Several large investors have recently added to or reduced their stakes in KRA. Aristotle Capital Boston LLC increased its stake in Kraton Performance Polymers by 3.7% in the second quarter. Aristotle Capital Boston LLC now owns 204,012 shares of the company’s stock worth $5,698,000 after buying an additional 7,246 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Kraton Performance Polymers by 8.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 31,302 shares of the company’s stock worth $874,000 after buying an additional 2,470 shares during the period. Ameriprise Financial Inc. increased its stake in Kraton Performance Polymers by 41.6% in the second quarter. Ameriprise Financial Inc. now owns 200,510 shares of the company’s stock worth $5,600,000 after buying an additional 58,866 shares during the period. Dimensional Fund Advisors LP increased its stake in Kraton Performance Polymers by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,502,342 shares of the company’s stock worth $69,889,000 after buying an additional 135,359 shares during the period. Finally, BlackRock Fund Advisors increased its stake in Kraton Performance Polymers by 1.4% in the first quarter. BlackRock Fund Advisors now owns 1,937,300 shares of the company’s stock worth $33,515,000 after buying an additional 26,643 shares during the period. 97.50% of the stock is currently owned by institutional investors and hedge funds.
About Kraton Performance Polymers
Kraton Corporation, formerly Kraton Performance Polymers, Inc, is a specialty chemicals company. The Company manufactures styrenic block copolymers (SBCs) and other engineered polymers. The Company also produces specialty products primarily derived from pine wood pulping co-products. It operates through the manufacturing and marketing of engineered polymers segment.
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