Schwab Charles Investment Management Inc. boosted its stake in Platform Specialty Products Corporation (NYSE:PAH) by 23.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 751,124 shares of the specialty chemicals company’s stock after buying an additional 143,873 shares during the period. Schwab Charles Investment Management Inc. owned about 0.26% of Platform Specialty Products Corporation worth $9,780,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PAH. NEXT Financial Group Inc boosted its stake in shares of Platform Specialty Products Corporation by 3.1% in the first quarter. NEXT Financial Group Inc now owns 9,840 shares of the specialty chemicals company’s stock valued at $139,000 after buying an additional 300 shares during the last quarter. Virginia Retirement Systems ET AL purchased a new stake in shares of Platform Specialty Products Corporation during the first quarter valued at approximately $147,000. Reik & CO. LLC boosted its stake in shares of Platform Specialty Products Corporation by 25.0% in the first quarter. Reik & CO. LLC now owns 12,500 shares of the specialty chemicals company’s stock valued at $163,000 after buying an additional 2,500 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Platform Specialty Products Corporation by 2.8% in the first quarter. ProShare Advisors LLC now owns 16,403 shares of the specialty chemicals company’s stock valued at $214,000 after buying an additional 448 shares during the last quarter. Finally, Searle & CO. purchased a new stake in shares of Platform Specialty Products Corporation during the fourth quarter valued at approximately $216,000. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Platform Specialty Products Corporation (PAH) traded up 0.33% during trading on Friday, reaching $12.08. 3,864,893 shares of the company’s stock traded hands. The company’s market cap is $3.46 billion. Platform Specialty Products Corporation has a 12 month low of $6.85 and a 12 month high of $14.82. The firm’s 50 day moving average is $13.15 and its 200 day moving average is $13.04.

Platform Specialty Products Corporation (NYSE:PAH) last announced its quarterly earnings data on Wednesday, August 9th. The specialty chemicals company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. Platform Specialty Products Corporation had a negative net margin of 0.26% and a positive return on equity of 7.15%. The business had revenue of $941.10 million for the quarter, compared to analyst estimates of $933.32 million. During the same period in the prior year, the business posted $0.16 earnings per share. Platform Specialty Products Corporation’s revenue was up 2.1% compared to the same quarter last year. Analysts anticipate that Platform Specialty Products Corporation will post $0.80 EPS for the current year.

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PAH has been the topic of several recent analyst reports. ValuEngine raised Platform Specialty Products Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Instinet decreased their price target on shares of Platform Specialty Products Corporation to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, June 13th. Zacks Investment Research upgraded shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, May 10th. Nomura restated a “buy” rating and issued a $16.00 price target on shares of Platform Specialty Products Corporation in a research report on Tuesday, May 9th. Finally, UBS AG restated a “buy” rating and issued a $17.00 price target (up previously from $16.00) on shares of Platform Specialty Products Corporation in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Platform Specialty Products Corporation presently has a consensus rating of “Buy” and an average price target of $13.10.

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

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