State of Wisconsin Investment Board grew its position in shares of Platform Specialty Products Corporation (NYSE:PAH) by 13.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,084 shares of the specialty chemicals company’s stock after purchasing an additional 5,330 shares during the quarter. State of Wisconsin Investment Board’s holdings in Platform Specialty Products Corporation were worth $559,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. ProShare Advisors LLC raised its holdings in Platform Specialty Products Corporation by 2.8% during the 1st quarter. ProShare Advisors LLC now owns 16,403 shares of the specialty chemicals company’s stock worth $214,000 after purchasing an additional 448 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in Platform Specialty Products Corporation by 1.8% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 43,242 shares of the specialty chemicals company’s stock worth $548,000 after purchasing an additional 779 shares during the last quarter. Amalgamated Bank raised its holdings in Platform Specialty Products Corporation by 2.9% during the 1st quarter. Amalgamated Bank now owns 27,979 shares of the specialty chemicals company’s stock worth $364,000 after purchasing an additional 787 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Platform Specialty Products Corporation by 1.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 83,932 shares of the specialty chemicals company’s stock worth $1,093,000 after purchasing an additional 1,197 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Platform Specialty Products Corporation by 19.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,016 shares of the specialty chemicals company’s stock worth $228,000 after purchasing an additional 2,975 shares during the last quarter. Hedge funds and other institutional investors own 93.71% of the company’s stock.

Shares of Platform Specialty Products Corporation (NYSE:PAH) opened at 11.80 on Tuesday. The firm’s market cap is $3.38 billion. Platform Specialty Products Corporation has a 12 month low of $6.85 and a 12 month high of $14.82. The stock’s 50 day moving average is $12.64 and its 200 day moving average is $12.92.

Platform Specialty Products Corporation (NYSE:PAH) last announced its earnings results on Wednesday, August 9th. The specialty chemicals company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The company had revenue of $941.10 million during the quarter, compared to the consensus estimate of $933.32 million. Platform Specialty Products Corporation had a positive return on equity of 7.15% and a negative net margin of 0.26%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 earnings per share. Equities research analysts expect that Platform Specialty Products Corporation will post $0.80 EPS for the current year.

In other Platform Specialty Products Corporation news, EVP John Edward Capps bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average price of $10.77 per share, for a total transaction of $26,925.00. Following the completion of the acquisition, the executive vice president now directly owns 2,500 shares in the company, valued at $26,925. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ian G. H. Ashken bought 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average price of $10.98 per share, with a total value of $494,100.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 60,500 shares of company stock valued at $664,865. 6.00% of the stock is owned by corporate insiders.

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Several analysts have recently commented on the stock. BidaskClub downgraded shares of Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research raised shares of Platform Specialty Products Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. UBS AG reaffirmed a “buy” rating and set a $17.00 price objective (up previously from $16.00) on shares of Platform Specialty Products Corporation in a research report on Thursday, August 10th. ValuEngine raised shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Instinet reduced their price objective on shares of Platform Specialty Products Corporation to $14.00 and set a “buy” rating for the company in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Platform Specialty Products Corporation presently has an average rating of “Buy” and a consensus price target of $13.10.

Platform Specialty Products Corporation Company Profile

Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. It operates through two segments, Performance Solutions and Agricultural Solutions. The Performance Solutions segment offers plating products that are used to plate holes; electroless nickel products, which are applied to various metal and plastic surfaces; electronic assembly materials for use in the electronic market and residential boiler systems; final finishes that are used on printed circuit boards; circuit formation products for surface preparation; oxides, which are used in the fabrication of multilayer circuit boards; semiconductor materials and packaging products; and pre-treatment and cleaning solutions.

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

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