Quantitative Investment Management LLC increased its holdings in Kraton Corporation (NYSE:KRA) by 93.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,500 shares of the specialty chemicals company’s stock after buying an additional 39,900 shares during the period. Quantitative Investment Management LLC owned about 0.26% of Kraton Corporation worth $2,841,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. US Bancorp DE raised its stake in Kraton Corporation by 99.0% in the first quarter. US Bancorp DE now owns 3,806 shares of the specialty chemicals company’s stock worth $118,000 after buying an additional 1,893 shares in the last quarter. LS Investment Advisors LLC raised its stake in Kraton Corporation by 279.4% in the first quarter. LS Investment Advisors LLC now owns 4,128 shares of the specialty chemicals company’s stock worth $128,000 after buying an additional 3,040 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Kraton Corporation by 80.4% in the second quarter. State of Alaska Department of Revenue now owns 6,152 shares of the specialty chemicals company’s stock worth $211,000 after buying an additional 2,742 shares in the last quarter. Aperio Group LLC bought a new position in Kraton Corporation in the second quarter worth approximately $226,000. Finally, Mason Street Advisors LLC raised its stake in Kraton Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 7,229 shares of the specialty chemicals company’s stock worth $224,000 after buying an additional 473 shares in the last quarter. 97.75% of the stock is owned by institutional investors.

A number of brokerages recently commented on KRA. KeyCorp reissued a “hold” rating on shares of Kraton Corporation in a research note on Friday, September 1st. BidaskClub raised shares of Kraton Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research raised Kraton Corporation from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, August 1st. Finally, UBS AG reaffirmed a “sell” rating and set a $27.00 price target (up from $26.00) on shares of Kraton Corporation in a research report on Sunday, June 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $34.50.

Kraton Corporation (NYSE:KRA) opened at 36.41 on Thursday. Kraton Corporation has a 12 month low of $24.95 and a 12 month high of $37.50. The stock’s 50 day moving average price is $33.92 and its 200-day moving average price is $32.76. The firm has a market capitalization of $1.14 billion, a P/E ratio of 26.14 and a beta of 1.28.

Kraton Corporation (NYSE:KRA) last issued its quarterly earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.24. Kraton Corporation had a net margin of 2.36% and a return on equity of 9.52%. The company had revenue of $525.30 million during the quarter, compared to analysts’ expectations of $506.58 million. During the same quarter last year, the company posted $0.63 EPS. The firm’s revenue was up 15.6% compared to the same quarter last year. Equities analysts forecast that Kraton Corporation will post $2.31 earnings per share for the current year.

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In other Kraton Corporation news, SVP James Leo Simmons sold 4,252 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $36.81, for a total value of $156,516.12. Following the completion of the transaction, the senior vice president now owns 25,695 shares of the company’s stock, valued at approximately $945,832.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.01% of the company’s stock.

About Kraton Corporation

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. The Company operates through two segments: Polymer Segment, which comprises SBCs and other engineered polymers business, and Chemical Segment, which comprises pine-based specialty products business.

Institutional Ownership by Quarter for Kraton Corporation (NYSE:KRA)

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