Zacks Investment Management bought a new position in shares of Platform Specialty Products Corporation (NYSE:PAH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 42,953 shares of the specialty chemicals company’s stock, valued at approximately $545,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AXA bought a new position in Platform Specialty Products Corporation during the second quarter worth $22,303,000. BlackRock Inc. boosted its stake in Platform Specialty Products Corporation by 20,109.1% during the first quarter. BlackRock Inc. now owns 10,392,944 shares of the specialty chemicals company’s stock worth $135,317,000 after acquiring an additional 10,341,517 shares in the last quarter. First Trust Advisors LP boosted its stake in Platform Specialty Products Corporation by 49.9% during the second quarter. First Trust Advisors LP now owns 553,237 shares of the specialty chemicals company’s stock worth $7,015,000 after acquiring an additional 184,273 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Platform Specialty Products Corporation during the second quarter worth $542,000. Finally, Rhumbline Advisers boosted its stake in Platform Specialty Products Corporation by 18.7% during the second quarter. Rhumbline Advisers now owns 211,473 shares of the specialty chemicals company’s stock worth $2,681,000 after acquiring an additional 33,302 shares in the last quarter. 93.88% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on PAH. ValuEngine raised shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Instinet dropped their price objective on shares of Platform Specialty Products Corporation to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, June 13th. SunTrust Banks, Inc. raised shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating and raised their price objective for the company from $13.00 to $15.00 in a research note on Monday, September 18th. BidaskClub lowered shares of Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, Zacks Investment Research raised shares of Platform Specialty Products Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Platform Specialty Products Corporation presently has a consensus rating of “Buy” and an average target price of $13.10.

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In other Platform Specialty Products Corporation news, CEO Rakesh Sachdev purchased 11,000 shares of Platform Specialty Products Corporation stock in a transaction dated Friday, August 25th. The stock was purchased at an average price of $11.06 per share, with a total value of $121,660.00. Following the transaction, the chief executive officer now directly owns 11,000 shares of the company’s stock, valued at $121,660. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John Edward Capps purchased 2,500 shares of Platform Specialty Products Corporation stock in a transaction dated Friday, August 25th. The shares were acquired at an average cost of $10.77 per share, with a total value of $26,925.00. Following the transaction, the executive vice president now directly owns 2,500 shares in the company, valued at $26,925. The disclosure for this purchase can be found here. Insiders have bought a total of 60,500 shares of company stock valued at $664,865 in the last ninety days. Insiders own 6.00% of the company’s stock.

Shares of Platform Specialty Products Corporation (NYSE PAH) opened at 11.50 on Thursday. The stock has a 50 day moving average of $11.54 and a 200 day moving average of $12.70. The stock’s market cap is $3.30 billion. Platform Specialty Products Corporation has a one year low of $6.85 and a one year high of $14.82.

Platform Specialty Products Corporation (NYSE:PAH) last announced its quarterly earnings results on Wednesday, August 9th. The specialty chemicals company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $941.10 million for the quarter, compared to analysts’ expectations of $933.32 million. During the same quarter in the previous year, the business posted $0.16 EPS. Platform Specialty Products Corporation’s revenue was up 2.1% compared to the same quarter last year. On average, analysts forecast that Platform Specialty Products Corporation will post $0.80 EPS for the current year.

About Platform Specialty Products Corporation

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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