Pinebridge Investments L.P. lowered its stake in shares of Kraton Corporation (NYSE:KRA) by 89.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,105 shares of the specialty chemicals company’s stock after selling 34,787 shares during the quarter. Pinebridge Investments L.P.’s holdings in Kraton Corporation were worth $141,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. US Bancorp DE grew its position in Kraton Corporation by 99.0% during the first quarter. US Bancorp DE now owns 3,806 shares of the specialty chemicals company’s stock valued at $118,000 after buying an additional 1,893 shares during the period. State of Alaska Department of Revenue grew its position in Kraton Corporation by 80.4% during the second quarter. State of Alaska Department of Revenue now owns 6,152 shares of the specialty chemicals company’s stock valued at $211,000 after buying an additional 2,742 shares during the period. UBS Asset Management Americas Inc. bought a new position in Kraton Corporation during the second quarter valued at about $220,000. Mason Street Advisors LLC grew its position in Kraton Corporation by 7.0% during the first quarter. Mason Street Advisors LLC now owns 7,229 shares of the specialty chemicals company’s stock valued at $224,000 after buying an additional 473 shares during the period. Finally, Aperio Group LLC bought a new position in Kraton Corporation during the second quarter valued at about $226,000. Institutional investors own 97.75% of the company’s stock.

Several equities analysts recently weighed in on KRA shares. BidaskClub upgraded shares of Kraton Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. UBS AG started coverage on shares of Kraton Corporation in a research report on Friday, September 29th. They set a “buy” rating and a $65.00 price target for the company. Loop Capital started coverage on shares of Kraton Corporation in a research report on Thursday, September 28th. They set a “buy” rating and a $65.00 price target for the company. KeyCorp restated a “hold” rating on shares of Kraton Corporation in a research report on Friday, September 1st. Finally, Zacks Investment Research lowered shares of Kraton Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $57.33.

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In other news, SVP James Leo Simmons sold 4,252 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $36.81, for a total transaction of $156,516.12. Following the completion of the sale, the senior vice president now owns 25,695 shares of the company’s stock, valued at approximately $945,832.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Holger R. Jung sold 21,202 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $39.64, for a total transaction of $840,447.28. Following the sale, the senior vice president now directly owns 48,819 shares of the company’s stock, valued at approximately $1,935,185.16. The disclosure for this sale can be found here. 5.01% of the stock is owned by corporate insiders.

Kraton Corporation (KRA) opened at 40.71 on Friday. Kraton Corporation has a 12 month low of $24.95 and a 12 month high of $42.26. The firm’s 50-day moving average is $35.01 and its 200-day moving average is $33.63. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 29.22 and a beta of 1.26.

Kraton Corporation (NYSE:KRA) last released 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 firm had revenue of $525.30 million during the quarter, compared to analyst estimates of $506.58 million. During the same quarter in the prior year, the firm earned $0.63 EPS. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, analysts anticipate that Kraton Corporation will post $2.27 EPS for the current fiscal year.

Kraton Corporation Profile

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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