Public Employees Retirement System of Ohio boosted its stake in shares of Platform Specialty Products Corporation (NYSE:PAH) by 22.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 102,485 shares of the specialty chemicals company’s stock after purchasing an additional 18,553 shares during the period. Public Employees Retirement System of Ohio’s holdings in Platform Specialty Products Corporation were worth $1,300,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC grew its position in Platform Specialty Products Corporation by 12.7% during the 2nd quarter. FMR LLC now owns 22,055,440 shares of the specialty chemicals company’s stock worth $279,663,000 after purchasing an additional 2,483,623 shares during the period. Vanguard Group Inc. grew its position in shares of Platform Specialty Products Corporation by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 16,082,464 shares of the specialty chemicals company’s stock valued at $203,926,000 after acquiring an additional 711,500 shares during the period. Glenview Capital Management LLC grew its position in shares of Platform Specialty Products Corporation by 17.9% during the 2nd quarter. Glenview Capital Management LLC now owns 13,203,633 shares of the specialty chemicals company’s stock valued at $167,422,000 after acquiring an additional 2,000,000 shares during the period. Capital World Investors grew its position in shares of Platform Specialty Products Corporation by 13.1% during the 2nd quarter. Capital World Investors now owns 12,080,829 shares of the specialty chemicals company’s stock valued at $153,185,000 after acquiring an additional 1,398,319 shares during the period. Finally, BlackRock Inc. grew its position in shares of Platform Specialty Products Corporation by 20,109.1% during the 1st quarter. BlackRock Inc. now owns 10,392,944 shares of the specialty chemicals company’s stock valued at $135,317,000 after acquiring an additional 10,341,517 shares during the period. 93.89% of the stock is currently owned by institutional investors.

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A number of equities research analysts have recently commented on PAH shares. Barclays PLC dropped their target price on Platform Specialty Products Corporation from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. UBS AG restated a “buy” rating and set a $17.00 target price (up from $16.00) on shares of Platform Specialty Products Corporation in a research report on Thursday, August 10th. Zacks Investment Research cut Platform Specialty Products Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. SunTrust Banks, Inc. restated a “buy” rating and set a $15.00 target price on shares of Platform Specialty Products Corporation in a research report on Friday, November 3rd. Finally, BidaskClub cut Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $13.50.

Platform Specialty Products Corporation (NYSE:PAH) opened at $10.44 on Wednesday. The firm has a market cap of $3,014.52, a PE ratio of 14.38, a P/E/G ratio of 1.12 and a beta of 3.27. Platform Specialty Products Corporation has a 12 month low of $8.01 and a 12 month high of $14.82. The company has a quick ratio of 1.55, a current ratio of 2.05 and a debt-to-equity ratio of 1.77.

Platform Specialty Products Corporation (NYSE:PAH) last issued its quarterly earnings results on Thursday, November 2nd. The specialty chemicals company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The company had revenue of $904.30 million during the quarter, compared to analysts’ expectations of $912.19 million. Platform Specialty Products Corporation had a negative net margin of 4.12% and a positive return on equity of 7.45%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 earnings per share. equities analysts anticipate that Platform Specialty Products Corporation will post 0.77 earnings per share for the current fiscal year.

In related news, EVP John Edward Capps purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were purchased at an average cost of $10.77 per share, with a total value of $26,925.00. Following the purchase, the executive vice president now owns 2,500 shares of the company’s stock, valued at approximately $26,925. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ian G. H. Ashken purchased 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average cost of $10.98 per share, for a total transaction of $494,100.00. The disclosure for this purchase can be found here. Insiders purchased a total of 60,500 shares of company stock worth $664,865 over the last ninety days. 6.00% of the stock is currently owned by corporate insiders.

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.

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

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