Skylands Capital LLC lessened its stake in Kraton Corp (NYSE:KRA) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 142,700 shares of the specialty chemicals company’s stock after selling 14,100 shares during the period. Skylands Capital LLC’s holdings in Kraton were worth $6,874,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KRA. SG Americas Securities LLC bought a new stake in shares of Kraton during the 3rd quarter valued at $169,000. LS Investment Advisors LLC grew its position in shares of Kraton by 31.4% during the 3rd quarter. LS Investment Advisors LLC now owns 5,369 shares of the specialty chemicals company’s stock valued at $217,000 after acquiring an additional 1,282 shares during the period. UBS Asset Management Americas Inc. bought a new stake in shares of Kraton during the 2nd quarter valued at $220,000. 361 Capital LLC bought a new stake in shares of Kraton during the 3rd quarter valued at $223,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Kraton during the 2nd quarter valued at $232,000. 97.46% of the stock is owned by institutional investors and hedge funds.

Shares of Kraton Corp (NYSE:KRA) traded down $1.15 during mid-day trading on Tuesday, hitting $51.59. 191,100 shares of the stock were exchanged, compared to its average volume of 311,400. Kraton Corp has a 12-month low of $25.09 and a 12-month high of $53.39. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.19 and a current ratio of 2.27. The company has a market cap of $1,614.57, a P/E ratio of 67.88 and a beta of 1.19.

Kraton (NYSE:KRA) last released its earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.57. Kraton had a net margin of 1.27% and a return on equity of 14.19%. The company had revenue of $510.90 million for the quarter, compared to analysts’ expectations of $481.77 million. During the same quarter in the previous year, the company earned $0.63 EPS. Kraton’s revenue for the quarter was up 12.5% on a year-over-year basis. sell-side analysts expect that Kraton Corp will post 2.96 earnings per share for the current fiscal year.

In related news, insider Kevin Michael Fogarty sold 1,042 shares of Kraton stock in a transaction on Monday, December 18th. The shares were sold at an average price of $50.00, for a total transaction of $52,100.00. Following the transaction, the insider now owns 197,731 shares in the company, valued at approximately $9,886,550. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stephen E. Tremblay sold 49,623 shares of Kraton stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $48.02, for a total transaction of $2,382,896.46. Following the transaction, the insider now owns 83,930 shares in the company, valued at approximately $4,030,318.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 198,454 shares of company stock worth $9,645,791. 4.71% of the stock is owned by corporate insiders.

KRA has been the subject of a number of recent research reports. Loop Capital initiated coverage on shares of Kraton in a research report on Thursday, September 28th. They set a “buy” rating and a $65.00 price objective for the company. Zacks Investment Research downgraded shares of Kraton from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th. UBS Group boosted their price objective on shares of Kraton from $28.00 to $30.00 and gave the company a “sell” rating in a research report on Wednesday, October 25th. ValuEngine downgraded shares of Kraton from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, TheStreet downgraded shares of Kraton from a “b-” rating to a “c” rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Kraton currently has an average rating of “Hold” and a consensus target price of $51.50.

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Kraton 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.

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Institutional Ownership by Quarter for Kraton (NYSE:KRA)

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