Gates Capital Management Inc. increased its position in Platform Specialty Products Corp (NYSE:PAH) by 13.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,723,388 shares of the specialty chemicals company’s stock after purchasing an additional 782,130 shares during the period. Platform Specialty Products makes up approximately 3.8% of Gates Capital Management Inc.’s holdings, making the stock its 11th biggest position. Gates Capital Management Inc. owned 2.33% of Platform Specialty Products worth $69,453,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. PEAK6 Investments LLC bought a new position in Platform Specialty Products during the 4th quarter valued at about $134,000. Vivaldi Capital Management LLC bought a new position in Platform Specialty Products during the 4th quarter valued at about $139,000. Raymond James Trust N.A. bought a new position in Platform Specialty Products during the 3rd quarter valued at about $176,000. Investors Research Corp lifted its stake in Platform Specialty Products by 7.5% during the 4th quarter. Investors Research Corp now owns 14,300 shares of the specialty chemicals company’s stock valued at $148,000 after acquiring an additional 1,000 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Platform Specialty Products by 12.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,481 shares of the specialty chemicals company’s stock valued at $181,000 after acquiring an additional 1,997 shares during the period. Institutional investors own 94.50% of the company’s stock.

PAH has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Platform Specialty Products from a “sell” rating to a “hold” rating in a research note on Friday, November 30th. ValuEngine cut shares of Platform Specialty Products from a “hold” rating to a “sell” rating in a research note on Tuesday, December 25th. SunTrust Banks lowered shares of Platform Specialty Products from a “buy” rating to a “hold” rating in a research report on Monday, January 14th. Finally, UBS Group set a $14.00 price target on shares of Platform Specialty Products and gave the company a “buy” rating in a research report on Tuesday, January 29th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $13.00.

In other news, insider Pershing Square Capital Manage sold 37,000,000 shares of the company’s stock in a transaction dated Sunday, February 3rd. The shares were sold at an average price of $11.72, for a total transaction of $433,640,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Edward Capps purchased 50,000 shares of Platform Specialty Products stock in a transaction dated Thursday, December 20th. The shares were acquired at an average cost of $10.00 per share, with a total value of $500,000.00. Following the transaction, the executive vice president now directly owns 254,333 shares in the company, valued at $2,543,330. The disclosure for this purchase can be found here. 5.40% of the stock is owned by corporate insiders.

NYSE PAH opened at $10.58 on Tuesday. Platform Specialty Products Corp has a 52 week low of $9.09 and a 52 week high of $13.54. The stock has a market cap of $3.05 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 4.42 and a beta of 2.59. The company has a quick ratio of 2.00, a current ratio of 2.19 and a debt-to-equity ratio of 2.55.

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About Platform Specialty Products

Platform Specialty Products Corp. engages in the provision of technology chemical products and technical services. It operates its business through the Performance Solutions and Agricultural Solutions segments. The Performance Solutions segment formulates and markets chemistry solutions that are used in production, commercial packaging and printing, electronics, and oil and gas production and drilling.

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

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