Kraton Corporation (NYSE:KRA) insider Stephen E. Tremblay sold 49,623 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $48.02, for a total transaction of $2,382,896.46. Following the completion of the sale, the insider now directly owns 83,930 shares of the company’s stock, valued at $4,030,318.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Kraton Corporation (NYSE KRA) opened at $48.44 on Monday. The stock has a market cap of $1,515.98, a PE ratio of 19.61 and a beta of 1.21. The company has a quick ratio of 1.19, a current ratio of 2.27 and a debt-to-equity ratio of 2.85. Kraton Corporation has a twelve month low of $25.09 and a twelve month high of $51.23.
Kraton Corporation (NYSE:KRA) last posted its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 EPS for the quarter, beating the consensus estimate of $0.94 by $0.57. Kraton Corporation had a net margin of 1.27% and a return on equity of 14.19%. The business had revenue of $510.90 million during the quarter, compared to analyst estimates of $481.77 million. During the same quarter in the previous year, the business posted $0.63 EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. research analysts expect that Kraton Corporation will post 2.96 earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in KRA. BlackRock Inc. boosted its holdings in shares of Kraton Corporation by 48,153.2% in the 1st quarter. BlackRock Inc. now owns 3,811,520 shares of the specialty chemicals company’s stock valued at $117,851,000 after acquiring an additional 3,803,621 shares during the last quarter. Mesirow Financial Investment Management Equity Management acquired a new position in shares of Kraton Corporation in the 2nd quarter valued at $16,071,000. FMR LLC lifted its stake in shares of Kraton Corporation by 53.2% in the 1st quarter. FMR LLC now owns 954,380 shares of the specialty chemicals company’s stock valued at $29,509,000 after purchasing an additional 331,303 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Kraton Corporation by 197.1% in the 1st quarter. Renaissance Technologies LLC now owns 331,300 shares of the specialty chemicals company’s stock valued at $10,244,000 after purchasing an additional 219,791 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Kraton Corporation by 112.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 343,870 shares of the specialty chemicals company’s stock valued at $11,842,000 after purchasing an additional 181,815 shares during the period. 95.44% of the stock is currently owned by institutional investors.
KRA has been the topic of several research analyst reports. ValuEngine upgraded shares of Kraton Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of Kraton Corporation from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research report on Tuesday, August 1st. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $55.00 price target (up from $45.00) on shares of Kraton Corporation in a research report on Wednesday, October 11th. They noted that the move was a valuation call. BidaskClub upgraded shares of Kraton Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Finally, KeyCorp restated a “hold” rating on shares of Kraton Corporation in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Kraton Corporation currently has a consensus rating of “Hold” and an average target price of $51.50.
Kraton Corporation Company 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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