Investors Research Corp Decreases Position in Kraton Corp (NYSE:KRA)

Investors Research Corp trimmed its position in shares of Kraton Corp (NYSE:KRA) by 6.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,950 shares of the specialty chemicals company’s stock after selling 800 shares during the quarter. Investors Research Corp’s holdings in Kraton were worth $354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KRA. JPMorgan Chase & Co. boosted its position in Kraton by 229.0% during the second quarter. JPMorgan Chase & Co. now owns 320,311 shares of the specialty chemicals company’s stock worth $9,681,000 after purchasing an additional 222,966 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Kraton in the second quarter valued at $6,166,000. Invesco Ltd. lifted its position in shares of Kraton by 25.2% in the second quarter. Invesco Ltd. now owns 835,483 shares of the specialty chemicals company’s stock valued at $25,958,000 after acquiring an additional 168,065 shares in the last quarter. Morgan Stanley lifted its position in shares of Kraton by 94.4% in the second quarter. Morgan Stanley now owns 298,618 shares of the specialty chemicals company’s stock valued at $9,278,000 after acquiring an additional 145,015 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Kraton by 3.4% in the second quarter. Vanguard Group Inc. now owns 3,529,351 shares of the specialty chemicals company’s stock valued at $109,657,000 after acquiring an additional 114,836 shares in the last quarter. Institutional investors own 95.77% of the company’s stock.

KRA has been the topic of several recent research reports. Zacks Investment Research downgraded Kraton from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. ValuEngine upgraded Kraton from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Macquarie set a $33.00 target price on Kraton and gave the company a “hold” rating in a research note on Friday, October 11th. SunTrust Banks dropped their target price on Kraton from $33.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, October 11th. Finally, UBS Group dropped their target price on Kraton from $25.00 to $17.00 and set a “sell” rating for the company in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $26.40.

In other news, SVP Holger R. Jung sold 13,102 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $30.75, for a total value of $402,886.50. Following the completion of the sale, the senior vice president now owns 43,738 shares of the company’s stock, valued at $1,344,943.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Holger R. Jung sold 6,640 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $31.04, for a total value of $206,105.60. Following the completion of the sale, the senior vice president now directly owns 43,738 shares of the company’s stock, valued at approximately $1,357,627.52. The disclosure for this sale can be found here. Corporate insiders own 3.32% of the company’s stock.

Kraton stock traded down $0.06 during trading on Tuesday, hitting $22.01. The company’s stock had a trading volume of 4,749 shares, compared to its average volume of 398,685. The stock has a market capitalization of $699.84 million, a price-to-earnings ratio of 6.96 and a beta of 2.37. The stock’s fifty day moving average is $29.15 and its 200 day moving average is $29.58. Kraton Corp has a 1-year low of $19.13 and a 1-year high of $40.76. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.82 and a current ratio of 1.89.

Kraton (NYSE:KRA) last announced its quarterly earnings results on Wednesday, July 24th. The specialty chemicals company reported $1.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.49. The company had revenue of $495.28 million during the quarter, compared to analyst estimates of $539.35 million. Kraton had a return on equity of 17.62% and a net margin of 5.92%. The firm’s revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 earnings per share. On average, research analysts anticipate that Kraton Corp will post 3.17 EPS for the current fiscal year.

Kraton Company Profile

Kraton Corporation manufactures and sells styrenic block copolymers and other engineered polymers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Polymer and Chemical. The Polymer segment offers performance products, including styrene-butadiene-styrene and styrene-isoprene-styrene; and specialty polymers, such as hydrogenated styrenic block copolymers, as well as isoprene rubber and isoprene rubber latex for use in medical and personal care products, adhesives, tackifiers, paints, and coatings.

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Institutional Ownership by Quarter for Kraton (NYSE:KRA)

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