Kraton Corporation (NYSE:KRA) SVP James Leo Simmons sold 4,252 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $36.81, for a total value of $156,516.12. Following the completion of the sale, the senior vice president now directly owns 25,695 shares of the company’s stock, valued at approximately $945,832.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Kraton Corporation (NYSE:KRA) traded up 1.31% on Friday, hitting $34.01. The company had a trading volume of 282,236 shares. Kraton Corporation has a 52 week low of $24.95 and a 52 week high of $37.50. The stock has a market capitalization of $1.06 billion, a PE ratio of 24.41 and a beta of 1.23. The firm’s 50 day moving average price is $34.99 and its 200-day moving average price is $31.81.
Kraton Corporation (NYSE:KRA) last released its quarterly earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.24. The firm had revenue of $525.30 million for the quarter, compared to the consensus estimate of $506.58 million. Kraton Corporation had a return on equity of 9.52% and a net margin of 2.36%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period last year, the business posted $0.63 EPS. Analysts forecast that Kraton Corporation will post $2.28 earnings per share for the current fiscal year.
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Several research analysts recently issued reports on the company. BidaskClub cut Kraton Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research raised Kraton Corporation from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research report on Tuesday, August 1st. UBS AG reaffirmed a “sell” rating and set a $27.00 target price (up previously from $26.00) on shares of Kraton Corporation in a research report on Sunday, June 25th. Finally, TheStreet raised Kraton Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, April 27th.
Several institutional investors have recently added to or reduced their stakes in KRA. Proxima Capital Management LLC increased its position in Kraton Corporation by 7.7% in the second quarter. Proxima Capital Management LLC now owns 290,700 shares of the specialty chemicals company’s stock worth $10,012,000 after buying an additional 20,700 shares during the period. Piedmont Investment Advisors LLC purchased a new position in Kraton Corporation during the second quarter worth about $232,000. TVR Capital Management LP increased its position in Kraton Corporation by 253.3% in the second quarter. TVR Capital Management LP now owns 140,255 shares of the specialty chemicals company’s stock worth $4,831,000 after buying an additional 100,555 shares during the period. The Manufacturers Life Insurance Company increased its position in Kraton Corporation by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 23,046 shares of the specialty chemicals company’s stock worth $794,000 after buying an additional 286 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new position in Kraton Corporation during the second quarter worth about $879,000. Hedge funds and other institutional investors own 97.54% of the company’s stock.
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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