According to Zacks, “Kraton Corp is a producer of styrenic block copolymers, specialty polymers and performance products derived from pine wood pulping co-products. The company’s product are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving and roofing applications. Kraton Corporation, formerly known as Kraton Performance Polymers Inc., is headquartered in Houston, Texas. “
Separately, TheStreet cut Kraton Performance Polymers from a buy rating to a hold rating in a report on Wednesday, August 17th.
Shares of Kraton Performance Polymers (NYSE:KRA) opened at 33.09 on Tuesday. Kraton Performance Polymers has a 12-month low of $13.35 and a 12-month high of $37.50. The firm’s 50-day moving average price is $34.35 and its 200 day moving average price is $27.64. The firm has a market cap of $1.02 billion, a P/E ratio of 10.26 and a beta of 1.61.
Kraton Performance Polymers (NYSE:KRA) last issued its earnings results on Wednesday, July 27th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.07. Kraton Performance Polymers had a return on equity of 18.90% and a net margin of 7.18%. The company had revenue of $454.65 million for the quarter, compared to the consensus estimate of $445.07 million. During the same quarter last year, the business posted $0.02 EPS. Kraton Performance Polymers’s quarterly revenue was up 77.7% on a year-over-year basis. On average, equities analysts expect that Kraton Performance Polymers will post $2.75 earnings per share for the current fiscal year.
In related news, Director Dan F. Smith sold 14,801 shares of Kraton Performance Polymers stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $36.51, for a total value of $540,384.51. Following the sale, the director now owns 66,254 shares of the company’s stock, valued at approximately $2,418,933.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Melinda Scissors Conley sold 16,002 shares of Kraton Performance Polymers stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $33.20, for a total value of $531,266.40. Following the completion of the sale, the vice president now directly owns 38,264 shares in the company, valued at approximately $1,270,364.80. The disclosure for this sale can be found here. 5.01% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Aristotle Capital Boston LLC raised its stake in shares of Kraton Performance Polymers by 6.0% in the first quarter. Aristotle Capital Boston LLC now owns 196,766 shares of the company’s stock worth $3,404,000 after buying an additional 11,168 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Kraton Performance Polymers by 60.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 190,907 shares of the company’s stock valued at $3,303,000 after buying an additional 72,060 shares during the period. Legal & General Group Plc raised its position in Kraton Performance Polymers by 11.6% in the first quarter. Legal & General Group Plc now owns 8,182 shares of the company’s stock valued at $141,000 after buying an additional 853 shares during the period. Renaissance Technologies LLC raised its position in Kraton Performance Polymers by 1.9% in the first quarter. Renaissance Technologies LLC now owns 158,800 shares of the company’s stock valued at $2,747,000 after buying an additional 3,000 shares during the period. Finally, Bogle Investment Management L P DE raised its position in Kraton Performance Polymers by 82.0% in the first quarter. Bogle Investment Management L P DE now owns 127,337 shares of the company’s stock valued at $2,202,000 after buying an additional 57,363 shares during the period. 98.23% of the stock is currently owned by institutional investors and hedge funds.
About Kraton Performance Polymers
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. It operates through the manufacturing and marketing of engineered polymers segment.
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