California State Teachers Retirement System Lowers Position in Kraton Corp (KRA)

California State Teachers Retirement System lowered its position in Kraton Corp (NYSE:KRA) by 9.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,015 shares of the specialty chemicals company’s stock after selling 5,118 shares during the period. California State Teachers Retirement System’s holdings in Kraton were worth $1,942,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KRA. Legal & General Group Plc grew its holdings in shares of Kraton by 10.0% in the 2nd quarter. Legal & General Group Plc now owns 59,033 shares of the specialty chemicals company’s stock worth $2,032,000 after acquiring an additional 5,378 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Kraton by 1.7% in the 2nd quarter. Principal Financial Group Inc. now owns 260,942 shares of the specialty chemicals company’s stock worth $8,987,000 after acquiring an additional 4,278 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Kraton by 2.7% in the 2nd quarter. Wells Fargo & Company MN now owns 29,738 shares of the specialty chemicals company’s stock worth $1,024,000 after acquiring an additional 768 shares during the period. Teachers Advisors LLC grew its holdings in shares of Kraton by 31.6% in the 2nd quarter. Teachers Advisors LLC now owns 73,004 shares of the specialty chemicals company’s stock worth $2,514,000 after acquiring an additional 17,543 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of Kraton by 112.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 343,870 shares of the specialty chemicals company’s stock worth $11,842,000 after acquiring an additional 181,815 shares during the period. Institutional investors and hedge funds own 97.46% of the company’s stock.

In other Kraton news, SVP James Leo Simmons sold 6,950 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $47.39, for a total transaction of $329,360.50. Following the transaction, the senior vice president now owns 25,000 shares of the company’s stock, valued at approximately $1,184,750. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kevin Michael Fogarty sold 1,042 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $50.00, for a total value of $52,100.00. Following the transaction, the insider now directly owns 197,731 shares in the company, valued at approximately $9,886,550. The disclosure for this sale can be found here. In the last quarter, insiders have sold 198,454 shares of company stock worth $9,645,791. 4.71% of the stock is owned by insiders.

A number of equities research analysts have commented on the company. SunTrust Banks reiterated a “buy” rating and set a $55.00 target price (up previously from $45.00) on shares of Kraton in a report on Wednesday, October 11th. They noted that the move was a valuation call. UBS Group assumed coverage on Kraton in a report on Friday, September 29th. They set a “buy” rating and a $65.00 target price on the stock. Loop Capital assumed coverage on Kraton in a report on Thursday, September 28th. They set a “buy” rating and a $65.00 target price on the stock. Zacks Investment Research upgraded Kraton from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Tuesday, October 17th. Finally, ValuEngine cut Kraton from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $51.50.

Shares of Kraton Corp (NYSE KRA) opened at $51.05 on Thursday. The company has a market capitalization of $1,600.00, a price-to-earnings ratio of 66.30 and a beta of 1.19. The company has a current ratio of 2.27, a quick ratio of 1.19 and a debt-to-equity ratio of 2.85. Kraton Corp has a fifty-two week low of $25.09 and a fifty-two week high of $53.39.

Kraton (NYSE:KRA) last announced its earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.57. The firm had revenue of $510.90 million for the quarter, compared to analysts’ expectations of $481.77 million. Kraton had a return on equity of 14.19% and a net margin of 1.27%. Kraton’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 EPS. equities research analysts forecast that Kraton Corp will post 2.96 earnings per share for the current year.

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About Kraton

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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Institutional Ownership by Quarter for Kraton (NYSE:KRA)

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