Kraton Corp (KRA) Position Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of Kraton Corp (NYSE:KRA) by 10.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 341,802 shares of the specialty chemicals company’s stock after selling 41,121 shares during the period. Bank of New York Mellon Corp owned approximately 1.09% of Kraton worth $16,465,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. boosted its position in shares of Kraton by 6.7% during the third quarter. Prudential Financial Inc. now owns 55,784 shares of the specialty chemicals company’s stock valued at $2,256,000 after buying an additional 3,490 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Kraton during the third quarter valued at $1,575,000. Algert Global LLC purchased a new stake in shares of Kraton during the third quarter valued at $495,000. BNP Paribas Arbitrage SA boosted its position in shares of Kraton by 46.6% during the third quarter. BNP Paribas Arbitrage SA now owns 16,569 shares of the specialty chemicals company’s stock valued at $670,000 after buying an additional 5,268 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Kraton by 7.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 233,181 shares of the specialty chemicals company’s stock valued at $9,430,000 after buying an additional 15,743 shares during the last quarter. 95.97% of the stock is currently owned by institutional investors.

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Kraton stock opened at $46.91 on Friday. The stock has a market capitalization of $1,521.94, a PE ratio of 15.38 and a beta of 1.26. The company has a debt-to-equity ratio of 2.36, a current ratio of 2.08 and a quick ratio of 0.96. Kraton Corp has a 12-month low of $27.27 and a 12-month high of $53.39.

Kraton (NYSE:KRA) last announced its earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. The business had revenue of $465.97 million for the quarter, compared to analysts’ expectations of $437.75 million. Kraton had a return on equity of 15.47% and a net margin of 4.98%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share. equities analysts anticipate that Kraton Corp will post 3.74 EPS for the current fiscal year.

Several equities research analysts recently commented on KRA shares. Zacks Investment Research cut Kraton from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Loop Capital set a $76.00 target price on Kraton and gave the stock a “buy” rating in a research report on Tuesday, March 20th. TheStreet raised Kraton from a “c” rating to a “b-” rating in a research report on Thursday, March 1st. UBS reissued a “sell” rating and issued a $33.00 target price (up from $30.00) on shares of Kraton in a research report on Wednesday, February 21st. Finally, ValuEngine cut Kraton from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $55.00.

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About Kraton

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.

Institutional Ownership by Quarter for Kraton (NYSE:KRA)

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