Kraton Corp (KRA) Shares Bought by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. grew its holdings in Kraton Corp (NYSE:KRA) by 54.5% during the 4th quarter, Holdings Channel reports. The firm owned 18,451 shares of the specialty chemicals company’s stock after acquiring an additional 6,509 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Kraton were worth $889,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Kraton in the third quarter valued at about $169,000. First Quadrant L P CA acquired a new stake in shares of Kraton in the fourth quarter valued at about $200,000. Delta Capital Management LLC acquired a new stake in shares of Kraton in the fourth quarter valued at about $216,000. Magnetar Financial LLC acquired a new stake in shares of Kraton in the third quarter valued at about $232,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Kraton in the fourth quarter valued at about $241,000. 95.97% of the stock is currently owned by institutional investors.

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Shares of Kraton stock opened at $46.91 on Friday. Kraton Corp has a 1 year low of $27.27 and a 1 year high of $53.39. The firm has a market capitalization of $1,486.77, a PE ratio of 16.46 and a beta of 1.26. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.96 and a current ratio of 2.08.

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

KRA has been the topic of several research analyst reports. ValuEngine raised Kraton from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded Kraton from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th. UBS reissued a “sell” rating and set a $33.00 target price (up from $30.00) on shares of Kraton in a research report on Wednesday, February 21st. TheStreet raised Kraton from a “c” rating to a “b-” rating in a research report on Thursday, March 1st. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus 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.

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Institutional Ownership by Quarter for Kraton (NYSE:KRA)

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