Oregon Public Employees Retirement Fund Takes Position in Kraton Corp (KRA)

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Oregon Public Employees Retirement Fund bought a new position in Kraton Corp (NYSE:KRA) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,153 shares of the specialty chemicals company’s stock, valued at approximately $265,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. grew its position in Kraton by 4.5% during the third quarter. BlackRock Inc. now owns 4,553,471 shares of the specialty chemicals company’s stock valued at $214,696,000 after purchasing an additional 195,090 shares in the last quarter. Vanguard Group Inc grew its position in Kraton by 1.7% during the third quarter. Vanguard Group Inc now owns 3,281,113 shares of the specialty chemicals company’s stock valued at $154,705,000 after purchasing an additional 53,361 shares in the last quarter. Vanguard Group Inc. grew its position in Kraton by 1.7% during the third quarter. Vanguard Group Inc. now owns 3,281,113 shares of the specialty chemicals company’s stock valued at $154,705,000 after purchasing an additional 53,361 shares in the last quarter. Renaissance Technologies LLC grew its position in Kraton by 0.9% during the third quarter. Renaissance Technologies LLC now owns 1,001,700 shares of the specialty chemicals company’s stock valued at $47,230,000 after purchasing an additional 8,700 shares in the last quarter. Finally, Rothschild & Co. Asset Management US Inc. grew its position in Kraton by 7.6% during the fourth quarter. Rothschild & Co. Asset Management US Inc. now owns 947,842 shares of the specialty chemicals company’s stock valued at $20,701,000 after purchasing an additional 67,320 shares in the last quarter. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on the stock. Zacks Investment Research raised shares of Kraton from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 7th. SunTrust Banks boosted their price objective on shares of Kraton to $39.00 and gave the company a “hold” rating in a research report on Friday, March 1st. They noted that the move was a valuation call. TheStreet raised shares of Kraton from a “c” rating to a “b-” rating in a research report on Wednesday, February 20th. ValuEngine raised shares of Kraton from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 19th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Kraton in a research note on Tuesday, February 19th. They issued a “reduce” rating for the company. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $44.00.

Shares of Kraton stock opened at $32.81 on Friday. The company has a quick ratio of 0.93, a current ratio of 2.19 and a debt-to-equity ratio of 1.99. Kraton Corp has a 1-year low of $19.13 and a 1-year high of $53.99. The firm has a market capitalization of $1.12 billion, a PE ratio of 10.38 and a beta of 2.11.

Kraton (NYSE:KRA) last issued its quarterly earnings data on Wednesday, February 27th. The specialty chemicals company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.01). Kraton had a return on equity of 14.25% and a net margin of 3.33%. The firm had revenue of $447.78 million during the quarter, compared to analyst estimates of $476.29 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. Kraton’s quarterly revenue was down 3.9% compared to the same quarter last year. As a group, analysts anticipate that Kraton Corp will post 3.95 EPS for the current year.

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Kraton Company Profile

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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