Kraton Corporation (KRA) Shares Sold by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA cut its position in shares of Kraton Corporation (NYSE:KRA) by 14.8% during the first quarter, Holdings Channel reports. The firm owned 7,578 shares of the specialty chemicals company’s stock after selling 1,318 shares during the period. BNP Paribas Arbitrage SA’s holdings in Kraton Corporation were worth $234,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Comerica Bank boosted its stake in Kraton Corporation by 5.5% in the fourth quarter. Comerica Bank now owns 32,812 shares of the specialty chemicals company’s stock worth $928,000 after buying an additional 1,721 shares during the period. State Street Corp boosted its stake in Kraton Corporation by 10.2% in the fourth quarter. State Street Corp now owns 650,001 shares of the specialty chemicals company’s stock worth $18,512,000 after buying an additional 60,145 shares during the period. Oxford Asset Management acquired a new stake in Kraton Corporation during the fourth quarter worth approximately $369,000. FMR LLC acquired a new stake in Kraton Corporation during the fourth quarter worth approximately $17,745,000. Finally, Dynamic Technology Lab Private Ltd boosted its stake in Kraton Corporation by 80.7% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 23,141 shares of the specialty chemicals company’s stock worth $659,000 after buying an additional 10,336 shares during the period. Institutional investors own 97.54% of the company’s stock.
Shares of Kraton Corporation (KRA) opened at 31.42 on Friday. The firm has a 50-day moving average price of $33.28 and a 200-day moving average price of $30.30. The stock has a market capitalization of $979.77 million, a PE ratio of 38.36 and a beta of 1.29. Kraton Corporation has a 1-year low of $24.95 and a 1-year high of $37.50.
Kraton Corporation (NYSE:KRA) last released its quarterly earnings data on Wednesday, April 26th. The specialty chemicals company reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.08. The business had revenue of $458.10 million during the quarter, compared to analysts’ expectations of $487.17 million. Kraton Corporation had a return on equity of 8.50% and a net margin of 1.44%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 EPS. On average, equities research analysts forecast that Kraton Corporation will post $2.10 earnings per share for the current year.
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KRA has been the subject of a number of research analyst reports. TheStreet upgraded Kraton Corporation from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. Zacks Investment Research upgraded Kraton Corporation from a “strong sell” rating to a “hold” rating and set a $39.00 price target for the company in a research note on Wednesday, May 3rd.
In other news, insider Kevin Michael Fogarty sold 27,968 shares of the business’s stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $35.09, for a total value of $981,397.12. Following the completion of the sale, the insider now directly owns 196,689 shares of the company’s stock, valued at approximately $6,901,817.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Holger R. Jung sold 5,805 shares of the business’s stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $31.33, for a total value of $181,870.65. Following the completion of the sale, the senior vice president now directly owns 42,585 shares of the company’s stock, valued at $1,334,188.05. The disclosure for this sale can be found here. Corporate insiders own 5.01% of the company’s stock.
Kraton Corporation Company Profile
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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