First Mercantile Trust Co. lessened its stake in shares of Kraton Corp (NYSE:KRA) by 15.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,686 shares of the specialty chemicals company’s stock after selling 1,602 shares during the period. First Mercantile Trust Co.’s holdings in Kraton were worth $418,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of KRA. Wells Fargo & Company MN increased its position in Kraton by 2.7% during the 2nd quarter. Wells Fargo & Company MN now owns 29,738 shares of the specialty chemicals company’s stock valued at $1,024,000 after buying an additional 768 shares in the last quarter. Teachers Advisors LLC increased 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 purchasing an additional 17,543 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Kraton by 4.3% in the 2nd quarter. BlackRock Inc. now owns 3,975,623 shares of the specialty chemicals company’s stock worth $136,919,000 after purchasing an additional 164,103 shares in the last quarter. UBS Asset Management Americas Inc. bought a new stake in shares of Kraton in the 2nd quarter worth $220,000. Finally, Northern Trust Corp increased its holdings in shares of Kraton by 10.3% in the 2nd quarter. Northern Trust Corp now owns 648,883 shares of the specialty chemicals company’s stock worth $22,348,000 after purchasing an additional 60,449 shares in the last quarter. 96.83% of the stock is owned by institutional investors.
In other news, insider Kevin Michael Fogarty sold 1,042 shares of the business’s stock in a transaction dated 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 $9,886,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.71% of the stock is owned by insiders.
Kraton Corp (NYSE KRA) traded down $0.24 during midday trading on Friday, reaching $49.85. The company had a trading volume of 327,118 shares, compared to its average volume of 239,475. Kraton Corp has a 12 month low of $25.09 and a 12 month high of $53.39. The stock has a market capitalization of $1,560.00, a P/E ratio of 64.74 and a beta of 1.13. The company has a quick ratio of 1.19, a current ratio of 2.27 and a debt-to-equity ratio of 2.85.
A number of analysts have commented on the company. ValuEngine raised Kraton from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. TheStreet lowered Kraton from a “b-” rating to a “c” rating in a report on Wednesday, October 25th. UBS Group lifted their price objective on Kraton from $28.00 to $30.00 and gave the stock a “sell” rating in a report on Wednesday, October 25th. Finally, Zacks Investment Research raised Kraton from a “sell” rating to a “hold” rating and set a $56.00 price objective for the company in a report on Saturday, October 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $51.50.
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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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