Uniplan Investment Counsel Inc. reduced its position in Kraton Corp (NYSE:KRA) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,726 shares of the specialty chemicals company’s stock after selling 6,896 shares during the quarter. Uniplan Investment Counsel Inc. owned about 0.54% of Kraton worth $3,772,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Kraton by 20.1% in the fourth quarter. Geode Capital Management LLC now owns 532,674 shares of the specialty chemicals company’s stock valued at $11,632,000 after acquiring an additional 88,972 shares during the period. Dimensional Fund Advisors LP raised its stake in Kraton by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,596,493 shares of the specialty chemicals company’s stock valued at $56,708,000 after purchasing an additional 31,932 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Kraton by 8.5% in the fourth quarter. Great West Life Assurance Co. Can now owns 41,945 shares of the specialty chemicals company’s stock valued at $843,000 after purchasing an additional 3,292 shares in the last quarter. Alambic Investment Management L.P. purchased a new stake in Kraton in the fourth quarter valued at approximately $351,000. Finally, Royce & Associates LP raised its stake in Kraton by 51.3% in the fourth quarter. Royce & Associates LP now owns 570,953 shares of the specialty chemicals company’s stock valued at $12,470,000 after purchasing an additional 193,577 shares in the last quarter. Institutional investors own 95.23% of the company’s stock.
KRA has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Kraton from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 7th. ValuEngine raised shares of Kraton from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 19th. SunTrust Banks raised their target price on shares of Kraton to $39.00 and gave the company a “hold” rating in a research note 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 note on Wednesday, February 20th. Finally, Stifel Nicolaus initiated coverage on shares of Kraton in a research note on Monday, December 10th. They issued a “hold” rating and a $22.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $44.00.
Kraton (NYSE:KRA) last posted its quarterly earnings results on Wednesday, February 27th. The specialty chemicals company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.01). The business had revenue of $447.78 million for the quarter, compared to analysts’ expectations of $476.29 million. Kraton had a return on equity of 14.25% and a net margin of 3.33%. The company’s revenue was down 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.67 earnings per share. On average, analysts anticipate that Kraton Corp will post 3.95 EPS for the current year.
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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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