Swiss National Bank decreased its stake in Kraton Performance Polymers Inc. (NYSE:KRA) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,800 shares of the company’s stock after selling 1,300 shares during the period. Swiss National Bank’s holdings in Kraton Performance Polymers were worth $1,745,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. PineBridge Investments L.P. raised its stake in Kraton Performance Polymers by 9.0% in the second quarter. PineBridge Investments L.P. now owns 3,911 shares of the company’s stock worth $109,000 after buying an additional 324 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Kraton Performance Polymers by 1.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,228 shares of the company’s stock worth $118,000 after buying an additional 77 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Kraton Performance Polymers by 13.6% in the second quarter. Teacher Retirement System of Texas now owns 4,299 shares of the company’s stock worth $120,000 after buying an additional 516 shares during the last quarter. Mason Street Advisors LLC bought a new stake in Kraton Performance Polymers during the second quarter worth about $168,000. Finally, Bbva Compass Bancshares Inc. bought a new stake in Kraton Performance Polymers during the second quarter worth about $200,000. 96.08% of the stock is currently owned by hedge funds and other institutional investors.
Kraton Performance Polymers Inc. (NYSE:KRA) traded down 2.14% during midday trading on Thursday, reaching $26.93. The company had a trading volume of 384,252 shares. Kraton Performance Polymers Inc. has a 52-week low of $13.47 and a 52-week high of $37.50. The company has a market capitalization of $832.57 million, a P/E ratio of 7.82 and a beta of 1.74. The company’s 50 day moving average is $30.14 and its 200-day moving average is $31.19.
Kraton Performance Polymers (NYSE:KRA) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.07. Kraton Performance Polymers had a net margin of 6.79% and a return on equity of 18.56%. The company had revenue of $454.14 million for the quarter, compared to analyst estimates of $454.01 million. During the same quarter in the prior year, the business earned $0.48 EPS. Kraton Performance Polymers’s revenue was up 68.8% compared to the same quarter last year. Equities analysts expect that Kraton Performance Polymers Inc. will post $2.44 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised Kraton Performance Polymers from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Wednesday, January 11th.
In related news, Director Francis S. Kalman acquired 4,000 shares of the stock in a transaction that occurred on Monday, October 31st. The shares were acquired at an average price of $25.75 per share, for a total transaction of $103,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin Michael Fogarty sold 36,012 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $30.05, for a total transaction of $1,082,160.60. Following the transaction, the insider now owns 218,651 shares in the company, valued at approximately $6,570,462.55. The disclosure for this sale can be found here. 5.01% of the stock is owned by company insiders.
Kraton Performance Polymers 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. It operates through the manufacturing and marketing of engineered polymers segment.
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