New York State Common Retirement Fund Sells 1 Shares of Kraton Corporation (KRA)

New York State Common Retirement Fund trimmed its holdings in shares of Kraton Corporation (NYSE:KRA) by 0.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,100 shares of the specialty chemicals company’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned approximately 0.11% of Kraton Corporation worth $1,140,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE grew its position in Kraton Corporation by 0.6% during the second quarter. US Bancorp DE now owns 3,827 shares of the specialty chemicals company’s stock valued at $132,000 after buying an additional 21 shares during the period. State of Alaska Department of Revenue grew its position in Kraton Corporation by 80.4% during the second quarter. State of Alaska Department of Revenue now owns 6,152 shares of the specialty chemicals company’s stock valued at $211,000 after buying an additional 2,742 shares during the period. Aperio Group LLC bought a new stake in Kraton Corporation during the second quarter valued at approximately $226,000. Wedge Capital Management L L P NC bought a new stake in Kraton Corporation during the second quarter valued at approximately $287,000. Finally, Municipal Employees Retirement System of Michigan grew its position in Kraton Corporation by 7.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 9,830 shares of the specialty chemicals company’s stock valued at $338,000 after buying an additional 690 shares during the period. Institutional investors own 97.35% of the company’s stock.

In other news, SVP Holger R. Jung sold 42,758 shares of Kraton Corporation stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $48.31, for a total transaction of $2,065,638.98. Following the completion of the transaction, the senior vice president now directly owns 45,585 shares of the company’s stock, valued at approximately $2,202,211.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP James Leo Simmons sold 6,950 shares of Kraton Corporation stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $47.39, for a total transaction of $329,360.50. Following the transaction, the senior vice president now directly owns 25,000 shares of the company’s stock, valued at $1,184,750. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 120,533 shares of company stock valued at $5,618,343. Insiders own 5.01% of the company’s stock.

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Kraton Corporation (NYSE:KRA) last posted its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.57. The company had revenue of $510.90 million during the quarter, compared to analyst estimates of $481.77 million. Kraton Corporation had a net margin of 1.27% and a return on equity of 14.19%. Kraton Corporation’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the firm posted $0.63 EPS.

Several analysts recently issued reports on the stock. BidaskClub upgraded shares of Kraton Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. ValuEngine upgraded shares of Kraton Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. KeyCorp restated a “hold” rating on shares of Kraton Corporation in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Kraton Corporation from a “hold” rating to a “strong-buy” rating and set a $42.00 target price for the company in a research report on Tuesday, August 1st. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $55.00 target price (up from $45.00) on shares of Kraton Corporation in a research report on Wednesday, October 11th. They noted that the move was a valuation call. One equities research 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 stock currently has a consensus rating of “Hold” and a consensus price target of $51.50.

Kraton Corporation 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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Institutional Ownership by Quarter for Kraton Corporation (NYSE:KRA)

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