Kraton Performance Polymers Inc. (NYSE:KRA) fell 2% during trading on Monday . The company traded as low as $29.80 and last traded at $29.85, with a volume of 125,578 shares trading hands. The stock had previously closed at $30.45.

A number of research firms have commented on KRA. Zacks Investment Research downgraded Kraton Performance Polymers from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. TheStreet upgraded Kraton Performance Polymers from a “sell” rating to a “buy” rating in a report on Wednesday, April 27th.

The firm has a market capitalization of $927.02 million and a price-to-earnings ratio of 10.74. The stock has a 50-day moving average of $27.71 and a 200-day moving average of $20.69.

Kraton Performance Polymers (NYSE:KRA) last issued its earnings results on Wednesday, April 27th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.25. The firm earned $419.90 million during the quarter, compared to analysts’ expectations of $462.13 million. During the same period last year, the business posted $0.76 earnings per share. The company’s quarterly revenue was up 60.6% compared to the same quarter last year. Equities analysts predict that Kraton Performance Polymers Inc. will post $2.82 earnings per share for the current year.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Sei Investments Co. raised its position in Kraton Performance Polymers by 1,288,262.5% in the fourth quarter. Sei Investments Co. now owns 103,069 shares of the company’s stock valued at $1,712,000 after buying an additional 103,061 shares during the period. Nationwide Fund Advisors raised its position in Kraton Performance Polymers by 155.0% in the fourth quarter. Nationwide Fund Advisors now owns 152,024 shares of the company’s stock valued at $2,525,000 after buying an additional 92,412 shares during the period. Lapides Asset Management LLC raised its position in Kraton Performance Polymers by 31.3% in the fourth quarter. Lapides Asset Management LLC now owns 352,800 shares of the company’s stock valued at $5,860,000 after buying an additional 84,100 shares during the period. Cornerstone Capital Management Holdings LLC. raised its position in Kraton Performance Polymers by 76.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 130,822 shares of the company’s stock valued at $2,173,000 after buying an additional 56,522 shares during the period. Finally, Royce & Associates LLC raised its position in Kraton Performance Polymers by 4.4% in the fourth quarter. Royce & Associates LLC now owns 1,249,880 shares of the company’s stock valued at $20,761,000 after buying an additional 52,480 shares during the period.

Kraton Performance Polymers, Inc is a producer of styrenic block copolymers (SBCs) and other engineered polymers. The Company’s products are found in many everyday applications, including personal care products such as disposable diapers and the rubberized grips of toothbrushes, razor blades, and power tools.

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