Shares of Kraton Performance Polymers Inc. (NYSE:KRA) fell 2% on Monday . The stock 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.

Several research firms have weighed in on KRA. Zacks Investment Research downgraded Kraton Performance Polymers from a “hold” rating to a “sell” rating in a research note on Tuesday. TheStreet upgraded Kraton Performance Polymers from a “sell” rating to a “buy” rating in a research note on Wednesday, April 27th.

The company has a market cap of $908.83 million and a PE ratio of 10.52. The company has a 50 day moving average price of $27.84 and a 200 day moving average price of $20.91.

Kraton Performance Polymers (NYSE:KRA) last released its earnings results on Wednesday, April 27th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.25. During the same quarter last year, the business posted $0.76 earnings per share. The company earned $419.90 million during the quarter, compared to analysts’ expectations of $462.13 million. The company’s revenue for the quarter was up 60.6% on a year-over-year basis. Analysts expect that Kraton Performance Polymers Inc. will post $2.82 EPS for the current fiscal year.

A number of hedge funds and institutional investors recently added to or reduced their stakes in KRA. Russell Frank Co raised its position in Kraton Performance Polymers by 41.0% in the fourth quarter. Russell Frank Co now owns 63,215 shares of the company’s stock worth $1,070,000 after buying an additional 18,366 shares during the period. Sei Investments Co. boosted its stake 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 worth $1,712,000 after buying an additional 103,061 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake 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 worth $2,173,000 after buying an additional 56,522 shares in the last quarter. California Public Employees Retirement System boosted its stake in Kraton Performance Polymers by 14.1% in the fourth quarter. California Public Employees Retirement System now owns 140,200 shares of the company’s stock worth $2,329,000 after buying an additional 17,300 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its stake in Kraton Performance Polymers by 155.0% in the fourth quarter. Nationwide Fund Advisors now owns 152,024 shares of the company’s stock worth $2,525,000 after buying an additional 92,412 shares in the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.