Hancock Holding Co. Has $10,782,000 Position in Kraton Corporation (KRA)
Hancock Holding Co. maintained its stake in shares of Kraton Corporation (NYSE:KRA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 313,060 shares of the specialty chemicals company’s stock at the close of the second quarter. Hancock Holding Co. owned about 1.00% of Kraton Corporation worth $10,782,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. Parametric Portfolio Associates LLC grew its position in Kraton Corporation by 40.7% in the second quarter. Parametric Portfolio Associates LLC now owns 110,808 shares of the specialty chemicals company’s stock worth $3,816,000 after acquiring an additional 32,053 shares in the last quarter. Vanguard Group Inc. grew its position in Kraton Corporation by 2.3% in the second quarter. Vanguard Group Inc. now owns 2,901,209 shares of the specialty chemicals company’s stock worth $99,918,000 after acquiring an additional 66,012 shares in the last quarter. Northern Trust Corp grew its position in Kraton Corporation by 10.3% in the second quarter. Northern Trust Corp now owns 648,883 shares of the specialty chemicals company’s stock worth $22,348,000 after acquiring an additional 60,449 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new position in Kraton Corporation in the second quarter worth $220,000. Finally, Quantitative Investment Management LLC grew its position in Kraton Corporation by 93.7% in the second quarter. Quantitative Investment Management LLC now owns 82,500 shares of the specialty chemicals company’s stock worth $2,841,000 after acquiring an additional 39,900 shares in the last quarter. Institutional investors own 97.75% of the company’s stock.
Several research analysts recently issued reports on the stock. KeyCorp reiterated a “hold” rating on shares of Kraton Corporation in a research report on Friday, September 1st. BidaskClub upgraded shares of Kraton Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. 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, UBS AG reiterated a “sell” rating and issued a $27.00 target price (up from $26.00) on shares of Kraton Corporation in a research report on Sunday, June 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Kraton Corporation presently has a consensus rating of “Buy” and an average price target of $34.50.
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Kraton Corporation (KRA) traded up 0.06% during mid-day trading on Monday, reaching $35.87. 19,823 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $33.92 and its 200 day moving average price is $32.76. Kraton Corporation has a one year low of $24.95 and a one year high of $37.50. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 25.75 and a beta of 1.28.
Kraton Corporation (NYSE:KRA) last announced its quarterly earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.24. Kraton Corporation had a net margin of 2.36% and a return on equity of 9.52%. The company had revenue of $525.30 million for the quarter, compared to the consensus estimate of $506.58 million. During the same period in the previous year, the firm posted $0.63 EPS. Kraton Corporation’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities analysts forecast that Kraton Corporation will post $2.31 EPS for the current year.
In other Kraton Corporation news, SVP James Leo Simmons sold 4,252 shares of Kraton Corporation stock in a transaction on Monday, July 31st. The shares were sold at an average price of $36.81, for a total value of $156,516.12. Following the completion of the transaction, the senior vice president now directly owns 25,695 shares of the company’s stock, valued at approximately $945,832.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.01% of the company’s stock.
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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