Kraton Corporation (NYSE:KRA) SVP Holger R. Jung sold 42,758 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $48.31, for a total transaction of $2,065,638.98. Following the sale, the senior vice president now owns 45,585 shares in the company, valued at $2,202,211.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kraton Corporation (NYSE:KRA) last announced its earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 EPS for the quarter, beating the consensus estimate of $0.94 by $0.57. Kraton Corporation had a return on equity of 14.19% and a net margin of 1.27%. The business had revenue of $510.90 million for the quarter, compared to the consensus estimate of $481.77 million. During the same period last year, the business posted $0.63 EPS. The company’s revenue was up 12.5% on a year-over-year basis.

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A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in Kraton Corporation by 4.3% during the 2nd quarter. BlackRock Inc. now owns 3,975,623 shares of the specialty chemicals company’s stock worth $136,919,000 after purchasing an additional 164,103 shares during the last quarter. Vanguard Group Inc. increased its holdings in Kraton Corporation by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,901,209 shares of the specialty chemicals company’s stock worth $99,918,000 after purchasing an additional 66,012 shares during the last quarter. Rothschild Asset Management Inc. increased its holdings in Kraton Corporation by 5.2% during the 2nd quarter. Rothschild Asset Management Inc. now owns 954,446 shares of the specialty chemicals company’s stock worth $32,871,000 after purchasing an additional 47,540 shares during the last quarter. FMR LLC increased its holdings in Kraton Corporation by 53.2% during the 1st quarter. FMR LLC now owns 954,380 shares of the specialty chemicals company’s stock worth $29,509,000 after purchasing an additional 331,303 shares during the last quarter. Finally, State Street Corp increased its holdings in Kraton Corporation by 5.8% during the 2nd quarter. State Street Corp now owns 740,585 shares of the specialty chemicals company’s stock worth $25,506,000 after purchasing an additional 40,284 shares during the last quarter. Institutional investors own 97.35% of the company’s stock.

A number of research firms recently weighed in on KRA. TheStreet lowered shares of Kraton Corporation from a “b-” rating to a “c” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded shares of Kraton Corporation from a “sell” rating to a “hold” rating and set a $56.00 target price on the stock in a research note on Saturday. ValuEngine upgraded shares of Kraton Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. UBS AG upped their price target on Kraton Corporation from $28.00 to $30.00 and gave the company a “sell” rating in a report on Wednesday, October 25th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $55.00 price target (up from $45.00) on shares of Kraton Corporation in a report on Wednesday, October 11th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $51.50.

About Kraton Corporation

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.

Insider Buying and Selling by Quarter for Kraton Corporation (NYSE:KRA)

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