Dimensional Fund Advisors LP Has $120.92 Million Stake in Kraton Corp (KRA)

Dimensional Fund Advisors LP reduced its holdings in shares of Kraton Corp (NYSE:KRA) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,564,561 shares of the specialty chemicals company’s stock after selling 34,890 shares during the quarter. Dimensional Fund Advisors LP owned 8.02% of Kraton worth $120,919,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. lifted its position in shares of Kraton by 47.4% during the second quarter. American Century Companies Inc. now owns 215,569 shares of the specialty chemicals company’s stock valued at $9,946,000 after purchasing an additional 69,301 shares in the last quarter. BlackRock Inc. lifted its position in shares of Kraton by 8.5% during the second quarter. BlackRock Inc. now owns 4,358,381 shares of the specialty chemicals company’s stock valued at $201,097,000 after purchasing an additional 341,081 shares in the last quarter. ClariVest Asset Management LLC lifted its position in shares of Kraton by 8.9% during the second quarter. ClariVest Asset Management LLC now owns 30,563 shares of the specialty chemicals company’s stock valued at $1,410,000 after purchasing an additional 2,500 shares in the last quarter. Mackay Shields LLC lifted its position in shares of Kraton by 65.5% during the second quarter. Mackay Shields LLC now owns 71,500 shares of the specialty chemicals company’s stock valued at $3,299,000 after purchasing an additional 28,300 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in shares of Kraton during the second quarter valued at about $176,000. Hedge funds and other institutional investors own 96.11% of the company’s stock.

A number of research firms recently weighed in on KRA. ValuEngine lowered shares of Kraton from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. TheStreet lowered shares of Kraton from a “b-” rating to a “c+” rating in a research report on Monday, November 12th. Zacks Investment Research lowered shares of Kraton from a “hold” rating to a “sell” rating in a research report on Thursday, October 18th. Loop Capital set a $76.00 price target on shares of Kraton and gave the company a “buy” rating in a research report on Wednesday, August 15th. Finally, SunTrust Banks lowered shares of Kraton from a “buy” rating to a “hold” rating in a research report on Friday, October 26th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $57.50.

KRA opened at $23.93 on Friday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.04 and a current ratio of 2.33. Kraton Corp has a fifty-two week low of $23.48 and a fifty-two week high of $53.99. The stock has a market cap of $779.43 million, a P/E ratio of 8.40 and a beta of 1.74.

Kraton (NYSE:KRA) last announced its quarterly earnings data on Wednesday, October 24th. The specialty chemicals company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.19). The company had revenue of $523.11 million during the quarter, compared to the consensus estimate of $528.00 million. Kraton had a return on equity of 14.83% and a net margin of 5.87%. Equities research analysts predict that Kraton Corp will post 3.16 EPS for the current fiscal year.

In other Kraton news, CEO Kevin Michael Fogarty sold 27,748 shares of Kraton stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $50.00, for a total value of $1,387,400.00. Following the sale, the chief executive officer now owns 273,281 shares of the company’s stock, valued at $13,664,050. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Stephen E. Tremblay sold 13,085 shares of Kraton stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $49.50, for a total transaction of $647,707.50. Following the completion of the sale, the insider now directly owns 102,409 shares in the company, valued at approximately $5,069,245.50. The disclosure for this sale can be found here. Insiders own 4.71% of the company’s stock.

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About Kraton

Kraton Corporation manufactures and sells styrenic block copolymers and other engineered polymers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Polymer and Chemical. The Polymer segment offers performance products, including styrene-butadiene-styrene and styrene-isoprene-styrene; and specialty polymers, such as hydrogenated styrenic block copolymers, as well as isoprene rubber and isoprene rubber latex for use in medical and personal care products, adhesives, tackifiers, paints, and coatings.

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Institutional Ownership by Quarter for Kraton (NYSE:KRA)

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