Morgan Stanley Acquires 307,904 Shares of Kraton Co. (NYSE:KRA)

Morgan Stanley increased its holdings in Kraton Co. (NYSE:KRA) by 264.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 424,456 shares of the specialty chemicals company’s stock after purchasing an additional 307,904 shares during the quarter. Morgan Stanley’s holdings in Kraton were worth $11,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of KRA. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Kraton by 61.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,899 shares of the specialty chemicals company’s stock worth $108,000 after purchasing an additional 1,479 shares during the last quarter. ProShare Advisors LLC purchased a new stake in Kraton in the fourth quarter worth about $209,000. Arizona State Retirement System purchased a new stake in Kraton in the fourth quarter worth about $257,000. Citigroup Inc. lifted its holdings in Kraton by 147.6% in the fourth quarter. Citigroup Inc. now owns 9,380 shares of the specialty chemicals company’s stock worth $261,000 after buying an additional 5,592 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in Kraton by 13,041.9% in the fourth quarter. Captrust Financial Advisors now owns 9,725 shares of the specialty chemicals company’s stock worth $270,000 after buying an additional 9,651 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Shares of NYSE KRA opened at $34.75 on Wednesday. Kraton Co. has a twelve month low of $8.20 and a twelve month high of $45.88. The firm has a market cap of $1.12 billion, a P/E ratio of -4.88 and a beta of 2.34. The company has a 50 day moving average of $37.79 and a 200 day moving average of $31.89. The company has a quick ratio of 0.69, a current ratio of 1.64 and a debt-to-equity ratio of 1.30.

Kraton (NYSE:KRA) last posted its earnings results on Tuesday, February 23rd. The specialty chemicals company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. Kraton had a negative net margin of 14.37% and a positive return on equity of 3.40%. The business had revenue of $406.76 million during the quarter, compared to the consensus estimate of $387.50 million. During the same quarter in the previous year, the firm posted ($0.06) EPS. As a group, equities analysts expect that Kraton Co. will post 1.13 earnings per share for the current fiscal year.

KRA has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Kraton from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a report on Tuesday, January 26th. TheStreet upgraded shares of Kraton from a “d+” rating to a “c-” rating in a report on Friday, March 19th. One equities research analyst has rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $26.80.

Kraton Company Profile

Kraton Corporation manufactures and sells styrenic block copolymers, specialty polymers, and other products 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 for paving and roofing application; styrene-isoprene-styrene for personal care application; ethylene-vinyl acetate, polyolefins, and metallocene polyolefins for adhesives application; and specialty polymers, such as hydrogenated styrenic block copolymer, 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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