Schwab Charles Investment Management Inc. lowered its holdings in Koppers Holdings Inc. (NYSE:KOP) by 19.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 117,380 shares of the specialty chemicals company’s stock after selling 28,480 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.57% of Koppers worth $5,975,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of KOP. State Street Corp grew its position in Koppers by 11.3% in the 2nd quarter. State Street Corp now owns 573,048 shares of the specialty chemicals company’s stock valued at $20,716,000 after purchasing an additional 58,405 shares during the period. Harvey Partners LLC acquired a new stake in Koppers in the 3rd quarter valued at $2,192,000. Prudential Financial Inc. grew its position in Koppers by 12.5% in the 3rd quarter. Prudential Financial Inc. now owns 320,590 shares of the specialty chemicals company’s stock valued at $14,795,000 after purchasing an additional 35,630 shares during the period. Algert Global LLC grew its position in Koppers by 76.2% in the 3rd quarter. Algert Global LLC now owns 64,533 shares of the specialty chemicals company’s stock valued at $2,978,000 after purchasing an additional 27,909 shares during the period. Finally, Wells Fargo & Company MN grew its position in Koppers by 67.8% in the 3rd quarter. Wells Fargo & Company MN now owns 56,499 shares of the specialty chemicals company’s stock valued at $2,607,000 after purchasing an additional 22,822 shares during the period. 91.90% of the stock is owned by institutional investors and hedge funds.
Koppers Holdings Inc. (KOP) opened at $44.25 on Tuesday. The company has a debt-to-equity ratio of 6.29, a quick ratio of 0.96 and a current ratio of 1.80. The stock has a market cap of $905.94, a price-to-earnings ratio of 11.82 and a beta of 0.94. Koppers Holdings Inc. has a fifty-two week low of $33.90 and a fifty-two week high of $51.80.
KOP has been the subject of several research reports. B. Riley reissued a “buy” rating and issued a $65.00 price target on shares of Koppers in a research report on Tuesday, December 19th. Zacks Investment Research raised shares of Koppers from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Thursday, March 8th. TheStreet downgraded shares of Koppers from a “b-” rating to a “c” rating in a research report on Tuesday, February 27th. Finally, ValuEngine downgraded shares of Koppers from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Koppers currently has a consensus rating of “Buy” and an average target price of $48.33.
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Koppers Holdings Inc is a global integrated provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The RUPS business sells treated and untreated wood products, rail joint bars and services primarily to the railroad markets.
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