Koppers Holdings Inc. (KOP) Shares Sold by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. reduced its stake in shares of Koppers Holdings Inc. (NYSE:KOP) by 6.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,860 shares of the specialty chemicals company’s stock after selling 10,480 shares during the period. Schwab Charles Investment Management Inc. owned 0.70% of Koppers worth $6,732,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of KOP. Macquarie Group Ltd. purchased a new position in Koppers in the 3rd quarter worth approximately $166,000. Victory Capital Management Inc. purchased a new position in Koppers in the 3rd quarter worth approximately $195,000. Virtu KCG Holdings LLC purchased a new position in Koppers in the 2nd quarter worth approximately $201,000. Barings LLC purchased a new position in Koppers in the 3rd quarter worth approximately $212,000. Finally, BlueCrest Capital Management Ltd bought a new stake in Koppers in the 2nd quarter worth approximately $255,000. 89.26% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the company. B. Riley reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Koppers in a research note on Tuesday, December 19th. Zacks Investment Research raised Koppers from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a research note on Friday, November 17th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Koppers in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. Koppers currently has an average rating of “Buy” and an average target price of $50.17.

Koppers Holdings Inc. (NYSE:KOP) opened at $48.80 on Friday. The firm has a market capitalization of $1,019.64, a P/E ratio of 21.13, a PEG ratio of 0.72 and a beta of 1.02. The company has a current ratio of 2.02, a quick ratio of 1.13 and a debt-to-equity ratio of 6.08. Koppers Holdings Inc. has a 12-month low of $33.90 and a 12-month high of $51.80.

Koppers (NYSE:KOP) last released its earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.55. The firm had revenue of $384.80 million for the quarter, compared to the consensus estimate of $363.00 million. Koppers had a return on equity of 119.06% and a net margin of 3.54%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS. analysts forecast that Koppers Holdings Inc. will post 3.73 earnings per share for the current year.

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Koppers Company Profile

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.

Institutional Ownership by Quarter for Koppers (NYSE:KOP)

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