Alps Advisors Inc. acquired a new position in shares of Koppers Holdings Inc. (NYSE:KOP) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,732 shares of the specialty chemicals company’s stock, valued at approximately $343,000.
Several other institutional investors also recently made changes to their positions in the company. Voya Investment Management LLC boosted its holdings in Koppers by 282.8% in the second quarter. Voya Investment Management LLC now owns 33,631 shares of the specialty chemicals company’s stock valued at $1,216,000 after purchasing an additional 24,845 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Koppers by 67.8% in the third 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 in the last quarter. Icon Advisers Inc. Co. acquired a new position in Koppers in the third quarter valued at approximately $923,000. Comerica Bank boosted its holdings in Koppers by 7.3% in the third quarter. Comerica Bank now owns 53,885 shares of the specialty chemicals company’s stock valued at $2,589,000 after purchasing an additional 3,650 shares in the last quarter. Finally, State Street Corp boosted its holdings in Koppers by 11.3% in the second 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 in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.
Shares of Koppers Holdings Inc. (NYSE:KOP) opened at $40.05 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 2.02 and a debt-to-equity ratio of 6.08. Koppers Holdings Inc. has a 52 week low of $33.90 and a 52 week high of $51.80. The firm has a market capitalization of $830.86, a P/E ratio of 16.97 and a beta of 0.85.
A number of brokerages recently issued reports on KOP. ValuEngine downgraded Koppers from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded Koppers from a “strong-buy” rating to a “sell” rating in a report on Wednesday, January 17th. Finally, B. Riley reaffirmed a “buy” rating and issued a $65.00 price target on shares of Koppers in a report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $50.17.
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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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