Strs Ohio Has $921,000 Stake in Koppers Holdings Inc. (KOP)

Strs Ohio cut its position in Koppers Holdings Inc. (NYSE:KOP) by 84.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,100 shares of the specialty chemicals company’s stock after selling 96,400 shares during the quarter. Strs Ohio owned approximately 0.09% of Koppers worth $921,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Wells Fargo & Company MN grew its stake in Koppers by 0.8% in the 2nd quarter. Wells Fargo & Company MN now owns 33,677 shares of the specialty chemicals company’s stock valued at $1,217,000 after buying an additional 274 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Koppers by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,050 shares of the specialty chemicals company’s stock valued at $580,000 after buying an additional 474 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in Koppers by 8.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 7,700 shares of the specialty chemicals company’s stock valued at $278,000 after buying an additional 600 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in Koppers by 12.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,344 shares of the specialty chemicals company’s stock valued at $410,000 after buying an additional 1,259 shares during the last quarter. Finally, Highbridge Capital Management LLC grew its position in Koppers by 13.3% in the 3rd quarter. Highbridge Capital Management LLC now owns 12,528 shares of the specialty chemicals company’s stock worth $578,000 after purchasing an additional 1,471 shares during the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Several analysts have issued reports on KOP shares. B. Riley restated 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 lowered shares of Koppers from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, ValuEngine lowered shares of Koppers from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $50.17.

Shares of Koppers Holdings Inc. (NYSE KOP) opened at $39.70 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. The stock has a market cap of $830.86, a price-to-earnings ratio of 16.97 and a beta of 0.85. Koppers Holdings Inc. has a 12-month low of $33.90 and a 12-month high of $51.80.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and international trademark and copyright laws. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/14/strs-ohio-trims-position-in-koppers-holdings-inc-kop.html.

Koppers 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)

Receive News & Ratings for Koppers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koppers and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply