Trexquant Investment LP Takes $388,000 Position in Koppers Holdings Inc. (KOP)

Trexquant Investment LP acquired a new stake in Koppers Holdings Inc. (NYSE:KOP) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 8,417 shares of the specialty chemicals company’s stock, valued at approximately $388,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Koppers by 7.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,627,991 shares of the specialty chemicals company’s stock valued at $95,002,000 after acquiring an additional 176,347 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Koppers by 1.4% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,335,151 shares of the specialty chemicals company’s stock worth $61,617,000 after buying an additional 18,959 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in Koppers by 25.0% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the specialty chemicals company’s stock worth $32,535,000 after buying an additional 180,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Koppers by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 624,177 shares of the specialty chemicals company’s stock worth $22,564,000 after buying an additional 13,383 shares in the last quarter. Finally, State Street Corp lifted its position in Koppers by 11.3% during the 2nd quarter. State Street Corp now owns 573,048 shares of the specialty chemicals company’s stock worth $20,716,000 after buying an additional 58,405 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Leslie S. Hyde sold 1,810 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $45.00, for a total value of $81,450.00. Following the transaction, the vice president now owns 19,727 shares in the company, valued at approximately $887,715. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Leslie S. Hyde sold 1,800 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $43.00, for a total transaction of $77,400.00. Following the completion of the transaction, the vice president now owns 19,927 shares in the company, valued at approximately $856,861. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.

KOP has been the topic of several analyst reports. Zacks Investment Research raised shares of Koppers from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Tuesday, August 8th. Barrington Research reissued an “outperform” rating and set a $55.00 price target on shares of Koppers in a research report on Thursday, September 14th. Finally, Jefferies Group reissued a “hold” rating and set a $40.00 price target on shares of Koppers in a research report on Thursday, October 12th. One analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $47.20.

Shares of Koppers Holdings Inc. (KOP) traded up $0.50 during mid-day trading on Monday, hitting $50.40. 163,000 shares of the stock were exchanged, compared to its average volume of 120,380. The company has a debt-to-equity ratio of 6.08, a quick ratio of 1.13 and a current ratio of 2.02. The company has a market cap of $1,045.57, a PE ratio of 13.66, a price-to-earnings-growth ratio of 0.75 and a beta of 1.01. Koppers Holdings Inc. has a 12 month low of $33.90 and a 12 month high of $51.80.

Koppers (NYSE:KOP) last issued its earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.55. Koppers had a net margin of 3.54% and a return on equity of 119.06%. The company had revenue of $384.80 million for the quarter, compared to analysts’ expectations of $363.00 million. During the same period in the prior year, the firm earned $0.99 EPS. Koppers’s quarterly revenue was up 3.7% compared to the same quarter last year. research analysts anticipate that Koppers Holdings Inc. will post 3.75 EPS for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Koppers (NYSE:KOP)

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