Schwab Charles Investment Management Inc. Has $5.65 Million Stake in Koppers Holdings Inc. (KOP)

Schwab Charles Investment Management Inc. cut its stake in shares of Koppers Holdings Inc. (NYSE:KOP) by 43.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,340 shares of the specialty chemicals company’s stock after selling 121,109 shares during the period. Schwab Charles Investment Management Inc. owned 0.75% of Koppers Holdings worth $5,652,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE increased its position in shares of Koppers Holdings by 111.7% during the first quarter. US Bancorp DE now owns 2,532 shares of the specialty chemicals company’s stock valued at $107,000 after buying an additional 1,336 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Koppers Holdings by 0.6% during the first quarter. Envestnet Asset Management Inc. now owns 2,902 shares of the specialty chemicals company’s stock valued at $124,000 after buying an additional 18 shares during the period. State of Alaska Department of Revenue increased its position in shares of Koppers Holdings by 80.3% during the second quarter. State of Alaska Department of Revenue now owns 4,110 shares of the specialty chemicals company’s stock valued at $148,000 after buying an additional 1,830 shares during the period. Municipal Employees Retirement System of Michigan increased its position in shares of Koppers Holdings by 4.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,880 shares of the specialty chemicals company’s stock valued at $176,000 after buying an additional 210 shares during the period. Finally, Mason Street Advisors LLC increased its position in shares of Koppers Holdings by 7.0% during the first quarter. Mason Street Advisors LLC now owns 4,832 shares of the specialty chemicals company’s stock valued at $205,000 after buying an additional 317 shares during the period. Hedge funds and other institutional investors own 87.90% of the company’s stock.

Koppers Holdings Inc. (NYSE KOP) opened at 49.25 on Friday. The company has a market capitalization of $1.02 billion, a PE ratio of 25.08 and a beta of 0.98. The company has a 50 day moving average of $42.65 and a 200 day moving average of $39.41. Koppers Holdings Inc. has a 52-week low of $31.30 and a 52-week high of $49.60.

Koppers Holdings (NYSE:KOP) last issued its earnings results on Thursday, August 3rd. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.26. The company had revenue of $378.00 million for the quarter, compared to the consensus estimate of $369.00 million. Koppers Holdings had a return on equity of 153.51% and a net margin of 3.02%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.93 EPS. On average, equities research analysts forecast that Koppers Holdings Inc. will post $3.24 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This article was first reported by Stock Observer and is the sole property of of Stock Observer. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://www.thestockobserver.com/2017/10/13/schwab-charles-investment-management-inc-has-5-65-million-stake-in-koppers-holdings-inc-kop.html.

Several equities research analysts have recently weighed in on KOP shares. TheStreet upgraded Koppers Holdings from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded Koppers Holdings 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. Wunderlich upgraded shares of Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Wednesday, June 28th. Jefferies Group LLC restated a “hold” rating and issued a $40.00 price objective on shares of Koppers Holdings in a research report on Thursday. Finally, Barrington Research restated an “outperform” rating and issued a $55.00 price objective on shares of Koppers Holdings in a research report on Thursday, September 14th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Koppers Holdings presently has an average rating of “Buy” and an average target price of $45.40.

In related news, VP Leslie S. Hyde sold 1,810 shares of Koppers Holdings stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $45.00, for a total transaction of $81,450.00. Following the sale, the vice president now owns 19,727 shares of the company’s stock, valued at approximately $887,715. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Leslie S. Hyde sold 1,800 shares of Koppers Holdings stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $43.00, for a total value of $77,400.00. Following the sale, the vice president now directly 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 company insiders.

Koppers Holdings 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.

Want to see what other hedge funds are holding KOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Koppers Holdings Inc. (NYSE:KOP).

Institutional Ownership by Quarter for Koppers Holdings (NYSE:KOP)

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

Leave a Reply