Parametric Portfolio Associates LLC Sells 1,403 Shares of Koppers Holdings Inc. (KOP)

Parametric Portfolio Associates LLC reduced its position in Koppers Holdings Inc. (NYSE:KOP) by 3.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,220 shares of the specialty chemicals company’s stock after selling 1,403 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.18% of Koppers Holdings worth $1,346,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KOP. Teachers Advisors LLC lifted its holdings in shares of Koppers Holdings by 34.7% in the 1st quarter. Teachers Advisors LLC now owns 247,952 shares of the specialty chemicals company’s stock worth $10,501,000 after purchasing an additional 63,828 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Koppers Holdings by 2.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,104 shares of the specialty chemicals company’s stock worth $216,000 after purchasing an additional 104 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Koppers Holdings by 3.9% in the 1st quarter. Legal & General Group Plc now owns 35,167 shares of the specialty chemicals company’s stock worth $1,489,000 after purchasing an additional 1,321 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Koppers Holdings by 7.9% in the 1st quarter. Vanguard Group Inc. now owns 2,451,644 shares of the specialty chemicals company’s stock worth $103,828,000 after purchasing an additional 179,784 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Koppers Holdings by 2.6% in the 1st quarter. Geode Capital Management LLC now owns 152,246 shares of the specialty chemicals company’s stock worth $6,447,000 after purchasing an additional 3,821 shares in the last quarter. Institutional investors own 88.27% of the company’s stock.

KOP has been the topic of a number of recent research reports. TheStreet upgraded Koppers Holdings from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, August 8th. Jefferies Group LLC reiterated a “hold” rating and issued a $40.00 target price on shares of Koppers Holdings in a report on Thursday, October 12th. Finally, Barrington Research reiterated an “outperform” rating and issued a $55.00 target price on shares of Koppers Holdings in a report on Thursday, September 14th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $45.40.

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Shares of Koppers Holdings Inc. (NYSE KOP) opened at $46.95 on Wednesday. The company has a market capitalization of $977.11, a price-to-earnings ratio of 12.76, a P/E/G ratio of 0.71 and a beta of 1.02. Koppers Holdings Inc. has a 12-month low of $33.90 and a 12-month high of $51.80. The company has a debt-to-equity ratio of 6.08, a current ratio of 2.02 and a quick ratio of 1.13.

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

In related news, VP Leslie S. Hyde sold 1,810 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $45.00, for a total value of $81,450.00. Following the completion of the sale, the vice president now directly owns 19,727 shares of the company’s stock, valued at approximately $887,715. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Leslie S. Hyde sold 1,800 shares of the stock in a transaction 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 completion of the sale, the vice president now directly owns 19,927 shares of the company’s stock, valued at $856,861. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

Koppers Holdings 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 Holdings (NYSE:KOP)

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